Gold Rate Today (India – Detailed)

Latest Average Prices (Retail)

• 24K (99.9% pure gold)
  ₹13,900 – ₹14,200 per gram
  ₹1,37,000 – ₹1,42,000 per 10g
• 22K (jewellery gold)
  ₹12,700 – ₹13,000 per gram
• ₹1,27,000 – ₹1,30,000 per 10g

Prices are falling for the 4th–5th consecutive day across India

Kolkata Gold Rate (Today / Recent Latest)

• 24K gold: ~₹13,900 – ₹14,000 per gram
• 22K gold: ~₹12,700 – ₹12,850 per gram

Per 10 grams:

• 24K: ~₹1.39 – ₹1.40 lakh
• 22K: ~₹1.27 – ₹1.29 lakh

MCX (Commodity Market Price)

• Gold futures dropped to around:
  ₹1.36 – ₹1.37 lakh per 10g

This is the trading price, not retail jewellery price.

Why Gold Price Is Falling (Important)

Today’s drop is mainly due to:

1.Strong US Dollar

• Makes gold expensive globally → lowers demand

2. Interest Rate Expectations

• Less chance of rate cuts → investors move away from gold

3. Global Tensions Cooling Slightly

• Reduced safe-haven demand

Types of Gold (Important for Buying)

Final Price You Pay (Very Important)

When you buy jewellery, actual cost =

Gold price

• Making charges (5%–25%)
• GST (3%)

So ₹1.30 lakh gold can become ₹1.40–1.60 lakh easily.

10-Day Trend (Simple View)

• Last week: ~₹1.45–1.50 lakh / 10g
• Today: ~₹1.36–1.40 lakh / 10g

Drop of ₹8,000–₹10,000 recently (big correction)

How Gold Price Is Calculated in India

This is the real formula behind jewellery pricing: Final Price =

Gold Rate × Weight

• Making Charges
• GST

Example (Real Calculation)

Suppose:

• 22K gold = ₹13,000/g
• Weight = 10g

Step-by-step:

• Gold value = ₹1,30,000
• Making charge (15%) = ₹19,500
• GST:
  • 3% on gold
  • 5% on making charges

Final price ≈ ₹1,55,000+

Hidden Costs Most People Ignore

Making Charges

• Typically: 5% – 35%
• Can go even higher for designer jewellery
• Typical Making Charges:
• Rings: ~14%–27%
• Earrings: ~20%–30%

Taxes on Gold in India

• GST on gold: 3%
• GST on making charges: 5%

This alone increases your cost significantly.

Gold Price Trend (March 2026)

Early March:

• 24K ≈ ₹16,000+/gram

Mid-March:

• ₹15,000 range

Today:

• ~₹14,000 range

Drop of ~₹2,000 per gram (~12%) in weeks

Biggest reason: global macroeconomic pressure + dollar strength

What Controls Gold Prices in India

Global Factors:

• US Federal Reserve decisions
• Dollar strength
• Inflation
• War / geopolitical risk

Indian Factors:

Festival demand (Diwali, weddings)

Import duty (India imports ~100% gold)

Rupee vs Dollar

Here’s a reliable article where you can read in detail about gold rates, how they are calculated, and what affects them in India https://www.shareindia.com/knowledge-center/commodity-trading/how-gold-price-is-determined-in-india?