How our rates are calculated

Our Indian gold rate is an estimate of the day's retail rate before GST and making charges, calculated from public market data.

Inputs

• International gold (XAU) and silver (XAG) prices in US dollars per troy ounce.
• The US dollar to Indian rupee exchange rate.
• A 30-day history from a gold-backed market series, used for the trend chart.

Calculation

1. International value per gram = price per ounce × rupees per dollar ÷ 31.1035.
2. Add India's import duty on gold: 15% (10% basic customs duty + 5% AIDC) since 13 May 2026.
3. Add a small local premium (about 1.5%) to reflect the cost of bringing bullion to market.
4. 22K = 24K × 22/24; 18K = 24K × 18/24.

What is not included

3% GST, making charges, wastage, stones, hallmarking fees and city-specific premiums. Your jeweller's rate can differ from our estimate, usually by a small amount.

Prices in other countries

For other countries we show the international value converted to the local currency, before local taxes and making charges, and note the main tax on jewellery where it is a fixed national rate.

Updates

Market data is refreshed every few minutes. Customs rules on our NRI pages were last reviewed on 13 November 2026.