Gold Price in Indian Rupees Today
Track the live gold rate in INR per gram and per 10 grams. MCX gold futures data and international spot prices converted with real-time USD/INR rates.
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Understanding Gold Prices in India
India is the world's largest consumer of gold, driven by deep cultural traditions. The domestic price is determined by the international spot price, the USD/INR exchange rate, and an import duty of approximately 15%.
- Consumer rank: #1 globally, consuming 700-800 tonnes annually
- Standard purity: 22K (916) for jewelry, 24K (999) for investment
- Import duty: ~15% (customs + AIDC) creates a premium over international prices
- MCX gold futures: quoted in INR per 10 grams (standard, mini, and petal contracts)
- Peak buying seasons: Dhanteras, Akshaya Tritiya, and wedding season
- Sovereign Gold Bonds (SGBs) offer 2.5% interest plus gold price appreciation
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Frequently Asked Questions
What is the gold price in India today?
The gold price in India changes throughout the day based on international spot price movements, USD/INR exchange rate fluctuations, and MCX futures trading. Visit our India prices page for real-time gold rates in INR per gram and per 10 grams for both 22K and 24K gold.
Why is the gold price different in India?
Gold in India is more expensive than the international spot price due to import duties (approximately 15% including customs duty and Agriculture Infrastructure Development Cess), GST (3% on gold), and making charges for jewelry. The USD/INR exchange rate also affects the final price. Together, these factors create a substantial premium over the London or New York price.
What is the MCX gold price?
The MCX (Multi Commodity Exchange) gold price is the price of gold futures contracts traded on India's largest commodity exchange in Mumbai. MCX gold is quoted in Indian rupees per 10 grams and reflects the international gold price plus import duties and local market dynamics. It serves as the primary benchmark for gold pricing in India.
How does import duty affect Indian gold price?
India's gold import duty (currently ~15%) is added to the international price when gold enters the country. This means that if international gold is priced at INR 60,000 per 10 grams after currency conversion, the import duty adds approximately INR 9,000, bringing the base price to around INR 69,000 before GST and dealer margins. Changes in import duty directly impact domestic gold prices.