How to Check Gold Rate Today in India

Next, fix the weight. Rates are quoted per gram and per 10 gram, and in Kerala also per pavan, which is 8 grams. A quote that looks cheap per gram may be expensive per 10 gram if the purity is different, so convert everything to the same unit before you compare. The calculator on this site does that conversion for you.

Benchmark first, jeweller second

Check a benchmark first, such as the spot-converted rate on this site, so you have a reference point for the day. Then ask your jeweller for a quote for the same purity and weight. The jeweller's quote should be higher, because it adds import duty, a dealer premium, GST and a making charge. The question is not whether it is higher, but by how much, and whether each addition is shown separately.

If a shop gives you only a single total, ask for the break-up. A clear bill shows metal cost, making charge and GST as separate lines. A shop that will not show the break-up is a shop to walk away from, however good the headline rate sounds.

Three checks before you pay

First, check the hallmark. Jewellery should carry a hallmark mark showing its purity, such as 916 for 22K, plus the jeweller's identification mark. Second, check the weight on a scale in front of you, and make sure the bill weight matches it. Third, check the making charge: it is usually a percentage of the metal cost or a fixed amount per gram, and it varies a lot by design. A simple chain and a detailed temple design should not carry the same making charge.

Finally, keep the bill and the certificate together. If you ever sell or exchange the piece, the hallmark, weight and bill are what the buyer will ask for. A piece bought without them is harder to sell and easier to undervalue, whatever the rate was on the day you bought it.

How often should you check?

For a planned purchase, check the rate on the morning you plan to buy, and again when you reach the shop. Gold moves during the day, and a morning rate is not a promise for the evening. For a wedding, check a few days ahead so you know the range, then buy when the rate is within that range rather than trying to catch the lowest point of the month.

Do not check the rate every hour and do not let a small daily move change a family decision. Gold is bought for years, not for days. A difference of a few rupees per gram matters far less than buying the right purity, the right weight and from a shop you trust.

A note on morning and evening rates

You may see two rates for the same day, labelled morning and evening. Morning is usually yesterday's close or an opening figure, and evening is the current price. They are not two different golds, and the evening figure is the one that matters when you buy in the afternoon. If a shop quotes a morning rate in the evening, ask for the current rate instead.

The same applies to rates you saw yesterday or last week. Gold moves every day, and an old rate is useful only as history. Always re-check on the day you buy, for the exact purity and weight, and keep a note of the benchmark you checked so you can compare it fairly with the shop quote.

Related Pages

Today's gold rate in India · Today's 22K rate · Gold price calculator · Gold rate in Delhi · Gold rate in Chennai · All blog posts

Benchmark rates only, before GST and making charges. Not investment advice.