Gold prices in India dropped slightly today, Tuesday, September 01, 2026. Buyers across major retail markets track bullion movements closely as festive preparations begin. Precious metal rates respond directly to international spot prices, currency shifts, and local market demand.
Whether you want to buy bridal jewelry, gold coins, or digital assets, checking daily market rates saves you money. Here is the complete city-wise breakdown for 18, 22, and 24 carat gold prices in India today.
Today’s Gold Price Highlights (September 01, 2026)
- 24 Carat Gold (99.9% Purity):Retails at ₹15,824 per gram (₹1,58,240 per 10 grams).The rate dropped by ₹289 per gram compared to the previous session.
- 22 Carat Gold (91.6% Purity): Sells at ₹14,505 per gram (₹1,45,050 per 10 grams), down by ₹265 per gram.
- 18 Carat Gold (75.0% Purity): Trades at ₹11,868 per gram (₹1,18,680 per 10 grams), showing a decrease of ₹217 per gram.
(Note: These figures reflect base bullion rates. Final retail prices include an extra 3% GST, applicable TCS, and local jewelry making charges.)
Gold Rate Today in Top 20 Indian Cities (Per 10 Grams)
The table below lists the latest retail rates for 18K, 22K, and 24K gold across 20 major Indian cities:
| City | 18 Carat (₹ / 10g) | 22 Carat (₹ / 10g) | 24 Carat (₹ / 10g) |
| New Delhi | ₹1,18,740 | ₹1,45,150 | ₹1,58,390 |
| Mumbai | ₹1,18,680 | ₹1,45,050 | ₹1,58,240 |
| Kolkata | ₹1,18,590 | ₹1,45,050 | ₹1,58,110 |
| Chennai | ₹1,22,660 | ₹1,45,150 | ₹1,58,110 |
| Bengaluru | ₹1,18,590 | ₹1,45,050 | ₹1,58,110 |
| Hyderabad | ₹1,18,590 | ₹1,45,050 | ₹1,58,240 |
| Ahmedabad | ₹1,18,640 | ₹1,45,100 | ₹1,58,160 |
| Pune | ₹1,18,680 | ₹1,45,050 | ₹1,58,240 |
| Jaipur | ₹1,18,740 | ₹1,45,150 | ₹1,58,390 |
| Lucknow | ₹1,18,740 | ₹1,45,150 | ₹1,58,390 |
| Patna | ₹1,18,640 | ₹1,45,100 | ₹1,58,290 |
| Chandigarh | ₹1,18,740 | ₹1,45,150 | ₹1,58,390 |
| Surat | ₹1,18,640 | ₹1,45,100 | ₹1,58,290 |
| Bhopal | ₹1,18,680 | ₹1,45,100 | ₹1,58,340 |
| Indore | ₹1,18,680 | ₹1,45,100 | ₹1,58,340 |
| Bhubaneswar | ₹1,18,680 | ₹1,45,050 | ₹1,58,240 |
| Nagpur | ₹1,18,680 | ₹1,45,050 | ₹1,58,240 |
| Amritsar | ₹1,18,740 | ₹1,45,150 | ₹1,58,260 |
| Visakhapatnam | ₹1,18,590 | ₹1,45,050 | ₹1,58,240 |
| Kerala (Statewide) | ₹1,18,680 | ₹1,45,050 | ₹1,58,240 |
Differences Between 18K, 22K, and 24K Gold
Buyers must understand purity grades before selecting ornaments or investment bullion.
24 Carat Gold (99.9% Purity)
- Contains 99.9% pure gold without alloy metals.
- Shows a distinct, rich golden tone.
- Remains very soft and malleable.
- Suits investment bars and mint coins best.
- Jewelers avoid using 24K for daily jewelry because it bends easily.
22 Carat Gold (91.6% Purity)
- Combines 22 parts gold with 2 parts metals like copper and silver.
- Gives high strength while maintaining a brilliant yellow luster.
- Forms the traditional choice for wedding ornaments, chains, and rings.
- Carries the official mark 916 Hallmarked Gold.
18 Carat Gold (75.0% Purity)
- Contains 75% gold and 25% alloy metals.
- Offers strong scratch resistance and structural rigidity.
- Works best for diamond-studded items and delicate modern jewelry.
- Costs less than 22K and 24K, making it ideal for daily office wear.
Why Gold Rates Change Daily
Global and domestic economic factors drive gold price movements in India:
- International Spot Rates: Global investors trade bullion in US Dollars. Weakness in the US Dollar pushes gold prices higher worldwide.
- Rupee-Dollar Exchange Rate: India imports most of its physical gold. A weaker Indian Rupee raises import expenses and drives up domestic store rates.
- Central Bank Reserves: Major central banks buy bullion regularly to diversify foreign reserves. Strong reserve buying supports global gold prices.
- Seasonal Demand: Festive seasons and wedding months boost retail gold purchases, allowing local dealers to set higher premiums.
- Geopolitical Events: Political tensions increase demand for gold as a safe-haven asset.
How Jewelers Calculate Your Final Gold Bill
Jewelers calculate final invoice amounts using this standard billing formula:
$$\text{Total Price} = (\text{Gold Rate per Gram} \times \text{Weight in Grams}) + \text{Making Charges} + \text{3\% GST}$$
Example Calculation (Buying a 10g 22K Gold Chain):
- Base 22K Gold Cost: ₹1,45,050
- Making Charges (assuming 10%): ₹14,505
- Subtotal: ₹1,59,555
- GST (3% on ₹1,59,555): ₹4,786.65
- Final Total Payable:₹1,64,341.65
Always demand an itemized bill that displays the exact metal weight, making fees, and GST separately.
Important Tips for Buying Gold
Follow these steps to protect your purchase:
- Verify the BIS 6-Digit HUID Code: Check for the official Bureau of Indian Standards (BIS) mark, purity number (e.g., 22K916), and the 6-digit alphanumeric HUID stamp.
- Use the BIS Care Mobile App: Enter the 6-digit HUID code in the BIS Care app to confirm jeweler registration and authentic purity.
- Check the Net Weight: Deduct the weight of embedded stones or gems. Pay gold rates only for actual gold weight.
- Negotiate Making Charges: Inquire about making charges upfront and ask for seasonal discount offers.
- Ask About Buyback Terms: Confirm resale and exchange terms in writing before leaving the counter.
Frequently Asked Questions (FAQs)
Why do gold prices vary between cities?
State taxes, transportation costs, and regional jeweler association policies create minor price variations across cities.
What is the GST rate on physical gold in India?
The government levies a 3% GST on the combined value of gold and making charges.
Which gold is best for regular jewelry?
22 Carat (916) and 18 Carat gold provide the right durability and shine for regular jewelry use.