The 24 carat gold price is shaped by factors such as international bullion prices, exchange rate fluctuations, import duties, and local market demand. Since gold prices directly influence the value of gold jewellery and coins, changes in the rate can also affect the amount available against a gold loan. Understanding these drivers can help you better evaluate gold price movements and their impact.
24 Carat Gold Rate Today
In summary
- Check the today 24 carat gold rate in India and track daily price movements.
- 24K gold has 99.9% purity and generally carries a higher value than lower-purity gold.
- Gold prices are influenced by global rates, currency movements, inflation, taxes, and demand.
- Understand how the 24 carat gold price is calculated per gram and per 10 grams.
- Track historical gold rates to understand price trends and make informed buying decisions.
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How the 24K gold price is calculated: per gram, 8g, 10g
Today's 24 carat gold price is calculated using a combination of international gold prices, the USD-INR exchange rate, government taxes, and local market factors. Since 24 carat gold is the purest form of gold, its price closely follows global market movements and changes daily.
Components used to calculate the 24 carat gold price
1. International gold price: The calculation starts with the global gold price, which is quoted in US dollars. This price is converted into Indian rupees using the prevailing USD-INR exchange rate.
Formula: Gold value = Gold quantity × Current 24 carat gold price per gram
2. Import duty: India imports most of its gold. The applicable import duty is added to the base price, increasing the overall cost of gold in the domestic market.
3. GST: A 3% Goods and Services Tax (GST) is charged on the value of the gold, including applicable duties, before arriving at the final retail price.
For example: Suppose the international gold price is USD 60 per gram. It is first converted into Indian rupees using the current exchange rate. After adding the applicable import duty and 3% GST, you get the final 24 carat gold price per gram.
- For 8 grams, multiply the per gram price by 8.
- For 10 grams, multiply the per gram price by 10.
Since international prices, exchange rates, and government duties change regularly, today's 24 carat gold price also changes every day. Always check the latest gold rate before buying gold, investing, or estimating the value of your gold.
Curious about your loan eligibility? Enter your mobile number to see how much you can get for your gold.
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Historical 24 carat gold price trends
The 24 carat gold price has shown a steady upward trend over the years, driven by inflation, global economic conditions, currency movements, and strong investment demand. Reviewing historical prices helps investors understand long-term market trends and make informed buying or investment decisions.
| Year | Average 24 carat gold price per 10 grams (₹) |
|---|---|
| 2025 | ₹1,05,000–₹1,30,000* |
| 2024 | ₹77,913 |
| 2023 | ₹65,330 |
| 2022 | ₹52,670 |
| 2021 | ₹48,720 |
| 2020 | ₹48,651 |
| 2019 | ₹35,220 |
| 2018 | ₹31,438 |
| 2017 | ₹29,667.50 |
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Key factors that affect the 24 carat gold rate
The 24 carat gold rate changes every day due to a mix of global and domestic factors. Understanding these factors can help you make informed decisions when buying gold, investing, or applying for a gold loan.
- International gold prices: Global demand, supply, and market sentiment directly influence gold prices in India.
- USD-INR exchange rate: Since gold is traded internationally in US dollars, a weaker rupee generally increases the domestic gold price.
- Import duty and GST: Government taxes and import duties are added to the base gold price, affecting the final retail rate.
- Inflation and economic conditions: During periods of high inflation or economic uncertainty, investors often turn to gold, driving prices higher.
- Interest rates: Lower interest rates can increase demand for gold as an investment, while higher rates may reduce it.
- Domestic demand: Gold prices may rise during festivals and wedding seasons due to increased consumer demand.
Keeping track of these factors helps you better understand daily price movements and choose the right time to buy, invest, or pledge your gold.
What is the difference between 24K, 22K, 20K, and 18K gold?
The main difference between 24K, 22K, 20K, and 18K gold lies in their purity, durability, and intended use. Higher-purity gold is ideal for investment, while lower-purity gold is stronger and better suited for jewellery. Understanding these differences can help you choose the right type of gold based on your needs.
| Feature | 24K Gold | 22K Gold | 20K Gold | 18K Gold |
|---|---|---|---|---|
| Purity | 99.9% pure gold | 91.6% pure gold | 83.3% pure gold | 75% pure gold |
| Durability | Softest and least durable | Durable for most jewellery | Harder than 22K | Highly durable and scratch-resistant |
| Common use | Coins, bars, and investments | Traditional jewellery and ornaments | Jewellery and decorative pieces | Diamond jewellery and everyday wear |
| Price | Highest due to maximum purity | Lower than 24K | Lower than 22K | Lower than 20K |
| Colour | Bright yellow | Rich yellow | Slightly lighter yellow | Pale yellow due to higher alloy content |
The 24K gold rate is the highest because it offers the maximum purity. In contrast, 22K, 20K, and 18K gold contain alloy metals that improve strength and durability, making them better suited for jewellery. If you are investing, 24K gold is generally preferred, while 22K and 18K are popular choices for ornaments and daily wear.
Since hallmarked gold assures purity and value, check your gold loan eligibility today and unlock its full financial potential.
Techniques to check the purity of 24 carat gold
Ensuring the purity of 24 carat gold is essential before making any investment or high value purchase. Since 24 carat gold is considered the purest form, verifying its authenticity protects you from financial loss and guarantees accurate value. There are several reliable techniques used by jewellers and buyers to confirm gold purity.
- Hallmark certification: Check for official hallmark stamps that confirm purity standards set by authorised agencies.
- Acid test: A small drop of acid is applied to the gold to observe any reaction that may indicate impurities.
- Electronic gold testing machines: These devices measure purity quickly without causing damage.
- X ray fluorescence testing: A modern and precise method used by professionals to analyse metal composition.
- Density test: Pure gold has a specific density, and measuring it helps confirm authenticity.
Using these methods ensures you are purchasing genuine 24 carat gold with confidence.
How to calculate gold value in India?
You can estimate your gold's value by following these simple steps. The calculation is based on your gold's purity, weight, and the today's 24 carat gold rate.
Step 1: Check today's 24 carat gold rate per gram.
Step 2: Identify the purity of your gold (24K, 22K, 20K, or 18K).
Step 3: Weigh your gold in grams.
Step 4: Calculate the purity-adjusted rate. For example, 22K gold is valued at approximately 22/24 × the 24 carat gold rate.
Step 5: Multiply the purity-adjusted rate by the total weight of your gold to estimate its current market value.
This estimate can help you make informed decisions when buying, selling, or pledging gold.
Comparing gold investment options in India
Gold prices directly affect the value of gold investments. When gold prices rise, the value of physical gold, Gold ETFs, and Sovereign Gold Bonds generally increases. When prices fall, their value may also decline. Although each investment option works differently, all are linked to movements in the underlying gold price.
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Impact of 24 carat gold rate on gold loans
The 24 carat gold rate can influence the valuation of eligible gold pledged for a loan. However, 24K jewellery and ornaments are not accepted for Gold Loans. Gold coins with purity of up to 24K may be accepted, subject to the lender’s applicable eligibility criteria.
What decides your eligible loan amount?
Your eligible loan amount depends on:
- Gold weight
- Gold purity
- Applicable gold rate on the day of assessment
- Applicable loan-to-value (LTV) ratio
Only the pure gold content is assessed. Stones, enamel, and other decorations on your jewellery are not counted.
The final loan amount depends on the eligible LTV, actual gold purity, and the lower of either the previous day's closing price or the 30-day average closing price published by IBJA or a SEBI-regulated commodity exchange. The LTV ratio must be maintained throughout the loan tenure and may be revised as per RBI guidelines and lender policies.
The loan amount is determined using the applicable LTV ratio, which varies by loan size. To know more, click here.
Gold loan basics: What you should know before applying
Bajaj Finance offers a Gold Loan ranging from Rs. 5,000 to Rs. 2 crore against eligible gold jewellery, ornaments, and gold coins. The gold loan interest rate starts from 9.50% p.a.
Gold jewellery and ornaments between 18-22 karat purity are accepted, while gold coins of up to 24 karat purity may be eligible. Your pledged gold is securely stored in insured vaults throughout the loan tenure.
A few things worth knowing before you apply:
- Your loan amount is based on the weight and purity of your gold, not what you originally paid for it
- Bajaj Finance uses the lower of the previous day's closing price or the 30-day average closing price published by IBJA or a SEBI-regulated commodity exchange
- Only one valid KYC document is required: Aadhaar card, Voter ID, passport, driving licence, NREGA job card, or a letter from the NPR
- You can repay interest monthly, bi-monthly, quarterly, half-yearly, or annually, with the principal settled at the end of the tenure
- There are no foreclosure or part-prepayment charges. You can close the loan early without incurring any penalty
Before applying, use the gold loan calculator to estimate your eligible amount, or check your gold loan eligibility online to understand your borrowing capacity based on gold rate, gold purity, and weight.
Your gold could help you meet your financial needs. Check your gold loan eligibility and get an instant estimate based on your gold.
Know more about gold rates in Indian states and Union Territories
| Gold Rate in Assam | Gold Rate in Kerala | Gold Rate in Tamil Nadu |
| Gold Rate in Bihar | Gold Rate in Delhi | Gold Rate in Telangana |
| Gold Rate in Chhattisgarh | Gold Rate in Maharashtra | Gold Rate in Tripura |
Latest 24 carat gold price updates for major Indian cities
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Frequently asked questions
Rate Calculation
Gold Price
How is the 24 carat gold price determined?
The price of 24-carat gold is determined by global market trends, demand and supply, currency fluctuations, and import duties. Local jewellers also include making charges and taxes when selling jewellery.
Why is 24 carat gold commonly used for jewellery?
24-carat gold is pure and highly valuable, but it is very soft. For jewellery, lower purity like 22K or 18K is preferred because it is stronger and more durable. Pure 24K gold is mostly used for investment, not regular jewellery.
How does GST affect 24 carat gold price?
GST increases the final cost of gold because it is added to the base value after import duty. This raises today’s 24 carat gold price and directly influences the overall 24 carat gold rate paid by buyers.
Can I pledge 24 carat gold for a loan?
Yes, you can pledge 24 carat gold for a loan. Since it is pure, lenders usually evaluate it based on today’s latest 24 carat gold rate to determine the eligible loan value and repayment terms.
What is the difference between 24 carat and 22 carat gold prices?
24 carat gold is completely pure, so its price is higher than 22 carat gold. Today’s 24 carat gold price reflects maximum purity, while 22 carat gold includes small impurities suitable for jewellery making.
How is 24 carat gold different from other purity levels?
24 carat gold is 99.9% pure and contains almost no alloy metals, making it ideal for coins, bars, and investments. Lower purity levels, such as 22K, 20K, and 18K, contain alloy metals that improve durability, making them better suited for jewellery.
What is the current 24 carat gold rate in India?
The 24 carat gold rate in India changes daily based on international gold prices, the USD-INR exchange rate, import duties, taxes, and domestic demand. Check the latest live gold rates before buying, investing, or applying for a gold loan, as prices may vary across cities and jewellers.
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Disclaimer
Bajaj Finance Limited (BFL) has the sole and absolute discretion, without assigning any reason to accept or reject any application as per BFL policy. *