Gold Price in India 2026 — 24K & 22K Rates Per Gram and Per 10g Today
Indian gold prices have crossed ₹15,000 per gram for 24K gold in 2026. We cover today's rates across major cities (Mumbai, Delhi, Chennai, Hyderabad), why prices differ by city, and how to read MCX gold rates.
Gold Price in India — April 2026
India is the world's second-largest consumer of gold, and Indian gold prices in 2026 have reached historic highs. With the international spot price near $4,750 per troy ounce and the USD/INR rate above ₹84, the 24-karat gold price in India is approximately ₹15,200–₹15,500 per gram, or roughly ₹1,52,000 per 10 grams.
These levels represent a near-doubling of the gold price in rupee terms compared to early 2024, driven by a combination of global gold price strength and moderate rupee depreciation.
Today's Gold Rate Across Major Indian Cities (April 2026)
| City | 24K per gram (INR) | 22K per gram (INR) | 24K per 10g (INR) |
|---|---|---|---|
| Mumbai | ~₹15,284 | ~₹14,010 | ~₹1,52,840 |
| Delhi | ~₹15,310 | ~₹14,030 | ~₹1,53,100 |
| Chennai | ~₹15,250 | ~₹13,980 | ~₹1,52,500 |
| Hyderabad | ~₹15,270 | ~₹13,995 | ~₹1,52,700 |
| Bangalore | ~₹15,260 | ~₹13,988 | ~₹1,52,600 |
| Kolkata | ~₹15,290 | ~₹14,015 | ~₹1,52,900 |
Rates include applicable GST and local taxes but exclude making charges. Check our live India gold price page for the most current rates.
Why Do Gold Prices Differ Across Indian Cities?
India's gold price is not uniform across cities. Differences arise from:
- State taxes and levies: Different states impose varying additional taxes on gold imports and retail sales above the national GST rate of 3%.
- Transport costs: Gold imported through Mumbai or Chennai port is subject to different logistics costs for distribution to inland cities.
- Local Jewellers Association rates: Each city's jewellers association sets a reference rate based on the Mumbai Bullion Association's rate plus local adjustments. Delhi typically runs slightly higher than Mumbai.
- Demand dynamics: Wedding season peaks in cities with higher concentration of weddings can briefly lift local prices above the Mumbai benchmark.
Understanding India's Gold Import Duty (2026)
India levies a total effective import duty of approximately 11% on gold, comprising:
- Basic Customs Duty (BCD): 6%
- Agriculture Infrastructure Development Cess (AIDC): 5%
- GST at the retail level: 3%
This 11% premium above the international spot price is one of the largest import duty burdens on gold globally, and it is a key reason why India's grey market (smuggled gold) remains significant. The official price Indian consumers pay is approximately 11% above what US or UAE buyers pay for the equivalent quantity of gold.
MCX Gold Rate vs International Spot Price
The Multi Commodity Exchange (MCX) in Mumbai is India's primary gold futures market. MCX gold is quoted in Indian Rupees per 10 grams for standard 1kg contracts. The MCX rate will differ from a simple FX conversion of the international spot because:
- MCX includes import duties and local taxes in its pricing basis
- MCX gold reflects the forward price (usually 1–3 months ahead), not the spot price
- Currency hedging costs are embedded in MCX quotes
For retail buyers at jewellers, the "today's gold rate" displayed is based on the Mumbai Bullion Association rate, which is effectively the MCX-equivalent spot price including duty.
India's Gold Demand in 2026
India's gold demand remains structurally robust despite record high prices:
- The Reserve Bank of India has been a consistent gold buyer, accumulating 822 tonnes total in its reserves as of early 2026 — reflecting the national policy of diversifying away from US dollar exposure.
- Wedding season demand (October–December and April–May) continues to be India's largest seasonal gold-buying event.
- Akshaya Tritiya (April 30, 2026) is expected to generate significant jewellery and coin buying demand despite high prices — cultural demand has proven relatively inelastic to price.
- Digital gold and Sovereign Gold Bonds (SGBs) are increasingly popular with younger urban buyers who want gold exposure without physical storage costs.
How to Calculate Gold Price in India
The formula Indian jewellers use:
Gold Price = (International Spot ÷ 31.1035) × Karat Purity × Weight (g) × USD/INR Rate × 1.11 (duties)
For example, at $4,750/oz and USD/INR of ₹84:
- 24K/gram international = ($4,750 ÷ 31.1035) = $152.70
- In INR = $152.70 × ₹84 = ₹12,827
- After 11% duty = ₹12,827 × 1.11 = ₹14,238 (approximate base rate before making charges)
Our India gold price page applies this calculation automatically and updates every hour.
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