24K Gold Rate in India (1gm) on 22-Jun-2025

Introduction

India ranks as the 2nd largest Gold Consumer in the world. However, there are numerous factors which influence and fluctuate the rate of Gold. The gold rate varies state to state based on making charges, transportation cost, wastage charges and other local reasons. Also, there can be a fluctuation in the rate of gold in the country due to some tax implication such as Import duty, GST, TDS, etc.

It is important to check the purity of gold before making any purchase or investment. In India, The India Bullion Association decides the purity and rate of Gold. You can use the Gold Rate Calculator in order to know the exact rate of Gold everyday.

Gold Price Today

Gold is considered as a favourable asset and also a great investment for future use. But the fluctuation in Gold price makes it harder to determine the exact value. You can use this Gold Price Calculator which shows the exact rate of gold for every single date. Just enter the required date, and you will get the exact rate of gold in seconds.

Reasons for Fluctuation in Gold Rate

There is always a fluctuation in the rate of Gold. There are various factors which influence the rate of gold from domestic to international events. These fluctuation reasons are as follow:

1. GST Implication: GST is one of the reasons for fluctuation in Gold Rate. It simplified the tax structure by replacing multiple tax systems but increased the cost of gold for buyers from 2% (1% of service tax & 1% of VAT) to 3% (1.5% CGST & 1.5% SGST). It also raised the cost of gold jewellery due to the 5% GST on making charges.
2. Custom Duty: In the recent union budget, the government’s decision to cut import duty on gold led to a dip in price. The custom duty on gold fell from 15% to 6% which made a vital impact in the price drop of gold. Hence, the reduction or rise in custom duty is an important factor for fluctuation in gold.
3. Interest Rate: If you're buying gold on loan, interest rate can be one of the factors for fluctuation in gold rate. Simply, the rise in interest will increase the cost of Gold.
4. Impact of TDS: If you’re purchasing gold worth more than ₹1 lakh, then 1% TDS will be imposed on the cost which will fluctuate the Gold Rate. However, this amount can be adjusted against the annual tax liability.
5. Demand and Supply: Demand and Supply is one of the factors of fluctuation of gold price. Rise or fall in demand & supply of gold jewellery, coins and bars can adversely affect the rate of Gold in the market. It can fluctuate the price from low to high or vice-versa.
6. US Federal Reserve Interest: Change in US currency can influence the rate of Gold. In simple words, an increase in the US dollar rate will increase the gold price and a decrease in the US dollar rate will decrease the gold price.
7. Political Concern: Gold is considered as the safest investment across the border. However, political issues can affect the price of gold. In recent scenarios, the Russian wars and the Syria attack had previously caused market fluctuations.
8. Local Factors: There are some local factors which affect the prices of gold. These reasons include transportation charges, making charges, etc.

Types of Gold | 24K, 22K, 18K & 14K

There are certain major difference between

Things to consider before buying Gold in India

Gold can be purchased in India from various sources or outlets like jewellery stores or showrooms. But before buying Gold from any outlet keep these things in your mind, it will help you in certain ways:

1. Purity of Gold: One carat of gold is equal to 4.2% pure gold. So, 99.9% pure gold is considered as 24 carat gold and 91.6% pure gold is considered as 22 carat gold. So, before buying Gold, it is important to check the purity of gold.
2. Making Charges: The cost of making the jewellery is considered as Making Charges. There is no specific making charges rate. It is important to check the making charges rate before you make a purchase. It would be suggested to opt for fixed making charges so that it will reduce the total cost.
3. Man made or machine made jewellery: Before buying any gold jewellery check whether it is man made or machine made jewellery. It is important to consider as the making charges of machine made jewellery is comparatively less than man made jewellery. It will help you in reducing the total cost.
4. Measure the Weight: To make gold jewellery more attractive, precious gems and stones such as ruby, emerald and diamond are incorporated into gold. It is important to keep in mind, you have to pay for gold and gem weight separately at the time of buying studded jewellery.
5. Sales: During Festival seasons or wedding seasons, the demand for gold jewellery is comparatively high, which makes the price high. It would be advised to purchase the gold during the off season to avoid high prices.
6. Buybacks: Buyback is a process of buying gold in exchange for old jewellery. Most of the jewellery stores offer this option. It is important to check the actual weight of the jewellery before giving it to the store for an exchange.
7. Jewellery Store: There are different sizes of stores to buy gold jewellery either small or big. It would be advised to buy gold from branded stores rather than small stores as there are chances of getting less pure gold. Also, big stores offer trending and new style jewellery.

How to determine the purity of Gold?

It is important to determine the purity of Gold and one can do that in multiple ways. Following are the methods to determine the purity of Gold:

1. Hallmark Gold or BIS: The most common method to determine the purity of gold is Hallmarking. It is completed under the Bureau of Indian Standard (BIS). BIS marking include 4 major parts which are BIS mark, Hallmarking Centres Identification Number, Jeweller Identification Number & Purity in Carats
2. Magnetic Method: One of the common methods involves the use of a magnet. A pure Gold of 24 carat does not include any other metal and hence it does not have any magnetic property.
3. Streak Method: When one gold piece is rubbed with another, it leaves a streak. This method is considered as the best method to check 24 carat purity of gold.
4. Carat Checking Machine: Nowadays, Carat checking machines have become a popular choice among jewellers, they are using these machines widely to determine the purity of gold.

Conclusion

Gold Price in India fluctuated due to many reasons. One can check the price of Gold with Gold Price Calculator for a specific date. However, Gold can be categorised in certain groups such as 24 carat containing 99.9% gold, 22 carat containing 91.6% gold, 18 carat containing 75% gold and 14 carat containing 58.3% gold.

There are various methods to distinguish these gold such as magnetic method, streak method, etc. Price of Gold in India can be affected due to local reasons as well depending on the transportation cost, making charges, etc. Also, there are certain tax implications by the government which fluctuate the Gold Rate such as GST, Custom Duty, TDS, etc. It would be recommended to keep these points in mind to avoid extra pays.

Frequently Asked Questions (FAQs)