v1.1.0 IBI Gold MinesKnow when gold is cheap · India Business International

Live gold price

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22K Gold · India916 hallmark · per gram
₹00,000/ gram
— 7d — 30d — 1y —
22K · per sovereign (8 g)
—
பவுன் · Tamil Nadu & Kerala convention
24K · per gram
—
999.9 fine · bullion benchmark
24K · per 10 g
—
IBJA benchmark unit
18K · per gram
—
750 · diamond jewellery
International spot
—
USD / troy oz · ₹/$ —
Silver · per kg
—
999 fine · derived

Rates are ex-GST bullion rates calibrated to the IBJA benchmark. Jewellers add making charges and 3% GST — see the calculator. Your jeweller's counter rate normally sits a little above the benchmark; set theirs under settings to match this page to them exactly.

Stack of 24K gold coins with the IBI dot emblem 24K coins · studio render, illustrative

Should I buy gold today?

Rule-based dip signal on the 24K INR price · not investment advice
Calculating…

    Buy zones — price levels worth waiting for

    Level24K ₹/g22K ₹/gvs now

    Price history & forecast

    24K gold, ₹ per gram, IBJA-calibrated

    Expected trend

    Statistical projection from the long-run drift and 1-year volatility, cross-checked with the 6-month momentum trend

    Does buying the dip work?

    Back-test of this signal on the last 10 years

    Gold coins & bars — what you'd pay today

    24K 999.9 · includes 3% minting premium + 3% GST

    Gold ornaments — indicative prices

    22K 916 hallmark · 12% making charge + 3% GST · typical weights
    Two gold bangles, a ruby ring and a gold chain

    What a piece really costs

    Jewellers bill the 22K metal at today's rate, add a making charge (value addition, usually 8–25%), sometimes a wastage charge, then 3% GST on the total. Hallmarked 916 jewellery exchanges back at the metal value only — the making charge is not recovered. The gallery below prices typical pieces with your settings.

    Jewellery price calculator

    The exact bill formula Indian jewellers use
    Estimated bill₹0

    Old-gold exchange value (what a jeweller typically pays for the same piece, before deductions): —

    Price alerts

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      Sources & method

      Every number on this page is derived from these

      IBJA benchmark (₹ per 10 g, ex-GST)

      DateSession999916Silver 999

      India Bullion and Jewellers Association — the rate the Government uses for Sovereign Gold Bonds. Refreshed twice on working days.

      How the price is built

      1. International spot — gold in USD per troy ounce (live: gold-api.com; history: COMEX GC=F via Yahoo Finance, settled closes only, so the day still trading is never stored as a close).
      2. Convert — ÷ 31.1035 g per oz × USD/INR (ECB reference rate via Frankfurter).
      3. Land it in India — add customs duty (6% since 23 Jul 2024; 15% before that; 10.75% before Jul 2022) — the schedule is applied date-by-date across the history.
      4. Calibrate — scale to the latest IBJA 999 rate so the level matches what Indian bullion actually trades at (factor shown below). This step is what makes the two dollar feeds interchangeable: the factor is a ratio, so any steady difference in level between them cancels out of the result.
      5. Purity — 22K = 91.6%, 18K = 75%. Jewellers add making charges (VA) and 3% GST on top.

      A jeweller's counter rate is normally a little above this benchmark, because it carries their local premium before making charges are added at all. That gap is real, not an error on either side. Enter their 22K rate in settings and every 22K figure here moves onto their quote.

      The buy signal

      Six standard technical checks are scored out of 100: RSI-14, distance from the 50- and 200-day averages, drawdown from the 52-week high, position inside the Bollinger band, and 20-day momentum. 70+ is a strong dip, 55–69 accumulate, 40–54 neutral (keep a monthly SIP), below 40 wait. The forecast band is a log-normal projection using the long-run drift and one year of daily volatility — it is a range of likely outcomes, not a prediction of a single price.