Gold rates in India shift constantly based on global markets, import duties, and the rupee’s movement. As of May 2026, 24K gold is quoted at around ₹15,693 per gram according to Goodreturns (Indian financial news portal), though you’ll find variations across cities and jewellers. This guide breaks down the different weight units — gram, tola, and 10 grams — across purity levels so you can compare and convert with confidence.

4 related posts

24K Gold (per gram): ₹15,693 ·
22K Gold (per gram): ₹14,385 ·
1 Tola 24K: ≈ ₹182,800 ·
10 Grams 24K: ₹156,930

Quick snapshot

124K Gold
222K Gold
  • 91.6% purity – ₹14,385 / gram (Goodreturns)
  • Preferred for jewellery across India (Goodreturns)
31 Tola Gold
410 Grams 24K
  • ₹156,930 – common purchase unit
  • Check purity hallmark before buying

The table below summarises rates from multiple sources, providing a quick reference for different weights and purities.

Rates from multiple sources as of 16 May 2026. Source URLs embedded inline.
Purity / Weight Rate (₹) Source
24K per gram ₹15,693 Goodreturns
22K per gram ₹14,385 Goodreturns
18K per gram ₹11,770 Goodreturns
1 Tola 24K ≈ ₹182,800 Calculated using 11.66 g × ₹15,693
10 Grams 24K ₹156,930 Goodreturns
Date of update 16 May 2026 Various

The implication: these rates serve as a baseline but real-world buying includes jeweller margins and making charges.

What is the 24 carat gold price today in India?

24 carat gold, the purest form at 99.9% fineness, is the benchmark for investment. Published rates vary because of how each source aggregates data: some use MCX futures, others poll jewellers.

Why this matters

The gap between ₹14,744 and ₹18,524 means a buyer who picks a high-rate source could pay 26% more per gram. Always compare two or three independent rate aggregators before a purchase.

The pattern: the widest spread comes from sources that bundle services, not raw gold spot rates.

What is the 22K gold rate today in India?

22K gold (91.6% pure) is the standard for jewellery because it’s hard enough for intricate designs. Current rates:

  • Goodreturns: ₹14,385/gram (source)
  • Groww: ₹13,507/gram (source)
  • Moneycontrol (Mumbai): ₹15,729/gram (source)
  • Muthoot Finance 22 CT: ₹17,294/gram (source)

The implication: 22K typically trades 5-7% below 24K, but above ₹17,000 suggests additional premiums from the lender.

How to compare 22K and 24K prices

To convert a 24K rate to 22K, multiply by 0.916 (the gold content fraction). For example, ₹15,693 × 0.916 ≈ ₹14,380 — very close to the Goodreturns 22K figure. The trade-off: 22K jewellery incurs lower buying cost but also lower resale value because of alloy metals.

How much is 1 tola of gold in India?

The tola is a traditional South Asian weight unit still used in jewellery shops. One tola equals 180 troy grains, or precisely 11.6638 grams according to Muthoot Finance (NBFC). Many jewellers round to 11.66 g for simplicity, and some even round to 10 g for easy calculation — a practice flagged by the same source.

  • 24K tola price: ₹15,693 × 11.66 ≈ ₹182,800 (Goodreturns based)
  • Groww shows 1 tola (12 grams in its calculator) at ₹1,76,928 — note Groww uses 12 g per tola, which is not standard (source)
  • GoldPriceIndia reports 24K per tola at ₹185,235 (GoldPriceIndia (price aggregator))
The catch

A 10 % gap between Groww’s ₹1.77 lakh and GoldPriceIndia’s ₹1.85 lakh stems from different tola definitions. The buyer must confirm the gram equivalent with the seller before transacting.

What this means: the tola definition varies by source, so you cannot rely on a single price quote without checking the underlying weight.

Tola to grams conversion

GoldPriceIndia (price aggregator) provides the precise conversion: 1 tola = 180 troy grains = 11.6638038 grams. In practice, 11.66 g is the standard used by most Indian jewellers.

Tola price history

Without a dedicated dataset, we note that the tola price moves proportionally with the per-gram rate. In 2024, when 24K per gram crossed ₹6,000, a tola was roughly ₹70,000. By May 2026, it has more than doubled.

What is 10 grams of 24K gold worth in India?

Ten grams is a common purchase unit for small investors. At Goodreturns’ rate, 10 g of 24K = ₹156,930. GoldPriceIndia (price aggregator) shows ₹158,812 for 10 g — a 1.2 % spread that can add up on large buys.

  • 10 g 22K: ₹143,850 (Goodreturns) or ₹145,578 (GoldPriceIndia)
  • 10 g 18K: ₹117,700 (Goodreturns)

How to calculate for other purities: multiply the 24K 10 g rate by the purity fraction (0.916 for 22K, 0.750 for 18K).

Bottom line: Indian gold buyers face a real choice between 22K and 24K depending on purpose — jewellery (22K) or investment (24K). The 10‑gram price difference between 22K and 24K is about ₹13,000, which covers the cost of alloy while making ornaments.

The catch: a buyer of 100 g of 24K pays roughly ₹15.7 lakh, while 22K costs about ₹14.4 lakh. The ₹1.3 lakh saved on 22K must be weighed against its 8 fewer grams of pure gold.

What is Tola?

The tola (Hindi: तोला) originated in the Indus Valley as a unit of mass. It was standardized to 180 troy grains – 11.6638 grams. In modern India, it survives primarily in gold and jewellery transactions, especially in family jewellers.

  • Standard definition: 1 tola = 11.6638 g (Muthoot Finance (NBFC))
  • Many jewellers round to 10 g for convenience (Muthoot Finance notes this practice)

Is 1 Tola gold 10 grams?

No – precisely it is 11.66 g. The 10 g rounding is a shopfloor shortcut, not a conversion rule. Always ask whether the quoted “tola” means 10 g or 11.66 g, especially when comparing online vs offline rates.

How high will gold go in 2026?

Predicting gold prices is inherently uncertain. Analysts factor in inflation, interest rates, geopolitical tensions, and import duty changes. Rare directional signals emerge from World Gold Council reports and RBI policy statements.

What this means: even with a short‑term dip, the 2026 trend remains upward. A sustained break above ₹1,85,000 per tola would signal strong demand entering festive season. For investors, gold’s role as an inflation hedge in India remains intact.

Confirmed facts

  • Live daily rates are available from multiple sources: Goodreturns, Groww, Moneycontrol, Muthoot Finance
  • 1 tola = 11.6638 grams (accepted standard)
  • Gold is traded in INR per gram in the domestic market
  • The purity difference between 22K and 24K is 10.8 percentage points of gold content

What’s unclear

  • Exact future price of gold in 2026 – forecasts vary widely
  • Impact of geopolitical events on short-term rates cannot be predicted
  • The “true” spot rate differs across aggregators due to data source and update frequency

Related reading: Fonterra Milk Price Forecast 2026

Additional sources

vaibhavjewellers.com

For the most up-to-date figures, check live gold rates in India which track real-time market movements across major cities.

Don't miss these

Frequently asked questions

Why does gold price vary between cities in India?

Local taxes, transport costs, and jeweller margins create intra‑city spreads. Moneycontrol’s city table shows Delhi and Mumbai differ by as much as ₹21 per gram even for the same purity (Moneycontrol (financial news)).

Is gold a good investment in 2026?

Given persistent inflation and RBI’s cautious stance, gold remains a traditional hedge. However, all investments carry risk; gold’s price can correct.

How to calculate gold price per gram from 24K to 22K?

Multiply the 24K per‑gram rate by 0.916. Example: ₹15,693 × 0.916 = ₹14,374, close to the quoted 22K rate.

What is the gold import duty in India today?

The basic customs duty on gold bars was last revised to 15% in 2023, plus agriculture infrastructure development cess. Check the latest notification from the Ministry of Finance.

How often do gold prices change in India?

Domestic prices move multiple times a day during MCX trading hours (10 am to 5 pm). Jewellers typically revise rates once daily based on the previous day’s close and import cost.

Where can I check the official gold rate in India?

No single “official” rate exists. Trusted aggregators include Groww, Moneycontrol, Goodreturns, and the Indian Bullion and Jewellers Association (IBJA) website.

For the Indian gold buyer, the core takeaway is simple: know your weight unit and purity before you walk into a shop. The difference between a tola quoted at 10 g versus 11.66 g can cost you thousands. Check at least two independent sources — one financial portal and one jeweller — and always verify the hallmark. Your choice between 22K and 24K rests on a single trade-off: jewellery durability versus pure‑gold resale value. Act on rates, not on brand names.