Gold in India is sold by the gram, and the rate moves every day with global prices and the rupee. As of June 2026, the gold rate in India is about Rs 1,47,239 per 10 grams for 24 karat gold and around Rs 1,34,969 per 10 grams for 22 karat, with small variations from city to city. After a record-breaking run earlier in 2026, the rate has eased from its peak but remains historically high.
For buyers, the headline rate is only part of the cost. GST and making charges sit on top, so the final bill for jewellery is always higher than the quoted gold price.
Gold Rate by City and Carat
Rates vary a little across India because of local taxes, transport, and jeweller margins. Here is a snapshot of 24K rates from June 20, 2026.
| Region | 24K gold (per 10g) |
|---|---|
| India (average) | Rs 1,47,239 |
| Delhi | Rs 1,46,180 |
| Tamil Nadu (highest) | Rs 1,48,030 |
| Telangana (lowest) | Rs 1,45,850 |
The spread between the highest and lowest city is only around Rs 2,000 per 10 grams, so where you buy matters less than when you buy and what you pay in making charges.
Why the Rate Moves
The Indian gold rate is set by three big forces. The international gold price, quoted in dollars per ounce, is the biggest driver, and it has been falling in mid-2026 as the US Federal Reserve turned hawkish and the dollar strengthened. When the global price drops, Indian rates tend to follow.
The second force is the rupee. Since India imports most of its gold, a weaker rupee makes gold more expensive in rupee terms even if the dollar price is flat. A falling rupee can keep Indian gold prices high even when global gold is sliding, which is why the local rate has held up better than the dollar price this year.
The third is duties and local demand. Import duty sits in the price, and demand spikes during the festival and wedding seasons can nudge rates and premiums higher. Together these explain why the rate you see changes daily.
What It Means for Buyers
For jewellery buyers, the key is to look past the headline rate. A 3% GST and making charges of anywhere from 8% to 25% mean your final cost is well above the quoted gold price, so comparing making charges between jewellers matters as much as the gold rate itself. Coins and bars carry lower making charges than intricate designs.
For investors who want gold purely as an asset rather than as jewellery, paying making charges on physical gold is inefficient. Options like Gold ETFs, Sovereign Gold Bonds, and digital gold track the gold price without the markup, which is why many investors separate their "gold to wear" from their "gold to invest." Our guide on how to invest in gold in India compares those options in detail, and you can track the global driver on our gold price today page.
What To Watch
The first thing to watch is the international gold price, since it sets the direction for Indian rates. A rebound in global gold, or a further fall, will show up in your local rate within a day.
The second is the rupee. A sharp move in the rupee can swing Indian gold rates independently of global prices, so currency news matters for gold buyers too.
The third is the season. Wedding and festival demand can lift premiums and making charges, so timing a large purchase outside peak demand can save money.
Gold remains a cornerstone of Indian savings, and at about Rs 1.47 lakh per 10 grams it is still near historic highs despite the recent pullback. Whether you are buying to wear or to invest, knowing the live rate, the carat, and the charges on top is the difference between a good deal and an expensive one.