Gold Rates

2nd Jul 2025

Gold Rate today in India on 2nd Jul 2025 is Rs 9889 per gram for 24 Karat gold, Rs 9065 per gram for 22 Karat gold and Rs 7417 per gram for 18 Karat gold.

22K Gold/gram24K Gold/gram18K Gold/gram
Rs 9065 (+45)Rs 9889 (+49)Rs 7417 (+37)

Today 22 Karat Gold Rate in India (per gram in Rs)

GramTodayYesterdayChange
19065902045
87252072160360
109065090200450
1009065009020004500

Today 24 Karat Gold Rate in India (per gram in Rs)

GramTodayYesterdayChange
19889984049
87911278720392
109889098400490
1009889009840004900

Today 18 Karat Gold Rate in India (per gram in Rs)

GramTodayYesterdayChange
17417738037
85933659040296
107417073800370
1007417007380003700

Historic Gold Rates in India

Find daily historic Gold prices per gram in India below.

DATE22K24K18K
01-Jul-2025Rs 9020 (+105)Rs 9840 (+115)Rs 7380 (+86)
30-Jun-2025Rs 8915 (-15)Rs 9725 (-17)Rs 7294 (-12)
29-Jun-2025Rs 8930 (0)Rs 9742 (0)Rs 7306 (0)
28-Jun-2025Rs 8930 (-55)Rs 9742 (-60)Rs 7306 (-45)
27-Jun-2025Rs 8985 (-85)Rs 9802 (-93)Rs 7351 (-70)
26-Jun-2025Rs 9070 (0)Rs 9895 (0)Rs 7421 (0)
25-Jun-2025Rs 9070 (-25)Rs 9895 (-27)Rs 7421 (-20)
24-Jun-2025Rs 9095 (-135)Rs 9922 (-147)Rs 7441 (-111)
23-Jun-2025Rs 9230 (-05)Rs 10069 (-06)Rs 7552 (-04)
22-Jun-2025Rs 9235 (0)Rs 10075 (0)Rs 7556 (0)
21-Jun-2025Rs 9235 (+25)Rs 10075 (+28)Rs 7556 (+21)
20-Jun-2025Rs 9210 (-55)Rs 10047 (-60)Rs 7535 (-45)
19-Jun-2025Rs 9265 (+15)Rs 10107 (+16)Rs 7580 (+12)
18-Jun-2025Rs 9250 (+50)Rs 10091 (+55)Rs 7568 (+41)
17-Jun-2025Rs 9200 (-105)Rs 10036 (-115)Rs 7527 (-86)
16-Jun-2025Rs 9305 (-15)Rs 10151 (-16)Rs 7613 (-12)
15-Jun-2025Rs 9320 (0)Rs 10167 (0)Rs 7625 (0)
14-Jun-2025Rs 9320 (+25)Rs 10167 (+27)Rs 7625 (+25)
13-Jun-2025Rs 9295 (+195)Rs 10140 (+213)Rs 7600 (+155)
12-Jun-2025Rs 9100 (+80)Rs 9927 (+87)Rs 7445 (+65)
11-Jun-2025Rs 9020 (+75)Rs 9840 (+82)Rs 7380 (+61)
10-Jun-2025Rs 8945 (-10)Rs 9758 (-11)Rs 7319 (-8)
09-Jun-2025Rs 8955 (-25)Rs 9769 (-27)Rs 7327 (-20)
08-Jun-2025Rs 8980 (0)Rs 9796 (0)Rs 7347 (0)
07-Jun-2025Rs 8980 (0)Rs 9796 (0)Rs 7347 (0)
06-Jun-2025Rs 8980 (-150)Rs 9796 (-164)Rs 7347 (-123)
05-Jun-2025Rs 9130 (+40)Rs 9960 (+44)Rs 7470 (+33)
04-Jun-2025Rs 9090 (+10)Rs 9916 (+11)Rs 7437 (+8)
03-Jun-2025Rs 9080 (+20)Rs 9905 (+21)Rs 7429 (+16)
02-Jun-2025Rs 9060 (+140)Rs 9884 (+153)Rs 7413 (+115)
01-Jun-2025Rs 8920 (0)Rs 9731 (0)Rs 7298 (0)
31-May-2025Rs 8920 (0)Rs 9731 (0)Rs 7298 (0)
30-May-2025Rs 8920 (+25)Rs 9731 (+27)Rs 7298 (+20)
29-May-2025Rs 8895 (-40)Rs 9704 (-43)Rs 7278 (-32)
28-May-2025Rs 8935 (0)Rs 9747 (0)Rs 7310 (0)
27-May-2025Rs 8935 (-15)Rs 9747 (-17)Rs 7310 (-13)
26-May-2025Rs 8950 (-40)Rs 9764 (-43)Rs 7323 (-32)
25-May-2025Rs 8990 (0)Rs 9807 (0)Rs 7355 (0)
24-May-2025Rs 8990 (+50)Rs 9807 (+54)Rs 7355 (+40)
23-May-2025Rs 8940 (-35)Rs 9753 (-38)Rs 7315 (-28)
22-May-2025Rs 8975 (+45)Rs 9791 (+49)Rs 7343 (+37)
21-May-2025Rs 8930 (+220)Rs 9742 (+240)Rs 7306 (+180)
20-May-2025Rs 8710 (-45)Rs 9502 (-49)Rs 7126 (-37)
19-May-2025Rs 8755 (+35)Rs 9551 (+38)Rs 7163 (+28)
18-May-2025Rs 8720 (0)Rs 9513 (0)Rs 7135 (0)
17-May-2025Rs 8720 (0)Rs 9513 (0)Rs 7135 (0)
16-May-2025Rs 8720 (+110)Rs 9513 (+120)Rs 7135 (+90)
15-May-2025Rs 8610 (-195)Rs 9393 (-212)Rs 7045 (-159)
14-May-2025Rs 8805 (-50)Rs 9605 (-55)Rs 7204 (-41)
13-May-2025Rs 8855 (+105)Rs 9660 (+114)Rs 7245 (+86)
12-May-2025Rs 8750 (-295)Rs 9546 (-321)Rs 7159 (-155)
11-May-2025Rs 9045 (0)Rs 9867 (0)Rs 7400 (0)
10-May-2025Rs 9045 (+60)Rs 9867 (+65)Rs 7400 (+49)
09-May-2025Rs 8985 (-145)Rs 9802 (-158)Rs 7351 (-119)
08-May-2025Rs 9130 (+55)Rs 9960 (+60)Rs 7470 (+45)
07-May-2025Rs 9075 (+50)Rs 9900 (+55)Rs 7425 (+41)
06-May-2025Rs 9025 (+250)Rs 9845 (+272)Rs 7384 (+204)
05-May-2025Rs 8775 (+20)Rs 9573 (+22)Rs 7180 (+17)
04-May-2025Rs 8755 (0)Rs 9551 (0)Rs 7163 (0)
03-May-2025Rs 8755 (0)Rs 9551 (0)Rs 7163 (0)
02-May-2025Rs 8755 (-20)Rs 9551 (-22)Rs 7163 (-17)
01-May-2025Rs 8775 (-205)Rs 9573 (-224)Rs 7180 (-168)
30-Apr-2025Rs 8980 (0)Rs 9797 (0)Rs 7347 (0)
29-Apr-2025Rs 8980 (+40)Rs 9797 (+44)Rs 7347 (+33)

Gold in India: Tradition, Investment & Market Insights

Gold holds a unique place in India’s cultural, economic, and financial landscape. Revered not only as a precious metal but also as a symbol of wealth, prosperity, and tradition, gold in India transcends generations. From weddings and festivals to investment portfolios, the demand for gold remains strong throughout the country.

Cultural Significance of Gold in India

Gold in India is deeply embedded in religious and social traditions. It is considered auspicious and is often used in the form of jewelry, coins, and idols during festivals like Diwali, Dhanteras, Akshaya Tritiya, and Durga Puja. Weddings in India are another major driver of gold purchases, with brides often adorned in elaborate gold jewelry—a symbol of familial wealth and blessings.

Key Cultural Highlights:

  • Weddings: Estimated to account for over 50% of India’s annual gold consumption.
  • Festivals: Dhanteras and Akshaya Tritiya are especially popular for purchasing gold.
  • Inheritance: Gold is passed down through generations as a legacy asset.

Gold as an Investment

Apart from its cultural relevance, gold serves as a reliable investment in India. It is seen as a hedge against inflation, a safe-haven asset during economic uncertainty, and a liquid asset that can be easily converted into cash.

Popular Investment Options:

  1. Physical Gold: Jewelry, coins, and bars.
  2. Digital Gold: Purchased online and stored in secure vaults.
  3. Gold ETFs (Exchange-Traded Funds): Traded on stock exchanges.
  4. Sovereign Gold Bonds (SGBs): Issued by the Government of India with added interest benefits.
  5. Gold Mutual Funds: Invest in gold mining companies and ETFs.

Gold Market in India

India is the second-largest consumer of gold in the world, after China. The Indian gold market is largely driven by consumer demand, especially from the rural population, which sees gold as a store of wealth.

Key Market Facts:

  • Imports: India imports a significant portion of its gold demand, affecting its trade balance.
  • Regulation: The gold market is regulated by bodies like the RBI and SEBI, with import duties and GST playing major roles in pricing.
  • Price Factors: International gold prices, currency fluctuations, import duties, and local demand influence gold prices in India.

Gold Rates in India

Gold prices in India vary by city due to differences in transportation costs, local taxes, and demand. Gold Prices are generally quoted per 10 grams for 24K (pure) and 22K (popular for jewellery) gold.

Sample Pricing Components:

  • Base Price: Aligned with international markets.
  • Import Duty: Currently around 12.5% (subject to change).
  • GST: 3% on gold purchases.
  • Making Charges: Vary from 8–25%, depending on design and jeweler.

Government Initiatives & Reforms

To reduce dependency on imports and bring transparency to the sector, the Indian government has introduced several initiatives:

  • Hallmarking: Mandatory hallmarking of gold jewelry ensures purity and standardization.
  • Gold Monetization Scheme (GMS): Encourages individuals and institutions to deposit idle gold with banks.
  • Sovereign Gold Bond Scheme: Offers investors an alternative to physical gold with added interest.

Challenges in the Gold Sector

Despite its popularity, the gold market in India faces several challenges:

  • High import dependency impacts trade deficits.
  • Price volatility due to global factors.
  • Lack of awareness about digital and paper gold options.
  • Informal sector dominance, leading to lack of transparency.

Future Outlook

With rising incomes, urbanization, and financial literacy, the way Indians invest in gold is evolving. Digital and paper gold instruments are gaining traction among younger, tech-savvy investors, while traditional gold jewelry continues to hold cultural value. Reforms aimed at enhancing transparency and reducing reliance on imports could further strengthen India’s gold economy.

Frequently Asked Questions on Gold

Why is gold more expensive in India compared to international markets?

Due to import duties, GST (Goods and Services Tax), and making charges by jewellers, gold in India costs more than global prices.

What are the different types of gold purity levels?

24 Karat (99.9%): Purest, but too soft for jewellery. 22 Karat (91.6%): Common in jewellery. 18 Karat (75%): Durable, used in designer jewellery. 14 Karat (58.5%): Budget friendly and durable.

How is gold tested for purity in India?

Gold is tested using carat meters, acid tests, and X-ray fluorescence (XRF). Always look for the BIS Hallmark, which certifies purity.

What is BIS Hallmark gold?

It’s a government certification provided by the Bureau of Indian Standards indicating that gold meets specific purity and quality standards.

What taxes are applicable when buying gold in India?

3% GST on gold value, 5% GST on making charges (if applicable) and Import duty (15% as of 2025)

Is it better to buy physical gold or invest digitally?

Physical gold is ideal for gifting, weddings, or traditional purposes. Digital gold, ETFs, and Sovereign Gold Bonds (SGBs) are better for investment (no storage hassle, safer, and may offer interest).

What are Sovereign Gold Bonds (SGBs)?

SGBs are government securities backed by gold. They eliminate storage risks, offer 2.5% annual interest and are tax-free on redemption.

Can I buy gold online in India?

Yes. Trusted platforms like Paytm, PhonePe, MMTC-PAMP, and Tanishq Digital Gold allow purchases starting from Rs 1.

Is gold a good investment in India?

Yes, as a hedge against inflation, gold provides portfolio stability, especially in volatile markets.

How can I sell my old gold jewellery?

You can sell it to Gold recycling platforms (make sure to verify weight and purity independently), Jewellery shops (with proper invoice) and Gold buying companies.

What is gold recycling?

It’s the process of selling or exchanging old gold (jewellery or coins) for cash or new items. It’s gaining popularity due to high prices.

Why does gold demand surge during Indian festivals?

Gold is associated with prosperity. During Akshaya Tritiya, Dhanteras, and Diwali, people believe buying gold brings good fortune.

Can I take a loan against my gold?

Yes. Banks and NBFCs offer gold loans based on weight and purity. It’s a quick and easy way to access funds without selling the asset.

Is gold insured in India?

Jewellery insurance is available to protect against theft or damage. Bank lockers storing gold can also be insured separately.

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