Gold Rate in India – Today’s 24K and 22K Prices in Major Cities

Gold prices in India continued their upward trajectory on March 12, 2026, with 24-karat gold trading at ₹16,331 per gram and 22-karat gold at ₹14,970 per gram. The gains reflect ongoing volatility in the precious metals market following a sharp correction earlier in the month.

According to commodity data from Good Returns, pure gold (99.9% purity) added ₹93 per gram compared to the previous trading session. Standard jewelry-grade 22-karat gold rose by ₹85 per gram. The Indian Bullion and Jewellers Association (IBJA) quotes 24-carat gold at ₹160,230 per 10 grams, as reported by Times Now.

These movements come as the market recovers from a significant downturn in early March, when rates plummeted nearly ₹11,000 from recent peaks. Over the broader 30-day window, however, bullion maintains a positive trajectory, climbing 4.19% from February lows, according to BankBazaar historical data.

What is the gold rate in India today?

Standardized rates across the country show consistent pricing for pure gold, though slight variations emerge when comparing bullion association figures with retail market indicators. The IBJA benchmark for 10 grams of 24-carat gold stands at ₹160,230, while per-gram trading figures hover near ₹16,331.

24K Gold (10g)
₹160,230
IBJA All India

22K Gold (10g)
₹149,700
Major Cities Average

Daily Change
+₹93 (24K)
+₹85 (22K)

7-Day Trend
Recovery Phase
+4.19% Monthly

Key indicators from today’s trading session reveal several critical data points:

24-karat gold gained ₹93 per gram, settling at ₹16,331
22-karat gold increased ₹85 per gram to reach ₹14,970
18-karat gold (75% purity) trades at ₹12,248 per gram, up ₹69
Delhi markets show 10 grams of 22-carat gold at ₹1,48,850, marking a ₹1,090 gain
Early March correction erased nearly ₹11,000 from peak valuations
February 2 marked the 30-day low at ₹14,055 per gram for 24-karat gold

Purity Level	Gold Content	Price per Gram	Price per 10g	Daily Movement
24 Karat	99.9%	₹16,331	₹163,310	+₹93
22 Karat	91.6%	₹14,970	₹149,700	+₹85
18 Karat	75.0%	₹12,248	₹122,480	+₹69
14 Karat	58.3%	~₹9,500	~₹95,000	Variable

Gold rates across major Indian cities

Metropolitan markets display subtle but significant variations in bullion pricing. While Mumbai, Bangalore, Hyderabad, and Kolkata maintain synchronized rates, Delhi and Chennai diverge from the national baseline.

Delhi markets

The capital commands a slight premium over western and eastern metros. Delhi-specific trading data indicates 10 grams of 22-carat gold costs ₹1,48,850, while the same quantity of 24-carat gold retails at ₹1,62,370. These figures represent substantial single-day gains of ₹1,090 for 22-karat quantities.

Mumbai and Western India

Maharashtra’s financial center aligns with the broader national average, listing 24-karat gold at ₹16,331 per gram and 22-karat at ₹14,970. Bangalore, Hyderabad, and Kolkata mirror these exact figures, suggesting strong arbitrage mechanisms across western and southern exchanges.

Chennai and Southern premiums

Tamil Nadu’s capital consistently records the highest rates among tracked cities. Chennai trades 24-karat gold at ₹16,495 per gram and 22-karat at ₹15,120, representing a ₹164 premium over Mumbai for pure gold. Local demand dynamics and logistical factors likely contribute to this differential.

City Rate Variation

Chennai maintains the highest gold rates among major Indian metros, with 24-karat gold trading ₹164 per gram above Mumbai prices. Most other cities including Bangalore, Hyderabad, and Kolkata track Mumbai’s pricing exactly.

How have gold rates moved recently?

The preceding ten days reveal extreme volatility, with intraday swings exceeding ₹300 per gram during the first week of March. Prices peaked near ₹17,051 on March 2 before entering a sharp correction phase.

March 11, 2026: 24K at ₹16,331 (+93), 22K at ₹14,970 (+85)
March 10, 2026: 24K at ₹16,238 (+70), 22K at ₹14,885 (+65)
March 9, 2026: 24K at ₹16,168 (-196), 22K at ₹14,820 (-180)
March 8, 2026: 24K at ₹16,364 (no change), 22K at ₹15,000 (no change)
March 7, 2026: 24K at ₹16,364 (+251), 22K at ₹15,000 (+230)
March 6, 2026: 24K at ₹16,113 (-175), 22K at ₹14,770 (-160)
March 5, 2026: 24K at ₹16,288 (-163), 22K at ₹14,930 (-150)
March 4, 2026: 24K at ₹16,451 (-311), 22K at ₹15,080 (-285)
March 3, 2026: 24K at ₹16,762 (-289), 22K at ₹15,365 (-265)
March 2, 2026: 24K at ₹17,051 (-258), 22K at ₹15,630 (-235)

Source: Good Returns and BankBazaar

What do we know for certain?

Verified data establishes current pricing with high confidence, though several market dynamics remain unspecified in available sources.

Established Information	Uncertain Factors
24K gold at ₹16,331/gram (Good Returns)	Current MCX futures correlation
IBJA 10g benchmark at ₹160,230	Specific RBI policy impacts
City-wise rates for 6 major metros	Global spot price differentials
30-day low of ₹14,055 (Feb 2)	Future volatility predictions
March correction of ₹11,000	Import duty adjustments

22K vs 24K gold prices explained

The variance between 22-karat and 24-karat pricing reflects fundamental differences in metal composition and intended use. Pure 24-karat gold contains 99.9% gold content, making it softer and less suitable for intricate jewelry requiring structural integrity.

Purity and pricing structure

Current spreads show approximately ₹1,361 per gram separating 24-karat and 22-karat metals. This 9.1% price differential roughly corresponds to the purity gap, though making charges and alloying metals introduce additional variables in retail transactions.

Investment versus ornamentation

Investors targeting pure bullion typically favor 24-karat coins and bars, while consumers purchasing wearable gold default to 22-karat standards. The current rates place entry-level jewelry purchases at nearly ₹15,000 per gram before craftsmanship premiums.

Purity Standards

24-karat gold (99.9% pure) trades at ₹16,331 per gram, while 22-karat (91.6% pure) commands ₹14,970. The Bureau of Indian Standards mandates hallmarking to verify these purity claims at the retail level.

What factors affect gold rates in India?

Domestic gold pricing responds to a complex interplay of currency fluctuations, import duties, and seasonal demand patterns. The recent volatility—characterized by a March correction followed by rapid recovery—illustrates the sensitivity of local markets to external shocks.

Currency exchange rates significantly impact landed costs, as India relies heavily on bullion imports to satisfy domestic demand. When the rupee weakens against the dollar, import costs escalate, typically pushing local prices higher. Conversely, rupee strength can moderate domestic rates even when international dollar-denominated gold remains stable.

However, specific data regarding current Reserve Bank of India policy impacts, Multi Commodity Exchange (MCX) futures correlations, and real-time global spot price comparisons were not available in verified trading data. Market participants should consult additional financial sources for comprehensive macroeconomic analysis.

Data Limitations

Current verified sources do not include detailed MCX futures data, specific RBI monetary policy impacts on bullion, or comprehensive global price comparison matrices. Traders should verify these factors through authorized commodity exchanges before making significant investment decisions.

Understanding the pricing infrastructure

India’s gold market operates through a decentralized network of bullion associations, jewelers, and commodity exchanges. The Indian Bullion and Jewellers Association publishes reference rates that serve as benchmarks for retail transactions across the country. These rates typically update twice daily, reflecting morning and afternoon trading sessions.

Local variations emerge from transportation costs, state-level taxes, and municipal levies. Chennai’s persistent premium likely stems from regional demand intensity and supply chain logistics specific to Tamil Nadu markets. For those considering precious metals as portfolio diversification, understanding these structural elements proves essential. Consult our gold investment guide for deeper analysis of acquisition strategies.

Sources and verification

Rate aggregation relies on multiple authoritative sources. The Indian Bullion and Jewellers Association provides institutional benchmarks, while daily market trackers monitor retail movements across major cities.

“24-carat gold is priced at ₹160,230 per 10 grams according to current IBJA standards.”

— Indian Bullion and Jewellers Association, via Times Now

Additional verification comes from commodity tracking services and financial data providers monitoring the recent market correction and recovery patterns.

Current market summary

Gold maintains bullish positioning at ₹16,331 per gram for 24-karat purity, recovering from early March losses that temporarily erased significant value. The 4.19% monthly gain from February lows suggests underlying demand strength despite short-term volatility. Investors monitoring precious metals should compare these rates with current silver valuations when allocating resources across commodity classes.

Frequently asked questions

How often do gold rates change in India?

Gold prices typically update twice daily based on Indian Bullion and Jewellers Association announcements and international spot rate movements. Retail jewelers may adjust prices hourly during periods of extreme volatility.

Why are gold rates higher in Chennai than Mumbai?

Chennai consistently shows ₹150-200 per gram premiums due to regional demand patterns, logistical costs, and local market dynamics. Southern markets often exhibit stronger physical demand during festival seasons.

What caused the March 2026 gold price correction?

Specific catalysts for the early March drop remain unspecified in available data, though the market fell nearly ₹11,000 from peaks before recovering. General factors often include profit-booking, currency movements, and global liquidity shifts.

Is 24K gold better for investment than 22K?

Pure 24K gold contains higher gold content (99.9% vs 91.6%) and typically commands better resale value for investment purposes. However, 22K offers durability for jewelry while retaining most intrinsic value.

Where can I verify live gold rates today?

Live rates appear on the Indian Bullion and Jewellers Association website, commodity tracking portals like Good Returns, and major financial news outlets. Physical jewelers display current rates prominently in showrooms.