India · Bangalore · 31 May 2026 · Market closed (weekend)
Computed for Bangalore
| Purity | 8 g | 10 g | 100 g |
|---|---|---|---|
24K999 fine | ₹1,25,168.21 | ₹1,56,460.27 | ₹15,64,602.66 |
22K916 hallmark | ₹1,14,737.95 | ₹1,43,422.43 | ₹14,34,224.32 |
18K750 hallmark | ₹93,876.16 | ₹1,17,345.20 | ₹11,73,451.99 |
Verify metal cost, wastage, making & GST
Open the full gold, silver & platinum jewellery calculator to switch metal and city.
Difference is vs. previous trading day
| Date | 24K | 22K |
|---|---|---|
31 May 2026 Sunday | ₹15,646.03(-57.97) | ₹14,342.24(-53.14) |
30 May 2026 Saturday | ₹15,704.00(-60.00) | ₹14,395.39(-55.00) |
29 May 2026 Friday | ₹15,764.00(+158.00) | ₹14,450.39(+144.83) |
28 May 2026 Thursday | ₹15,606.00(-223.00) | ₹14,305.55(-204.42) |
27 May 2026 Wednesday | ₹15,829.00(-60.00) | ₹14,509.97(-55.00) |
26 May 2026 Tuesday | ₹15,889.00(-49.00) | ₹14,564.97(-44.92) |
25 May 2026 Monday | ₹15,938.00(+32.00) | ₹14,609.89(+29.33) |
Source: IBJA AM/PM reference fix · published twice daily · methodology
24K · INR per gram · Bangalore · always shows latest, independent of selected date
Same IBJA base · local premium applied
Today’s gold rate in Bangalore (31 May 2026) is ₹15,646.03 per gram for 24K (999 fine) and ₹14,342.24 per gram for 22K (916 hallmark — the standard for Indian jewellery). 18K (750 hallmark) is also published above for gemstone-set pieces.
Prices on this page are derived from the Indian Bullion and Jewellers Association (IBJA) reference fix, adjusted for the Bangalore city premium. They cover the metal value only — wastage, making charges and GST are added separately by your jeweller. The jewellery bill calculator above itemises a full retail invoice.
Indian gold rates track the international spot price set in USD on the London Bullion Market (LBMA) and COMEX. That base is converted to INR using the daily exchange rate, then import duty (currently 6%) and GST (3%) are layered on. IBJA publishes a domestic fix twice each business day at 12:00 and 17:00 IST, which most retail jewellers and banks use as their reference rate.
Day-to-day, the headline drivers are: the dollar index (a weaker dollar usually lifts gold), real US interest rates (gold competes with Treasury yields), central-bank buying (notably the People’s Bank of China and the RBI), and physical demand from India and China during the Diwali, wedding and Chinese New Year seasons. Geopolitical shocks tend to add a short-lived safe-haven premium.
City-level differences within India are small — typically under 1% — and reflect local transport, financing and dealer margins. Chennai is historically the highest by a small margin; Mumbai, Bangalore and Hyderabad sit closest to the national base rate.
24K (999 fine) is pure gold and the format of choice for coins, bars and digital gold — it preserves the full metal value at the IBJA rate. It is too soft for everyday jewellery and dents easily.
22K (916 hallmark) is 91.6% gold alloyed with copper or silver for hardness. It is the Indian jewellery standard — almost all hallmarked rings, chains and bangles are 22K. Hallmarking is administered by the Bureau of Indian Standards (BIS) and has been mandatory on gold jewellery sold in India since April 2023.
18K (750 hallmark) is 75% gold and is preferred for diamond and gemstone settings because it holds prongs more securely. It is also the standard for branded designer jewellery.
Every jewellery bill in India has the same four components stacked on top of each other. Understanding the order is what stops you from being over-charged:
Suppose you’re buying a 10 g 22K chain. The IBJA 22K rate today is, say, ₹9,000/g. Metal cost is ₹90,000. With 10% wastage that’s ₹9,000, and 12% making on (metal + wastage) is ₹11,880. GST is 3% on (metal + wastage) = ₹2,970 and 5% on making = ₹594. Total: ₹1,14,444.
If the bill the jeweller hands you reads ₹1,20,000 for the same piece, the difference (₹5,500+) is unexplained — typically it’s higher wastage or making than what was verbally quoted. Asking for the breakdown line by line, with the calculator open on your phone, almost always settles it.
Today's 24K gold rate in Bangalore is ₹15,646.03 per gram and 22K is ₹14,342.24 per gram.
24K is 99.9% pure gold (also called 999 fine) and is used for coins and bars. 22K is 91.6% pure (the 916 hallmark) and is the standard for Indian jewellery because pure 24K is too soft to hold a setting. 18K is 75% pure (750 hallmark) and is preferred for diamond and gemstone jewellery for its added strength.
Indian gold rates move with the international spot price (set in USD on the London and COMEX markets), the USD-to-INR exchange rate, import duty, GST, and daily demand from jewellers and bullion banks. The Indian Bullion and Jewellers Association (IBJA) publishes a fix twice each business day that most domestic retailers use as a reference.
The BIS (Bureau of Indian Standards) hallmark is a six-digit alphanumeric code stamped on jewellery to certify its purity. A 916 stamp confirms 22K, 750 confirms 18K, and 999 confirms 24K. Since April 2023, BIS hallmarking is mandatory for gold jewellery sold in India.
No. Each city applies a small local premium on top of the IBJA reference price to cover transport, financing, and dealer margins. Chennai is historically the highest by a small margin; Mumbai, Bangalore and Hyderabad are typically closest to the national base.
No. The rate on this page is the metal value per gram only. Jewellery purchases also attract wastage (typically 5–12%), making charges (8–25%) and GST (3% on gold value, 5% on making). Use the bill verification calculator to itemise a complete jeweller's bill.
For pure investment, 24K coins or bars (or digital gold) preserve the full metal value and are easier to liquidate at the IBJA rate. 22K is meant for jewellery; resale value usually deducts wastage and making charges, so it is a less efficient investment vehicle.
Pick the purity (22K, 24K or 18K) on the slider, enter the gold weight, and tap "Use today's rate" to fill in the per-gram price for the city the page is showing. Then add the wastage percentage, making charges, and GST rates from your bill — the calculator itemises metal cost, wastage, making, and GST, and shows the total. Compare it line by line with the bill the jeweller has handed you.
Wastage is the gold that is lost while shaping the jewellery (cutting, melting, polishing). Jewellers add it as a percentage of the metal weight — typically 5–12% for machine-made designs and up to 25% for handmade or intricate pieces. It is added to the metal cost before making charges and GST are applied.
Making charges cover the jeweller's labour and design fee. They are quoted either as a flat percentage of the metal value (often "with wastage", i.e. on metal + wastage) or as a fixed amount per gram. Branded retailers tend to charge 10–20%; local jewellers vary widely. The calculator supports both bases.
GST is 3% on the gold value (metal + wastage) and 5% on the making charges. The calculator splits these out so you can see exactly how much tax is being levied on each component.
The page rate is the per-gram metal value at the standard purity. A jewellery bill adds wastage, making charges, and GST on top — these are often 15–30% of the final price. Use the calculator to estimate what your bill should look like before you walk into the showroom.
The purity selector (22K = 916, 24K = 999, 18K = 750) corresponds directly to the BIS hallmark stamps. Always cross-check the stamp on the piece against the purity you are billed for — you are entitled to the purity you pay for.
