Here is an overview of the gold rates in India today for 14k, 18k, and 24k, including current rates and recent trends. For more updates, check India Focus Daily news and also know more about todays Currency Exchange rates.
Understanding Karats / Purity
- 24 karat gold is considered “pure” gold containing 99.9 % gold content. It is soft and less suited for everyday jewellery that undergoes wear and tear.
- Lower carats, such as 18 karat, contain 75% gold and 25% alloy metals, or 14 karat contains 58.3% gold and 41.7% alloy. It adds strength and durability but reduces the gold content.
- Hence, the price per grams of 24> 18k>14k (all else equal)
To convert, we can use a ratio based on gold purity. For example, if 24 is Rs X per gram, the 18k ideally should be x * (18/24) =0.75x (ignoring other costs), and 14k would be x * (14/24) ~~ 0.583x.
However, the real-world pricing also includes making charges, wastage, taxes (GST, etc.,) and jeweller margins so that the actual difference may deviate somewhat from the pure proportional rule.
Gold Rates in India Today (Indicative)
As of the latest published rates (for example, in Chennai):
- 24 k gold is about Rs 11,466 per gram
- 22 k gold (often used in Indian hallmarked jewellery) is at Rs 10,510 per gram
- 18 k gold is quoted at Rs 8,700 per gram in the same city
These are city-level rates and can differ from region to region due to local taxes, transportation, local demand, and jeweller markups.
If one wants to estimate 14 k in that same city from pure gold content proportion:
- Taking 24 k at Rs 11, 466, 14 k pure-content proportion would suggest 14/24 * 11, 466 = Rs 6,687 (approx.)
- But actual sellable 14 k jewellery will likely cost more, due to additional charges and margins.
It is worth noting that many mainstream Indian gold-rate sources report 22 k and 24 k; 14 k is less common in mainstream Indian jewellery markets (e.g., many websites do not list 14 k) because Indian jewellery is more often in 18 k or 22 k. (Some sources list 14 k in global or specialized contexts).
Recent Trends & Drivers
- Price peaks / all-time highs
Gold rates in India have hit record highs recently. For example, in Delhi, 10 g of gold reached Rs 1,13,100.
In many cities, gold is breaking new levels due to global demand, safe-haven flows, inflation, and weakening rupee contribution.
2. Daily volatility
Prices can change during a trading day depending on global commodity markets, forex movements, and investor sentiments. Some cities report intra-day movements of tens or even hundreds of rupees per gram.
3. Shift in consumer preference
Due to an increase in gold prices, consumers are shifting toward lower carat (18 k, even 14 k) or lighter jewellery designs to keep costs manageable.
Also, during festival seasons or weddings, demand spikes, pushing up premiums.
4. Taxes & duties
Import duty, GST which is currently 3 % for gold jewellery in India and turnover charges (TCS, etc.) can add significant cost layers. These do not show up in the base “gold rate per gram” but affect the final retail price.
