Gold price in the US vs India
Compare international gold spot with India's IBJA 999 fine gold rate, both in rupees per 10 g. The percentage gap includes India's GST and excludes jewellery making charges.
In the US
In India
Exchange rate: 1 US dollar = ₹96.30 · Spot fetched: Oct 6, 2026, 08:28 AM UTC; IBJA fetched: Oct 6, 2026, 08:30 AM UTC
Why gold prices differ in India and the US
Import duty in India
India's effective gold import duty is 15% as of 6 October 2026: 10% basic customs duty plus 5% AIDC, effective 13 May 2026, up from 6%. Business Today reported a possible cut on 31 August 2026; no decision has been made. LiveLaw
GST in India
Gold carries 3% GST in India as of 6 October 2026. The India card shows the IBJA 999 rate before GST and the same rate with GST added. GST Council
How IBJA quotes gold
IBJA's published rates exclude 3% GST and making charges as of 6 October 2026. The India card uses its 999 fine gold rate per 10 g, which includes import duty. IBJA
US sales tax
US rules as of 6 October 2026: no federal sales tax on gold. CBS News counts 29 states with tax-free bullion purchases. California exempts a single bullion or coin purchase of $2,000 or more; smaller purchases are taxed. CBS News
More gold price data
Questions about gold prices
Why is gold more expensive in India than in the US?
India's effective gold import duty is 15% and GST is 3% as of 6 October 2026. Import taxes raise the landed price in rupees. Local prices can also trade at a premium or discount to the landed price.
Does this comparison include jewellery making charges?
No. This page compares bullion prices and excludes jewellery making charges. Jewellery in both countries adds making or labour charges on top.
Is gold taxed when bought in the US?
US rules as of 6 October 2026: no federal sales tax on gold. CBS News counts 29 states with tax-free bullion purchases. California exempts a single bullion or coin purchase of $2,000 or more; smaller purchases are taxed.
How is the gold price gap calculated?
The gap is ((IBJA 999 per 10 g × 1.03) ÷ converted spot per 10 g − 1) × 100. Spot is converted to rupees at the current USD/INR rate. The 1.03 multiplier reflects 3% GST as of 6 October 2026.