Gold Price in India (INR)
What gold actually costs in India
Real dealer prices — not spot converted to INR — with the premium over international spot as a first-class field.
India dealer gold prices are tracked from 5 sources, priced in INR, with the premium over international spot computed per quote.
Dealer quotes
| Source | Brand | Product | Sell | Buyback | Premium |
|---|---|---|---|---|---|
| ibja_in | — | retail 14k | 9,297.00 | — | 26.10% |
| ibja_in | — | retail 18k | 11,675.00 | — | 23.17% |
| ibja_in | — | retail 20k | 12,829.00 | — | 21.81% |
| ibja_in | — | retail 22k | 14,068.00 | — | 21.43% |
| ibja_in | — | retail 999 | 14,414.00 | — | 14.05% |
What is premium over spot?
Premium over spot is the percentage gap between a dealer's quoted sell price and the international spot price, converted to INRat the live exchange rate. It captures dealer margin, import costs, refining, and local demand — the reason two dealers in the same city can quote different prices for the same purity of gold. A higher premium means you're paying more above the raw metal value; this API surfaces it as a first-class field (premium_over_spot_bps) for every quote instead of leaving buyers to compute it themselves.
Gold in India
India is, alongside China, one of the two largest gold-consuming countries in the world, with demand driven by weddings, festivals (notably Dhanteras and Akshaya Tritiya), and gold as a deeply embedded household savings instrument. IBJA (India Bullion and Jewellers Association) publishes official rates, but only as PDFs/HTML with no API — every real-rate vendor found in the demand-signal research is either single-city, sales-gated (Surepass, indiagoldratesapi.com), or both, making India one of the sharpest wedges for a self-serve multi-country feed.
Convention: 22K (916 hallmark) is the dominant jewellery standard; tola and per-10-gram quoting alongside grams.
Other countries
Frequently asked
Which Indian gold rate does the API track?
The IBJA (India Bullion and Jewellers Association) published rate ladder — the official reference that Indian jewellers price against — parsed across its purity ladder from Fine Gold 999 down to 14KT.What is 916 hallmark gold?
916 refers to 91.6% pure gold — the numeric hallmark for 22-karat gold, India's dominant jewellery standard, stamped on certified Indian jewellery by BIS-licensed assayers.