Understanding Gold Price in India (Daily Checklist)
Updated: 05 Feb 2026
The 60-second checklist
- International spot price (XAU/USD): sets the global base.
- USD/INR: rupee strength changes local price quickly.
- Import duty + cess: adds a fixed layer on top of spot.
- GST: applied on value in India.
- Local jeweller premium + making charges: varies by city and brand.
Why prices differ by city
Even with the same 24K benchmark, retail price differs due to logistics, competition, and local demand. That’s why city pages like Delhi and Mumbai can show small differences.
Gold for jewellery vs investment
- Jewellery: focus on hallmark, making charges, and buyback policy.
- Investment: focus on spread, liquidity, and storage (physical vs digital vs ETF).