Delhi is the largest gold market in North India and the most closely watched bullion hub in the country. The gold rate in Delhi today is published every morning by the Delhi Bullion and Jewellers Welfare Association, based on the previous evening's MCX closing price and overnight movement in international spot gold. All rates shown on this page reflect the wholesale metal value before making charges and GST - check the live rate cards above for today's exact 24K and 22K prices.
As the national capital, Delhi's gold rate serves as the benchmark for buyers across North India. Cities in the Delhi NCR - including Gurgaon, Noida, Faridabad, and Ghaziabad - and buyers from Uttar Pradesh cities like Agra, Lucknow, and Meerut frequently reference Delhi's rate when comparing prices at local jewellers. Whether you are buying jewellery, investing in coins, or tracking prices for a future purchase, this page gives you everything you need in one place. You can also check the gold rate today across all Indian cities on our homepage.
Today's 24K and 22K Gold Rate in Delhi
As of 01 Sep 2026, the gold rate in Delhi is ₹1,54,240 per 10 grams for 24K gold and ₹1,41,400 per 10 grams for 22K gold. The 18K gold rate in Delhi today is ₹1,15,720 per 10 grams. On a per-gram basis, 24K gold is priced at ₹15,424 per gram in Delhi today. These rates are updated daily and are indicative wholesale prices - your final jewellery price will be higher once making charges and 3% GST are added on top.
22K vs 24K vs 18K Gold - Which Should You Buy in Delhi?
Delhi jewellers stock all three purities, and the right choice depends entirely on your purpose:
- 24K gold (999 purity) at ₹1,54,240 per 10 grams - the purest form, used for investment coins, bars, and digital gold. Too soft for most jewellery. Best for buyers whose primary goal is wealth preservation with maximum purity.
- 22K gold (916 purity) at ₹1,41,400 per 10 grams - the most popular choice for Indian jewellery. Contains 91.6% gold alloyed with silver and copper for strength. Virtually all bangles, chains, necklaces, and wedding sets sold in Delhi are 22K.
- 18K gold (750 purity) at ₹1,15,720 per 10 grams - 75% pure gold, harder and more affordable than 22K. Commonly used in diamond-studded rings, pendants, and contemporary designs. A good choice if design matters more than pure gold content.
Use our karat converter to convert any rate between purities instantly.
How Delhi Gold Rates Are Set Every Day
Delhi gold rates are not decided by individual jewellers - they are set by the Delhi Bullion and Jewellers Welfare Association and published every morning. The process starts with the international spot gold price quoted in US dollars per troy ounce on the London Bullion Market Association (LBMA) and COMEX in New York. This figure is converted to Indian rupees using the day's USD-INR exchange rate, then divided to arrive at a per-gram rupee value. Import duty - currently around 15% plus Agriculture Infrastructure Development Cess - is built into the base, and a 3% GST applies at point of retail sale. The final published rate also factors in transportation costs from import ports to Delhi and the association's own rounding conventions.
Which Factors Influence the Gold Rate in Delhi on a Daily Basis?
Several interconnected forces move Delhi's gold rate every trading day. Understanding these drivers helps you judge whether today's price is likely to hold, rise, or ease in the near term.
- International spot gold price - the primary driver. When gold rises on COMEX or LBMA, Delhi rates follow within hours.
- US Dollar - Indian Rupee exchange rate - India imports almost all its gold and pays in USD. A weaker rupee makes imported gold more expensive in rupee terms even if the global price has not moved.
- US Federal Reserve interest rate decisions - higher US rates increase the opportunity cost of holding gold, often pushing prices lower. Rate cuts or dovish signals push gold higher.
- Import duty changes - any revision to customs duty announced in the Union Budget directly changes the base price of all gold sold in India, including Delhi.
- Domestic demand cycles - wedding season (October–December and April–May), Dhanteras, Akshaya Tritiya, and Diwali create demand surges that can firm up local premiums.
- Geopolitical tensions and global uncertainty - wars, banking crises, or political instability globally drive investors toward gold as a safe haven, lifting prices.
- Central bank buying - when the Reserve Bank of India or other central banks increase gold reserves, it signals confidence in gold and supports prices.
- Monsoon performance - a good monsoon raises rural incomes and agricultural output, indirectly boosting gold demand from rural India, which accounts for a large share of national consumption.
Gold Rate in Delhi vs Other Major Cities
Delhi's gold rate is typically slightly higher than port cities like Mumbai and Chennai because gold physically travels from import ports to the capital, adding transportation costs. The difference is usually ₹50 to ₹300 per 10 grams between cities. Here is how Delhi compares with key cities in your region and across India - click any city to see its live rate:
- Delhi NCR: Gurgaon, Noida, Faridabad, Ghaziabad - these cities follow Delhi's rate almost exactly as they are part of the National Capital Region and share the same bullion supply chain.
- Uttar Pradesh: Agra, Lucknow, Kanpur, Meerut, Varanasi, Mathura, Prayagraj - rates are typically within ₹50–₹150 per 10 grams of Delhi's published rate.
- Rajasthan: Jaipur, Jodhpur, Udaipur, Ajmer, Kota - Rajasthan has one of India's strongest gold jewellery traditions. Rates are close to Delhi's but may vary by ₹100–₹200.
- Punjab and Haryana: Chandigarh, Ludhiana, Amritsar, Ambala, Rohtak - these cities have their own bullion associations but track Delhi's rate closely.
- Major metros for comparison: Mumbai, Chennai, Kolkata, Hyderabad, Bengaluru, Pune, Ahmedabad - port cities like Mumbai and Chennai usually sit ₹50–₹300 below Delhi's rate due to lower transport costs.
See the complete picture on our all-India gold rate page.
How to Calculate Gold Jewellery Price in Delhi
The price you pay at any Delhi jeweller is calculated in three steps. Understanding this formula ensures you never overpay:
Step 1 - Metal value: Multiply the per-gram rate for your chosen purity by the weight of the piece.
Example: A 10-gram 22K chain at today's Delhi 22K rate of ₹1,41,400 per 10 grams → metal value = ₹1,41,400
Step 2 - Add making charges: Making charges are added per gram or as a percentage. For a simple chain, assume ₹250 per gram × 10 grams = ₹2,500 in making charges.
Step 3 - Add GST: 3% GST on the metal value + 5% GST on making charges.
If metal value = ₹1,41,400 and making charges = ₹2,500:
GST on gold = ₹1,41,400 × 3% | GST on making charges = ₹2,500 × 5% = ₹125
Your total is: Metal value + Making charges + GST on both. Use our gold price calculator to do this instantly for any weight, purity, and making charge combination.
Making Charges in Delhi - What Is Fair to Pay
Making charges are the jeweller's fee for the labour, craftsmanship, and design work involved in creating the piece. In Delhi, these vary widely:
- Simple machine-made chains and bangles: ₹150 to ₹300 per gram
- Medium-complexity handmade pieces: ₹350 to ₹600 per gram
- Kundan, Meenakari, and intricate handcrafted jewellery: ₹700 to ₹1,200 per gram
- Bridal sets (necklace, earrings, maang tikka, bangles): ₹800 to ₹1,500 per gram or charged as a percentage (15–35% of gold value)
Making charges in Delhi are negotiable, especially on large purchases. During off-peak months (February–March, July–August), many jewellers in Karol Bagh and Chandni Chowk will reduce making charges by 10–20% to close a sale. Always get the making charge quoted per gram in writing before agreeing, and use our making charges calculator to verify the fair total.
Impact of GST on Gold Rates in Delhi
The Goods and Services Tax structure on gold in Delhi is uniform across India - there are no state-level variations. Here is exactly how GST applies:
- 3% GST on the gold metal value - applies on the value of the gold itself at the time of purchase, whether it is jewellery, coins, or bars.
- 5% GST on making charges - charged separately on the labour component of jewellery. This means a ₹3,000 making charge attracts ₹150 in GST.
- 0% GST on Sovereign Gold Bonds - SGBs are completely exempt from GST, making them more tax-efficient than physical gold for investment purposes.
- 0% GST on gold resale - when you sell gold back to a dealer or jeweller, no GST is charged on the transaction from your side, though the dealer's buyback price will be below the day's market rate.
- Gold ETFs attract Securities Transaction Tax, not GST, making them a different tax treatment from physical gold.
Always ask for a GST-compliant invoice from any Delhi jeweller. The invoice must separately show the gold value, making charges, GST on each component, and the jeweller's GSTIN number. This invoice protects you at resale and is required if you ever need to prove the source of the gold.
BIS Hallmarking in Delhi - Why It Matters
BIS hallmarking is the Bureau of Indian Standards' certification that a piece of gold jewellery contains the purity stated on it. Mandatory BIS hallmarking has been in force across Delhi and all major Indian cities since April 2023. Every hallmarked piece must carry three marks:
- The BIS triangle logo - confirms the piece has been tested at a BIS-recognised assaying and hallmarking centre
- The karat purity grade - such as 916 for 22K gold, 999 for 24K, or 750 for 18K
- The six-digit HUID (Hallmark Unique Identification) code - a unique alphanumeric code linked to the specific piece, its jeweller, and the assaying centre
How to verify the HUID in Delhi: Open the BIS Care app on your phone (available on Android and iOS), tap "Verify HUID", enter the six-digit code, and the app instantly shows the registered purity, jeweller name, and assaying centre. You can also verify at bis.gov.in. If a Delhi jeweller cannot provide a hallmarked piece or refuses to show the HUID, do not buy - it is a clear indicator that the purity may not be as claimed.
How is the Purity of Gold Evaluated in Delhi?
Gold purity in Delhi is evaluated through a combination of karat marking, BIS hallmarking, and assaying. The karat system measures how many parts out of 24 are pure gold:
- 24K (999 fineness) - 99.9% pure gold. The international investment standard.
- 22K (916 fineness) - 91.6% pure gold. The Indian jewellery standard.
- 18K (750 fineness) - 75% pure gold. Popular for studded and contemporary jewellery.
- 14K (585 fineness) - 58.5% pure gold. Common in export jewellery, rare in domestic retail.
In Delhi, BIS-recognised assaying and hallmarking centres test gold pieces using fire assay or X-ray fluorescence (XRF) methods before stamping the HUID. This is the most reliable purity guarantee available. For quick purity checking of coins or bars at home, touchstone testing kits are available at most Delhi bullion shops, though these are less precise than laboratory assaying.
Best Jewellery Markets to Buy Gold in Delhi
Delhi has some of India's most established and competitive gold jewellery markets, each serving different buyer segments:
- Dariba Kalan, Chandni Chowk - one of Asia's oldest jewellery streets, dating back to the Mughal era. Renowned for wholesale gold, silver jewellery, and traditional designs. Best for bulk buyers, traders, and those looking for competitive wholesale pricing. Also has many retail shops for bridal jewellery.
- Karol Bagh - Delhi's most popular destination for bridal and contemporary jewellery. Hundreds of shops on Ajmal Khan Road and the surrounding lanes stock everything from plain gold bangles to elaborate Kundan and Polki sets. Prices are competitive and making charges are negotiable.
- Lajpat Nagar - known primarily for silver jewellery and fashion gold jewellery at accessible price points. Good for 18K contemporary pieces and studded jewellery.
- Connaught Place - hosts flagship stores of national chains like Tanishq, Malabar Gold, and PC Jeweller. Better for buyers who want standardised pricing, easy exchange policies, and a formal shopping experience with fixed making charges.
- Katwaria Sarai and South Extension - popular among South Delhi residents for mid-range and premium contemporary gold jewellery.
Buying Bridal Gold in Delhi - Chandni Chowk vs Karol Bagh
Delhi is one of India's top bridal jewellery destinations, and the two markets buyers compare most are Chandni Chowk and Karol Bagh. Both offer competitive gold rates - the difference lies in design specialisation and buying experience.
Chandni Chowk (Dariba Kalan) is the better choice for traditional bridal sets - temple jewellery, Kundan, Meenakari, and heavily crafted pieces rooted in Mughal and Rajasthani design traditions. Wholesale buyers and those buying large sets for destination weddings often get better per-gram making charge deals here. The market is dense and requires time to navigate, but the design depth is unmatched.
Karol Bagh suits buyers looking for a wider range - from traditional to contemporary - with a more organised retail experience. Making charges here are competitive and openly quoted. Many shops stock both 22K traditional sets and 18K diamond-studded pieces. The proximity of multiple large showrooms also makes comparison-shopping easier.
For either market, visit on a weekday morning when shops are less crowded, carry a note of today's 22K rate from this page, and use our wedding gold calculator to plan your total budget before stepping in.
Gold Prices During Dhanteras and Akshaya Tritiya in Delhi
Two days of the year see gold demand in Delhi surge more than any other - Dhanteras (two days before Diwali, typically October or November) and Akshaya Tritiya (an auspicious spring day, typically April or May). On both occasions, buying gold is considered highly auspicious, and footfall at Delhi's jewellery markets rises sharply.
The impact on prices is nuanced. The international gold price and rupee-dollar rate continue to drive the base rate - the bullion association does not set a "festival premium" on the rate card. However, high demand can make jewellers less willing to negotiate on making charges, and popular designs sell out quickly. If you are buying for auspiciousness on the day itself, the price is what it is. If your primary goal is value, buying the same gold one to two weeks before the festival often gives you the same gold at the same metal rate with more room to negotiate making charges.
What Are the Different Ways to Invest in Gold in Delhi?
Delhi buyers have access to every gold investment option available in India. Here is a clear breakdown of each:
Physical Gold - Coins and Bars
Coins and bars from certified sources like MMTC-PAMP, SBI, India Post, and major banks are available across Delhi. These are priced close to the metal rate with minimal premium over the published rate. They are easy to store, easy to resell, and free from the making charge penalty that jewellery carries. The downside is storage and security - a bank locker or home safe is needed for significant quantities.
Sovereign Gold Bonds (SGBs)
Issued by the Reserve Bank of India, SGBs are government securities denominated in grams of gold. They pay 2.5% annual interest on the investment amount, plus the full gold price appreciation over the holding period. Most importantly, gains from SGBs are completely exempt from capital gains tax if held to maturity (8 years). For Delhi investors with a long horizon who do not need physical possession, SGBs are the most tax-efficient gold investment available.
Gold ETFs
Gold Exchange Traded Funds trade on the NSE and BSE like shares. Each unit represents approximately 1 gram of gold backed by physical metal held in a vault. You need a demat and trading account to buy. Gold ETFs offer complete liquidity - you can buy or sell during market hours at transparent prices. No storage concerns, no making charges, no purity risk.
Digital Gold
Platforms like Paytm, PhonePe, and MMTC-PAMP allow you to buy gold digitally in amounts as small as ₹1. The gold is stored on your behalf in insured vaults. Convenient for small amounts, but storage charges apply over the long term and the regulatory framework is less mature than SGBs or ETFs.
Gold Mutual Funds
Gold mutual funds invest in Gold ETFs and can be bought through any mutual fund platform without a demat account. They support monthly SIP investing, making them ideal for disciplined long-term accumulation. Use our gold SIP calculator to estimate how a fixed monthly investment grows over 5, 10, or 20 years.
SGB vs Physical Gold - Which Is Better for Delhi Buyers?
For pure investment, Sovereign Gold Bonds beat physical gold on almost every parameter except one - you cannot hold or wear them. Here is the direct comparison:
- Returns: SGBs give gold price appreciation plus 2.5% annual interest. Physical gold gives only price appreciation.
- Tax: SGB gains at maturity are completely tax-free. Physical gold held over 24 months attracts 12.5% long-term capital gains tax (per Union Budget 2024, without indexation).
- Storage: SGBs have no storage cost or security risk. Physical gold needs a locker (₹1,500–₹5,000 per year at most Delhi banks).
- Liquidity: SGBs can be sold on the exchange before maturity (though at a small discount to NAV). Physical gold can be sold to any jeweller or bank instantly.
- Access: SGBs are issued in tranches - not always available. Physical gold is available every day.
Verdict: For investment with a 5–8 year horizon, SGBs are superior. For immediate access, gifting, or wearing, physical gold remains the choice. Use our gold vs FD calculator to see how gold compares to fixed deposits over your target period.
Gold ETF vs Physical Gold in Delhi
Gold ETFs and physical gold both track the same underlying price, but the experience of owning each is very different:
- Purity guarantee: Gold ETFs are backed by 99.5% pure gold held in SEBI-regulated vaults - no risk of impure gold. Physical gold purity depends on the jeweller and hallmarking.
- Cost of buying: ETFs have brokerage fees (typically 0.01–0.5%) and an annual expense ratio (0.4–0.8%). Physical gold has making charges on jewellery or a small premium on coins.
- Minimum investment: ETFs can be bought in fractions from ₹500. Physical gold at Delhi's current rate starts from one coin (typically 1 gram at ₹15,424).
- Storage: ETFs live in your demat account - zero physical storage. Physical gold requires secure storage.
- Gifting and emotional value: Physical gold can be gifted, worn, or passed on. ETFs cannot.
For a Delhi investor purely focused on returns with no need to hold the metal, Gold ETFs are the cleaner, lower-cost route.
What Factors Should You Consider Before Investing in Gold in Delhi?
Gold can be a strong long-term asset, but a few key considerations determine whether it fits your financial plan and how to structure your investment for the best outcome.
- Investment horizon: Gold rewards patience. Short-term holders often lose to volatility. A 5–10 year horizon smooths out the peaks and troughs.
- Portfolio allocation: Most financial advisors recommend 10–15% of total investments in gold - enough for meaningful diversification without over-concentration in a non-income-generating asset.
- Form of gold: Match the form to your goal. If you need the gold for a future event (wedding, gift), buy physical gold early and lock in today's Delhi rate. If the goal is pure wealth growth, SGBs or ETFs are more efficient.
- Rupee cost averaging: Avoid investing a lump sum at one price point. Spreading purchases monthly through a Gold SIP averages out price swings and removes the pressure of timing the market. Use our gold SIP calculator to plan this.
- Tax implications: Understand the capital gains rules before buying. Physical gold held under 24 months is taxed at your income slab rate. SGBs held to maturity are tax-free.
- Storage and insurance: If buying physical gold in Delhi, factor in annual locker costs and the need for a floater insurance policy covering jewellery theft or loss.
Gold Loan in Delhi - How Much Can You Borrow?
Gold loans in Delhi are among the fastest ways to access credit - many branches of Muthoot Finance, Manappuram, SBI Gold Loan, HDFC Bank, and Axis Bank process a gold loan within 30 minutes. Here is how the calculation works:
The RBI caps the loan-to-value (LTV) ratio at 75% of the gold's current market value. So if you pledge gold worth ₹1,00,000 at today's Delhi rate, the maximum loan you can receive is ₹75,000. Interest rates currently range from 7% to 29% per annum depending on the lender, loan tenure, and LTV chosen - lower LTVs typically get better rates.
For example: If you have 20 grams of 22K gold, its value at today's rate of ₹1,41,400 per 10 grams = ₹1,41,400 × 2 = approximately 2× the 10g rate. At 75% LTV, your eligible loan = 75% of that value. Use our gold loan calculator to get the exact figure based on today's live Delhi rate and your gold's weight.
Gold loans in Delhi do not require income proof or a credit score check - the gold is the collateral. Your pledged gold is returned in full once the loan and interest are repaid.
Selling or Exchanging Gold in Delhi
Selling or exchanging gold in Delhi is straightforward, but knowing the process protects you from getting a poor deal. When you sell gold to a jeweller or bullion dealer in Delhi, the process is:
- The jeweller assays your gold - either by touchstone test or XRF machine - to confirm its actual purity
- The piece is weighed on a calibrated scale
- A buyback price is quoted based on today's published Delhi rate for the confirmed purity, minus a melting or refining deduction of typically 1% to 2%
- No GST is charged on the sale from your side
For exchanges (old gold against new jewellery), the process is the same - the old gold's value is credited and you pay only the difference plus making charges and GST on the new piece. Always get quotes from at least two or three shops in the same market (for example, walk Dariba Kalan or Ajmal Khan Road in Karol Bagh) before agreeing, as buyback rates can vary by ₹200–₹500 per 10 grams between dealers.
Keep the original purchase invoice for any gold you sell. Jewellers are required to record purchases above ₹50,000 under anti-money laundering rules, and having your original bill proves the gold's legitimate source.
Delhi Gold Rate History - Monthly and Yearly Trends
The gold rate history tables on this page - accessible via the Daily, Monthly, and Yearly tabs above - show you exactly how Delhi's 24K, 22K, and 18K gold prices have moved over time. Here is how to read them:
- Daily tab: Shows the last 10 recorded rate entries for Delhi with the day-on-day change. Use this to understand recent short-term direction.
- Monthly tab: Shows the average gold rate in Delhi for each calendar month. Useful for spotting seasonal patterns - for example, rates often firm up in October-November (Dhanteras season) and April-May (Akshaya Tritiya season).
- Yearly tab: Shows the annual average rate for Delhi. The long-term chart shows gold's structural upward trend in rupee terms, driven by both global price appreciation and the steady depreciation of the rupee against the dollar over time.
The interactive price chart above the tables lets you zoom into 7-day, 1-month, 3-month, 6-month, and 1-year windows with exact prices visible on hover. This gives you a clear picture of whether the current Delhi rate is near a recent high, low, or middle of its recent range - useful context before making a large purchase.