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Gold Rate History in India: How Prices Moved Over the Years

Vaibhav Poddar · Freelancer
Published · 2 min read

In short

  • The rate of 24K gold in India fell on 3 November 2026, and international spot gold had earlier dropped to a one year low.
  • Different price websites are quoting different rates on the same day, with a gap of several thousand rupees per 10 g.
  • Data from Indiagraphs shows that the lowest price of 2025 was close to the highest price of 2024.
  • Rates published by Business Standard are shown without GST, TCS and other levies, so buyers will pay a higher amount at the counter.
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The price of 24K gold in India was Rs 1,38,780 per 10 g on 3 November 2026, a fall of 1.34% on the day, as per the Startuptalky snapshot.

Goodreturns shows 24K gold at Rs 13,964 per gram and 22K gold at Rs 12,800 per gram on the same day. International spot gold was near $3,954 an ounce, after a sell-off that took it to a one year low, as per the Goodreturns note on the MCX move.

The prices quoted by different sites are not the same, and they range from roughly Rs 1.38 lakh to Rs 1.44 lakh per 10 g.

Two years that reset the price range

Indiagraphs, which uses MCX Ahmedabad 995 spot data, records the calendar year 2024 low at Rs 61,249 per 10 g and the high at Rs 79,362 per 10 g.

For 2025, same data shows a low of Rs 76,308 and a high of Rs 1,37,591 per 10 g. The 2025 high is 80.3% above the 2025 low.

The 2025 low is close to the 2024 high. Investors who bought near the top of the 2024 range would have seen the price stay around that level at the weakest point of 2025, and the rise through the rest of that year was steep.

Families following the gold rate history of these two years are comparing the range of each calendar year with the rates on offer now. The long run figures for earlier years differ from site to site, so only these two years are compared here.

What the quoted rate leaves out

The indicative rates published by Business Standard do not include GST, TCS and other levies, so the amount paid by a buyer at the counter will be higher than the quoted figure. Its rate for 13 January 2026 was Rs 1,40,284 per 10 g and this was shown ex-GST.

India meets its gold supply mainly through imports. Business Standard says less than 1% of the demand is met by local mining and about 10% comes from recycling.

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Frequently asked questions

Why do gold rates differ from site to site in India?

Each website uses its own source, such as MCX spot data or jeweller rates, and the time of updating also differs.

Do the quoted gold prices include GST?

Not always. The indicative rates of Business Standard are shown ex-GST, so the final bill will be higher.

How much of India's gold demand is met by local mining?

Business Standard says local mining meets less than 1% of the demand, and recycling supplies about 10%. Imports meet the remaining demand.

Sources & credits

Facts and figures in this article draw on these sources. All writing is our own.

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About the author

Vaibhav Poddar

Vaibhav Poddar

Freelancer Shimla, Himachal Pradesh

A young writer exploring business, technology, lifestyle and emerging trends. Brings a fresh perspective to everyday developments, with a focus on digital culture, startups and the changing interests of younger audiences. Enjoys turning trending topics and complex ideas into engaging, easy to read stories.

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