21 Carat Gold Price in India: Current Rates and Buying Guide

21 Carat Gold Pricing in India (June 2023 Reference)

As of June 2023, 21 carat gold (87.5% purity) in India trades at approximately ₹47,500 per 10 grams inclusive of 3% GST. This is a reference point – actual prices fluctuate daily.

Understanding 21 Carat Gold

• Purity: 87.5% gold, 12.5% alloy (copper, silver, zinc)
• Hallmark: BIS 21K875 mark (mandatory since June 2021)
• Common Use: Popular in South India, Middle East; jewelry, coins
• Vs. 22K (91.6%): More durable, slightly lower price/gram
• Vs. 18K (75%): Higher gold content, richer color

Price Determinants

• International Spot Price: LBMA London fix (USD/oz)
• USD/INR Exchange Rate: Direct impact on landed cost
• Import Duty: Currently 15% (10% basic + 5% AIDC)
• GST: 3% on gold value + 5% making charges
• Local Factors: Making charges (₹300–₹2,000/gm), wastage, design complexity

Where to Check Live Rates

• IBJA (India Bullion & Jewellers Assn): ibjarates.com – benchmark rates
• MCX Gold Futures: Real-time trading prices
• Major Jewellers: Tanishq, Kalyan, Malabar, Joyalukkas websites
• Bank Websites: SBI, HDFC, ICICI gold rate pages
• Apps: Gold Price India, BullionVault, Investing.com

Buying Tips

1. Always buy BIS hallmarked jewelry
2. Compare making charges (percentage vs. flat rate)
3. Ask for wastage policy (typically 5–8% for 21K)
4. Verify buyback terms (same jeweller vs. market rate)
5. Consider Sovereign Gold Bonds for investment (2.5% interest + capital gains)

Disclaimer: Gold prices change constantly. Always verify current rates with your jeweller or financial advisor before transacting. The ₹47,500/10g figure is a June 2023 snapshot.