per gram — Gold price in India

Rules and sources

According to the GST Council's Gems & Jewellery FAQ, GST on jewellery is 3% of the total transaction value, whether the making charge is shown separately or not. GST Council: GST Sectoral Series - Gems & Jewellery, checked 2026-10-13

The Reserve Bank of India bases the premature redemption price of Sovereign Gold Bonds on the simple average of the closing price of 999-purity gold over the previous three business days, as published by the India Bullion and Jewellers Association (IBJA). RBI: Premature redemption under Sovereign Gold Bond (SGB) Scheme, February 11, 2025, checked 2026-10-13