Live Gold & Silver Rates
Updated daily from our shop in Banda, Uttar Pradesh
Detailed Rate Table
All prices in Indian Rupees (INR)
| Metal & Purity | Per Gram | Per 10g | Per Tola |
|---|---|---|---|
| Gold 24K (999) | |||
| Gold 22K (916) | |||
| Gold 18K (750) | |||
| Silver 999 |
Rate for Popular Items
Approximate gold value only — making charges & GST extra
| Item | Weight | Purity | Approx. Value |
|---|---|---|---|
| Gold Chain | 10g | 22K | |
| Gold Bangles (pair) | 20g | 22K | |
| Gold Necklace | 25g | 22K | |
| Gold Coin 1g | 1g | 24K | |
| Gold Coin 10g | 10g | 24K | |
| Silver Anklet (pair) | 50g | 999 |
How Gold Price is Calculated
International Spot Price
Gold is traded globally in US Dollars per troy ounce. The London Bullion Market Association (LBMA) sets the international benchmark twice daily.
USD to INR Conversion
The international price is converted to Indian Rupees using the prevailing exchange rate. A weaker rupee means higher gold prices in India.
Import Duty & Taxes
India imports most of its gold. The government charges ~15% customs duty plus additional cess. This is a significant component of the final price.
Local Market Premium
Bullion dealers and jewellers add a small premium based on local demand-supply dynamics. Banda's rate follows Delhi/Lucknow with a minor local adjustment.
Making Charges
When buying jewellery, the goldsmith's craftsmanship cost is added — typically 8-25% of gold value depending on design complexity. Coins and bars have minimal making charges (1-3%).
GST (3%)
A flat 3% GST is charged on the total value of gold (metal + making charges). This is included in the final billing at any legitimate jewellery shop.
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Subscribe to Daily RatesFrequently Asked Questions
Today's gold rate in Banda is updated daily on this page. We display 24K, 22K, and 18K gold prices per gram, per 10 grams, and per tola. Rates are based on the Banda Sarafa Bazaar rate set each morning at Gondilal Saraf.
The 22K gold price per gram is shown in the rate card above. 22K gold (also called 916 gold) is the most popular purity for jewellery in India. It contains 91.67% pure gold and 8.33% alloy metals for durability.
Today's silver rate in Banda is displayed above in per gram and per kilogram. We deal in 999 purity silver (also called fine silver or pure silver). Silver prices tend to be more volatile than gold on a percentage basis.
Gold prices change daily based on international spot prices (London Bullion Market), the USD-INR exchange rate, import duties, and local demand-supply. Indian gold prices also factor in 3% GST and customs duty of around 15%. Festive seasons and wedding demand can push local premiums higher.
24K gold is 99.9% pure gold and commands the highest price. 22K gold is 91.67% pure (the rest is alloy) and costs about 8-9% less than 24K. Most Indian jewellery is made in 22K because pure 24K gold is too soft for daily-wear ornaments. 18K gold (75% pure) costs even less and is used for diamond-studded or lightweight modern designs.
No. Gold rates vary slightly across Indian cities due to differences in local taxes, transportation costs, and demand. However, the variation is usually small — within Rs 200-500 per 10 grams. Banda's rate closely follows the Delhi/Lucknow rate with a small local premium.
One tola equals 11.664 grams. The gold rate per tola is calculated by multiplying the per-gram rate by 11.664. This page shows the per-tola rate for all purities in the detailed rate table. Tola is a traditional Indian unit still widely used by jewellers and customers.
There is no guaranteed 'best time' — gold prices are influenced by global factors. However, prices sometimes dip during low-demand months (July–August) and tend to rise before Dhanteras, Akshaya Tritiya, and the wedding season. If you are buying for a specific occasion, it is better to book early and lock in the rate rather than speculate. At Gondilal Saraf, we offer advance booking where we lock today's rate for future delivery.
Ready to Buy Gold?
Visit Gondilal Saraf at Gular Naka, Banda for BIS Hallmarked gold & silver jewellery at today's best rates.