Madhya Pradesh
Gold Rate in Indore
Tuesday, 26 May 2026
22K Gold
₹1,34,610
per 10 grams
₹13,461/ gram
₹1,07,688 / 8g • ₹13,46,100 / 100g
24K Gold
₹1,46,840
per 10 grams
₹14,684/ gram
₹1,17,472 / 8g • ₹14,68,400 / 100g
Indore Gold Rate — All Weights
Indore Gold Rate - Per Gram, 8g, 10g, 100g
| Weight | 22K Gold | 24K Gold |
|---|---|---|
| 1 gram | ₹13,461 | ₹14,684 |
| 8 grams | ₹1,07,688 | ₹1,17,472 |
| 10 grams | ₹1,34,610 | ₹1,46,840 |
| 100 grams | ₹13,46,100 | ₹14,68,400 |
Rate per gram - 22K: ₹13,461 | 24K: ₹14,684. Excludes GST & making charges.
Gold Rate in Indore with GST (3%)
Every gold purchase in India attracts 3% GST on the metal value. The prices below show what you actually pay at a Indore jeweller — base rate plus GST — before making charges.
GST is charged at 3% on gold value only. Making charges typically attract 5% GST separately and are not included above.
Gold Market in Indore
Indore's Sarafa Bazaar is one of the most famous and unusual markets in India — a street food destination by night that doubles as a gold and jewellery market in the early morning. By first light, Sarafa comes alive with glittering gold displays, and families often combine a late-night food outing with early morning jewellery shopping — a uniquely Indori ritual. Indore's Marwari and Jain trading communities are among India's most prolific gold buyers.
Where to Buy Gold in Indore: Key Markets
Sarafa Bazaar is the iconic centrepiece — its dual identity as a night food market and morning bullion market gives Indore one of the most distinctive gold-buying experiences in India. Rajwada and Kothari Market add to the old-city density. Palasia and MG Road host the modern retail strip, with Tanishq, Kalyan Jewellers, PC Jeweller, and Malabar Gold maintaining flagship stores. Vijay Nagar is the emerging branded-retail destination for the city's expanding western suburbs.
Indore Jewellery Styles & Local Preferences
Indore's gold-buying pattern skews heavily toward 24K coins and bars — the Marwari and Jain trader communities treat these as serious savings instruments alongside jewellery. When jewellery is purchased, Marwari bridal conventions dominate: heavy Rani Haar, Tikka, Hathphool, and Polki-Kundan settings in 22K. The city also has an active gold recycling and remaking trade — old jewellery is frequently exchanged for new designs, keeping the local market unusually liquid compared to other Indian cities of similar size.
Festive & Seasonal Gold Demand in Indore
Diwali, Dhanteras, and Akshaya Tritiya are the three largest gold-buying occasions. The Jain community's Mahavir Jayanti and Paryushan also drive identifiable demand spikes. The wedding season runs November–February. Indore's position as a central Indian commercial hub means its rates are closely tracked by buyers from Bhopal, Ujjain, Dewas, and surrounding towns who often travel to Indore for larger purchases.
Buying Gold in Indore: Practical Tips
Indore is one of India's more price-competitive markets — the dense Sarafa trader network keeps margins thin on gold coins and bars. For coin and bar buying, prefer MMTC-PAMP, RBI-certified bank-issued coins, or coins from major jewellery brands with assay certificates — avoid unbranded local coins even if they appear cheaper. For jewellery purchases, the active recycling trade means you can often get favourable exchange rates on old gold, but always insist on a physical weighing and BIS assay before accepting an exchange valuation.
This is general guidance. Always verify prices, purity, and jeweller credentials independently before any purchase.
How the Indore Gold Rate Is Determined
The gold rate in Indore is not arbitrarily set. It is derived from a chain that begins with the international spot price, typically quoted in US dollars per troy ounce on the COMEX and LBMA. That dollar figure is converted into Indian rupees per 10 grams using the prevailing USD-INR exchange rate. Customs duty on gold imports and a 3% GST are then layered on top to arrive at a landed domestic price.
Local jewellers' associations in Madhya Pradesh — along with wholesale bullion dealers in Indore — announce daily rates that further reflect local transportation costs, dealer margins, and short-term demand conditions. When you shop at a jeweller in Indore, the sticker price you see per gram is this local-adjusted base rate. On top of that, the final invoice adds making charges (typically 8–25% of the gold value, depending on the design), any wastage charges, stone weight (if the piece has diamonds or gemstones), and 3% GST on the total.
Rates can move within the day in response to global price shifts and rupee movements, which is why Indore jewellers often update their sticker prices each morning. For purchases above a few grams, many buyers in Indorecall or check online for the day's quoted rate before visiting the showroom.
Related Pages
Gold Rate by Karat
Frequently Asked Questions
What is the gold rate in Indore today?
Today's gold rate in Indore is ₹13,461 per gram for 22K (916 purity) gold and ₹14,684 per gram for 24K (999 purity) gold. These are indicative base rates excluding 3% GST, making charges, and any stone or wastage charges your jeweller may add.
Why does the gold rate in Indore differ from other cities?
Gold rates in Indore can vary slightly from the national average because of local jewellers' association quotes, state-specific levies, transportation costs from import ports, and the concentration of wholesale bullion dealers. The base gold price is set globally, but the landed cost to a Indore retail jeweller is also influenced by supply-chain distance to the nearest bullion hub.
Where can I buy BIS-hallmarked gold jewellery in Indore?
You can buy BIS-hallmarked gold jewellery from any registered jeweller in Indore — look for the BIS triangle logo, the purity stamp (916 for 22K or 999 for 24K), and the six-character HUID code etched onto the piece. Verify the HUID on the BIS Care mobile app before paying. Major branded chains and long-established family jewellers in the city typically maintain full BIS compliance.
What is the gold rate in Indore with GST today?
With 3% GST included, today's gold rate in Indore is approximately ₹13,865 per gram for 22K gold and ₹15,125 per gram for 24K gold. On a 10-gram 22K purchase you would pay around ₹1,38,648 inclusive of GST — the GST component alone on that 10 grams is about ₹4,038. Note that making charges, wastage, and stone-setting fees are additional and are also subject to GST (typically 5% on making charges). Always ask your Indore jeweller for a GST-compliant tax invoice that separately lists gold value, making charges, and the GST amount.
How much gold does a typical bridal set cost in Indore?
At today's Indore rate of ₹13,461 per gram for 22K gold, a 50-gram bridal jewellery set would have a base metal value of approximately ₹6,73,050, before making charges (typically 8–25%) and 3% GST. A full traditional bridal trousseau often involves 100 grams or more of 22K gold across multiple pieces, and the overall invoice can be significantly higher once making charges, wastage, and stone components are added.
Is the gold rate in Indore for 22K or 24K?
We publish both 22K (916 purity, used in almost all Indian jewellery) and 24K (999 purity, used in investment coins, bars, and digital gold products) rates for Indore. 22K is the right benchmark if you are shopping for jewellery at a Indore jeweller. 24K is the relevant benchmark if you are buying investment-grade gold coins, bars, Sovereign Gold Bonds, Gold ETFs, or digital gold.