Jammu & Kashmir
Gold Rate in Srinagar
Saturday, 25 April 2026
22K Gold
₹1,37,000
per 10 grams
₹13,700/ gram
₹1,09,600 / 8g • ₹13,70,000 / 100g
24K Gold
₹1,49,460
per 10 grams
₹14,946/ gram
₹1,19,568 / 8g • ₹14,94,600 / 100g
Srinagar Gold Rate — All Weights
Srinagar Gold Rate - Per Gram, 8g, 10g, 100g
| Weight | 22K Gold | 24K Gold |
|---|---|---|
| 1 gram | ₹13,700 | ₹14,946 |
| 8 grams | ₹1,09,600 | ₹1,19,568 |
| 10 grams | ₹1,37,000 | ₹1,49,460 |
| 100 grams | ₹13,70,000 | ₹14,94,600 |
Rate per gram - 22K: ₹13,700 | 24K: ₹14,946. Excludes GST & making charges.
Gold Rate in Srinagar 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 Srinagar 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 Srinagar
Srinagar is one of India's most distinctive gold markets, shaped by the Kashmir Valley's unique cultural heritage, a jewellery tradition unlike anywhere else in India, and the logistical reality of a remote Himalayan location that makes gold supply more expensive than most Indian cities. Kashmiri gold jewellery — Zarband (neck ornament), Dejharoo (earring), Aath Phool (large floral headpiece), and Kangan (bangle) — has a character rooted in centuries of courtly Central Asian aesthetic influence. Tourism adds a seasonal premium, and a significant part of Srinagar's gold is bought by non-Kashmiri visitors seeking authentic regional jewellery.
Where to Buy Gold in Srinagar: Key Markets
Lal Chowk, the heart of Srinagar's commercial activity, has jewellery showrooms interspersed with its famous embroidery and shawl shops. The Residency Road and Maisuma areas host mid-market and branded chain presence. Hazratbal, near the famous mosque, has jewellers catering to the city's Muslim community. Dal Lake's houseboat-adjacent shops carry tourist-facing jewellery at premium pricing that serious buyers should avoid. Tanishq maintains Srinagar presence for the branded-chain buyer demographic.
Srinagar Jewellery Styles & Local Preferences
Kashmiri bridal jewellery is ceremonially important and culturally specific. Zarband — a wide, elaborate necklace — is the centrepiece. Dejharoo — large, dome-shaped earrings with intricate filigree — are iconic. The Aath Phool is a dramatic floral headpiece. These pieces combine gold with coloured enamel, gemstones, and wire-work techniques that reflect centuries of Mughal, Persian, and Central Asian influence. The craftsmanship is extraordinarily fine, but gold purity must be verified carefully as heritage-style Kashmiri pieces sometimes mix gold with other metals.
Festive & Seasonal Gold Demand in Srinagar
Eid-ul-Fitr and Eid-ul-Adha are the primary gold-buying occasions for Srinagar's majority Muslim population. Kashmiri weddings peak in April–June and October–November — spring and autumn when the valley's climate is most amenable. Tourist season (April–June and September–October) brings significant non-Kashmiri buying. Winter months see subdued retail activity given the valley's seasonal closure patterns.
Buying Gold in Srinagar: Practical Tips
BIS hallmark compliance and HUID verification are essential in Srinagar — the market has more variation in compliance levels than most major Indian cities. For traditional Kashmiri jewellery pieces, specifically request BIS verification and a weight-and-purity breakdown before paying, as the intricate mixed-material construction of Kashmiri designs can make purity assessment non-obvious. For tourist buyers, purchase from shops with displayed BIS Registration and a GST-compliant invoice — avoid houseboat-adjacent souvenir shops for any serious jewellery purchase.
This is general guidance. Always verify prices, purity, and jeweller credentials independently before any purchase.
How the Srinagar Gold Rate Is Determined
The gold rate in Srinagar 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 Jammu & Kashmir — along with wholesale bullion dealers in Srinagar — announce daily rates that further reflect local transportation costs, dealer margins, and short-term demand conditions. When you shop at a jeweller in Srinagar, 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 Srinagar jewellers often update their sticker prices each morning. For purchases above a few grams, many buyers in Srinagarcall or check online for the day's quoted rate before visiting the showroom.
Related Pages
Nearby Cities
Gold Rate by Karat
Frequently Asked Questions
What is the gold rate in Srinagar today?
Today's gold rate in Srinagar is ₹13,700 per gram for 22K (916 purity) gold and ₹14,946 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 Srinagar differ from other cities?
Gold rates in Srinagar 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 Srinagar retail jeweller is also influenced by supply-chain distance to the nearest bullion hub.
Where can I buy BIS-hallmarked gold jewellery in Srinagar?
You can buy BIS-hallmarked gold jewellery from any registered jeweller in Srinagar — 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 Srinagar with GST today?
With 3% GST included, today's gold rate in Srinagar is approximately ₹14,111 per gram for 22K gold and ₹15,394 per gram for 24K gold. On a 10-gram 22K purchase you would pay around ₹1,41,110 inclusive of GST — the GST component alone on that 10 grams is about ₹4,110. 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 Srinagar 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 Srinagar?
At today's Srinagar rate of ₹13,700 per gram for 22K gold, a 50-gram bridal jewellery set would have a base metal value of approximately ₹6,85,000, 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 Srinagar 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 Srinagar. 22K is the right benchmark if you are shopping for jewellery at a Srinagar jeweller. 24K is the relevant benchmark if you are buying investment-grade gold coins, bars, Sovereign Gold Bonds, Gold ETFs, or digital gold.