Gold Rate Today in India, 20 June 2026: 24K at Rs 14,608 per Gram, 22K at Rs 13,390

Gold Rate Today in India, 20 June 2026

Gold rate today in India: 24K is Rs 14,608 per gram, 22K is Rs 13,390 per gram, and 18K is Rs 10,956 per gram, as per India Bullion and Jewellers Association (IBJA) reference rates for 20 June 2026.

All rates are in Indian Rupees and exclude making charges and 3% GST. Actual prices at jewellers vary by city. Rates updated as of 20 June 2026 based on IBJA reference rates and MCX gold settlement.

Gold Rate by City on 20 June 2026

Chennai has the highest gold rate in India today at Rs 14,837 per gram for 24K, a Rs 229 premium over Mumbai at Rs 14,608.

The Chennai premium reflects higher local demand from Tamil Nadu, transportation costs from refineries in other states, and pricing conventions set by the All India Gem and Jewellery Domestic Council-affiliated traders in the city.

Gold prices in India are not centrally fixed. They are published daily by city-level jewellery associations based on the previous day's MCX gold futures settlement and the prevailing USD-INR exchange rate. This is why rates differ between cities and update once per day.

How Much Will 10 Grams of Gold Actually Cost You?

Ten grams of 22K gold in Mumbai costs Rs 1,33,900 at today's base rate, but the amount you pay at a jeweller will be higher once making charges and 3% GST are added.

Making charges are what jewellers charge for converting raw gold into a finished piece. The range is wide: plain chains and bangles attract 8 to 12 percent, handcrafted pieces run 15 to 25 percent, and antique or heavily studded jewellery can go up to 35 percent. The 3% GST applies to both the gold value and the making charges combined, per the GST Council rate for gold jewellery.

For maximum gold per rupee, buy coins or bars rather than jewellery. Gold coins at most jewellers attract flat making charges of Rs 50 to Rs 200 per gram instead of percentage-based charges. At 10 grams, that is Rs 500 to Rs 2,000 in making charges instead of Rs 13,390 to Rs 33,475 for jewellery at the same weight.

Gold Price in India: Last 10 Days

Over the last 10 days, 24K gold has swung between Rs 14,564 and Rs 15,153 per gram, with June 19 recording the largest single-day crash of Rs 365 per gram.

The Rs 365 single-day fall on June 19 stands out in this data. It was not a gradual decline but a sharp correction, triggered by a risk-on session in global markets where safe-haven assets including gold sold off together with government bonds.

The Rs 245 gain on June 15 and the Rs 294 gain on June 12 were the two largest positive days in the 10-day window, but they were not enough to offset the sustained downtrend from June 16 through June 19. Today's Rs 22 gain is the first positive day in five sessions.

Why Gold Has Fallen 6.49% in June 2026

Gold has fallen 6.49% in June 2026, from Rs 15,622 on 01 June to Rs 14,608 today, driven by three converging global forces: a stronger US dollar, easing geopolitical risk premiums, and profit-booking after gold hit near-record levels.

Gold is priced globally in US dollars. When the US dollar strengthens (measured by the DXY index), gold becomes more expensive in other currencies, which reduces demand from non-US buyers and pulls prices down. June 2026 has seen dollar strength on the back of the US Federal Reserve holding rates higher for longer than markets had expected.

Geopolitical risk is a major demand driver for gold. When global tensions ease, the safe-haven premium built into gold prices gets unwound as capital moves back to risk assets. The June 19 crash of Rs 365 per gram coincided with a broad risk-on session in global markets where equities gained and safe-haven assets, including gold and government bonds, sold off simultaneously.

Indian gold rates absorb these global moves the next morning when local associations announce their daily rates, which are derived from the previous day's MCX settlement price. The MCX price itself tracks international spot gold prices converted to Indian rupees at the prevailing USD-INR exchange rate. The practical consequence: a global overnight move of $15 per troy ounce translates to roughly Rs 150 per 10 grams in domestic rates the next day.

What Drives Gold Prices in India

Gold prices in India are driven by international spot prices, the USD-INR exchange rate, and import duties, with domestic seasonal demand and central bank buying acting as secondary forces.

India imports 700 to 800 tonnes of gold per year, making it the world's second-largest importer after China. Imported gold attracts a basic customs duty of 5% plus an Agriculture Infrastructure Development Cess of 5%, totalling an effective import duty of approximately 10% (revised downward in Budget 2024 from the earlier 15%). This 10% tariff is the structural wedge between international prices and Indian retail prices.

Central bank gold buying has been a major tailwind globally since 2022. The RBI has been adding gold to India's foreign exchange reserves to diversify away from US dollar assets. Globally, central banks bought over 1,000 tonnes of gold in 2023, a near-record pace. This sustained institutional demand is a floor under gold prices and is the primary reason gold remained elevated through the first half of 2026 despite the June correction.

If you purchased gold between 2020 and 2022 at significantly lower prices, the CAGR Calculator shows the actual annualised return on your holding at today's rate, which is useful context when deciding whether to continue holding or redeploy capital elsewhere.

24K vs 22K vs 18K Gold: Which Should You Buy?

24K gold is 99.9% pure and best for investment; 22K is 91.6% pure and the standard for jewellery across India; 18K is 75% pure and common for studded and designer pieces.

For jewellery that will be worn and later resold, 22K BIS hallmarked pieces have the most liquidity: any jeweller in India will buy them at the prevailing 22K rate minus a small buyback deduction. 18K jewellery is harder to resell at fair value outside metro cities because smaller jewellers may not stock the 18K melt rate.

For pure investment, 24K coins or bars maximise the gold content per rupee spent. Making charges on coins are flat and low (Rs 50 to Rs 200 per gram), unlike the percentage-based making on jewellery that adds 8 to 35 percent to your cost. The 3% GST applies to both, so there is no GST advantage in choosing coins over jewellery.

Physical Gold vs Sovereign Gold Bonds vs Gold ETFs

Sovereign Gold Bonds (SGBs) are the most cost-efficient way to hold gold in India for investors with a long horizon, offering 2.5% annual interest and zero long-term capital gains tax at maturity, two advantages physical gold and Gold ETFs cannot match.

Physical gold's main advantages are immediate liquidity (any jeweller will buy it) and the ability to use it as jewellery or collateral for a gold loan. Its main disadvantages are making charges, 3% GST on purchase, and theft or loss risk. Gold ETFs trade on NSE like stocks, require a demat account, and carry no storage risk. They track 24K gold prices and have no making charges, but they earn no interest and attract 12.5% LTCG after 24 months.

SGBs dominate on paper for investors with an 8-year horizon: tax-free gains at maturity plus 2.5% annual interest effectively makes the SGB a government bond backed by gold prices. The practical caveat is that SGB subscriptions are not always open. They are issued in specific windows announced by the RBI at rbi.org.in. Between windows, you can buy existing SGBs on BSE or NSE but often at prices that differ from the prevailing gold rate.

If you are considering selling any gold investment, the Capital Gains Calculator shows the exact STCG or LTCG liability at your purchase price, today's price, and your current income tax slab before you decide.

Tax on Gold in India: STCG, LTCG, and SGB Rules

Tax on selling gold in India depends on the gold type and holding period: physical gold and Gold ETFs attract LTCG at 12.5% after 24 months, while Sovereign Gold Bonds held to maturity (8 years) are fully tax-free.

Budget 2024, effective from 23 July 2024, removed the indexation benefit from gold LTCG calculations. Before this change, you could apply CPI inflation indexation to your purchase cost, which significantly reduced the taxable gain on long-held gold. That benefit is now gone. The rate also moved from 20% with indexation to 12.5% without indexation. For gold held since before 2017, the old rules were more favorable for most investors.

The Capital Gains Calculator handles both the old and new gold tax rules. Enter your purchase date and price, and it applies the correct regime automatically. Verify the latest rules at incometax.gov.in before filing.

How to Check Gold Purity and HUID Before Buying

Every piece of gold jewellery above 2 grams sold in India must carry a BIS hallmark with a six-digit HUID (Hallmarking Unique ID) that you can verify in seconds on the BIS Care app.

BIS hallmarking became mandatory for gold jewellery in India from September 2021 under the BIS Hallmarking Quality Control Order. A genuine BIS hallmark has four visible elements: the BIS triangle logo, the purity code (916 for 22K, 750 for 18K, 999 for 24K), and the HUID, a six-digit alphanumeric code that is unique to that individual piece and registered in the BIS national database. Every HUID-registered piece is traceable to the jeweller who submitted it for hallmarking and the BIS-certified hallmarking centre that tested it.

To verify: open the BIS Care app (available on Android and iOS), tap HUID Verification, and enter the six-digit code stamped on the piece. If the search returns the jeweller name, item type, and hallmarking date, the hallmark is genuine. If the HUID returns no result, the hallmark is fabricated. You can also run the same check on the BIS portal at bis.gov.in. From June 2023, selling unhallmarked gold jewellery above 2 grams is illegal for any BIS-registered jeweller in India.

For gold bars and coins used as investment, look for the NABL-accredited refinery stamp, purity certificate, and serial number. Coins issued by the India Gold Coin scheme (by MMTC-PAMP) and the RBI-issued Sovereign Gold Bonds are guaranteed by the government and carry no authenticity risk.

Frequently Asked Questions on Gold Rate Today