24-carat gold was quoted at Rs 15,584 per gram in India on September 20, or Rs 1,55,840 for 10 grams, though another listing put it at Rs 1,55,999, and silver held at Rs 255 per gram.
The gap between those two gold figures, about Rs 159 on 10 grams, is a useful reminder that there is no single gold price in India. Rates differ by source, city, time of day and even whether they include taxes.
The difference between the advertised rate and what you pay for jewellery is bigger still. Making charges, GST and other costs are added, and they can matter more than a small daily move in the bullion rate.
That is why the practical advice is to compare the total bill from different jewellers rather than the per-gram headline, and to verify purity through hallmarking.
For anyone using the rate as a signal of the market, the more informative comparison is the movement over days and weeks against a single consistent source, not the level on a single morning.
Other listings showed slightly different figures, with one putting 24-carat gold at Rs 1,55,999 per 10 grams, because bullion rates vary by source and time of day.
Advertised per-gram rates do not reflect the final cost of jewellery, which also includes making charges, GST and other costs.
Buyers are advised to compare the total jewellery bill rather than only the advertised gold rate.
Purity should be checked, and hallmarked jewellery is the standard way to verify the carat of gold.
Gold prices in India are influenced by global bullion prices, the rupee exchange rate, import duties and local demand.
Festival and wedding seasons typically raise demand for gold in India, which can support prices.
Rates are indicative and can change during the day, so buyers should confirm the live rate with their jeweller before purchase.
Gold jewellery, Kolkata (representative image), Wikimedia Commons, CC BY-SA 4.0