Gold Price Today And GST: We all know that with Diwali just around the corner and Navratri festivities in full swing, everyone’s buzzing about discounts and price cuts and GST, especially in the automobile sector and day to essentials .
But let’s be very honest, what really gets hearts racing in India is precious metal, GOLD!
Whether you’re thinking of investing or planning to surprise your loved ones with shiny new ornaments, buying gold before Diwali is always a smart move.
But wait, do you know how GST affects your gold purchase?
The good news is the GST rate on gold remains steady at 3%, so no surprises there! However, remember that making charges on jewellery come with their own GST. And if you’re tempted by digital gold (yes, that’s a VERY TRENDY thing!), it also carries the same 3% GST. So, before you rush to grab that sparkling treasure this festive season, here’s the lowdown to keep your wallet, and your celebrations, happy!
Current Gold Price In Delhi (24K & 22K)
- 10 grams of 24K (99.9%) gold price in Delhi:
- ₹1,17,475
- 22K gold price 10 gram:
- ₹1,06,200
- Additional making charges or fees: ₹240 per gram
Before the market and trading indices closed the gold price was eding high, and as of September 23, 2025, 10g of 24K gold in Delhi costs ₹1,17,475, while 22K gold is ₹10,620 per gram plus ₹240 extra charges. Stay updated for smart buying!
What’s The Current GST Rate On Gold?
- The GST Council, led by Finance Minister Nirmala Sitharaman, recently reviewed the tax rates on gold.
- Despite new reforms, the GST rate on gold has been kept unchanged.
- The physical gold market is highly sensitive to tax changes.
- To maintain stability and continuity in taxation, the GST rate on gold remains at 3%.
Is There GST On Making Chrges As well?
One of the biggest questions everyone asks before buying gold is: “Does the 3% GST apply to making charges too?”
The answer? It’s a bit of a two-step dance!
When you buy something like a 22-carat gold chain, you pay 3% GST on the gold itself.
But wait, there’s more! Jewellers charge a 5% making fee for their craftsmanship, and guess what? That also has GST added on top. So, you’re actually paying GST twice, once on the gold and once on the making charges. This two-slab GST system is still very much alive and kicking, so keep it in mind when shopping for your sparkle!
Aishwarya is a journalism graduate with over three years of experience thriving in the buzzing corporate media world. She’s got a knack for decoding business news, tracking the twists and turns of the stock market, covering the masala of the entertainment world, and sometimes her stories come with just the right sprinkle of political commentary. She has worked with several organizations, interned at ZEE and gained professional skills at TV9 and News24, And now is learning and writing at NewsX, she’s no stranger to the newsroom hustle. Her storytelling style is fast-paced, creative, and perfectly tailored to connect with both the platform and its audience. Moto: Approaching every story from the reader’s point of view, backing up her insights with solid facts.
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