India vs USA Gold Price Today (in INR)

Why India's gold price is higher than the USA's

• Import duty. India imports almost all of its gold, and the customs duty (10% Basic Customs Duty + 5% AIDC = 15% since May 2026) is charged on the international price before the gold reaches a jeweller. The US charges no comparable duty on bullion, so this is the largest single reason for the gap.
• GST. India adds 3% GST (1.5% CGST + 1.5% SGST) on gold at the point of sale. US buyers pay state sales tax instead, which ranges from 0% to over 10% by state and is often waived on investment-grade bullion.
• Local market premium. Dealers add or shave a margin over the import-parity price depending on local demand, festivals and supply. In some weeks Indian prices trade at a discount to parity, as the World Gold Council noted in September 2026.
• Rupee movement. Gold is priced in dollars, so a weaker rupee raises the rupee price of the same ounce even if the dollar price is flat. That moves the US-price-in-INR figure on this page, and the India price with it.
• Making charges (jewellery only). None of the figures on this page include making charges, which add roughly 8–25% to Indian jewellery and are priced very differently in the US. Use the jewellery calculator to see a full cost.

See how a full jewellery bill is built with the gold jewellery calculator, or check today's gold rate in your city.

Buying gold in the USA to bring to India?

• Returning Indian residents who've lived abroad over a year can bring gold jewellery in duty-free up to a weight limit only — 40g for women, 20g for men/others — with no separate value cap since the 2026 Baggage Rules revision.
• India charges a total 15% customs duty on imported gold (10% Basic Customs Duty + 5% AIDC, hiked from 6% in May 2026), plus 3% GST at sale.
• No tourist tax-refund scheme exists in the US.

Methodology and sources

• US price (in INR) = spot gold in USD per troy ounce ÷ 31.1035 grams × the USD/INR rate × purity (24K 99.9%, 22K 91.67%, 18K 75%).
• India price = the US price × (1 + import duty) × (1 + local premium) × (1 + GST). The local premium is currently set to zero, so the India figure is a pure import-parity estimate.
• Gap = India price − US price, shown in rupees and as a percentage of the US price.
• Spot gold comes from gold-api.com (goldapi.io as a backup) and USD/INR from open.er-api.com (frankfurter.app as a backup). Prices refresh server-side about every 5 minutes; if a source is down we show the last good value with its true timestamp.
• Duty, GST and the local premium are reviewed after every Union Budget and customs notification; the date they were last checked is shown on the page.

Import duty, GST and premium last reviewed: 2026-10-13. Figures are indicative and are not trading or investment advice. Read more on our methodology page.

Frequently asked questions