Gold prices today: Gold jewellery rates of Tanishq, Malabar Gold, Joyalukkas, Kalyan Jewellers
In India, gold prices vary by city thanks to several factors such as taxes, shipping costs, purity standards, and local demand and supply.
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Taxation of gold
Different states imposed different value-added taxes (VAT) on gold. All states now impose the same tax on gold, though, as the Goods and Services Tax (GST) took the place of the VAT. Transportation, regional supply and demand, hallmarking, charging, etc. are the main causes of pricing variations in each city.
Gold used in jewellery
Indians invest in gold in a number of ways, including gold jewellery. The measurement of gold purity is known as karat (KT), and jewellery is offered in a variety of karats. The purest variety of gold, 24KT gold, is too brittle to be used in the production of jewellery. The 22K is the most common kind of gold used in jewellery, containing 91.6% gold. It is possible to buy 14Karat and 18Karat gold jewellery. 14- and 18-karat gold will cost less than 22-karat gold.
Let us take a look at the gold prices of a few famous jewellery brands in India as on April 20, 2024(11.30 AM IST).
*Gold rate as on April 19, 2024
Source: Jeweller websites
What is gold hallmarking?
Hallmarking is the accurate determination and official recording of the proportionate content of precious metal in precious metal articles. Hallmarks are thus official marks used in India as a guarantee of purity or fineness of precious metal articles, according to
