IBJA Gold Rate Today — Indian Bullion and Jewellers Association
Live gold rates declared by IBJA, the official benchmark for gold prices in India. Updated daily with 22K and 24K prices per gram.
Today's IBJA Gold Rate (Per Gram)
24K (999 Purity)
₹8,188
22K (916 Purity)
₹7,506
18K (750 Purity)
₹6,141
International (USD/oz)
$3,050.00
Rates are indicative and based on international gold prices. Actual IBJA declared rates may vary slightly.
What is IBJA?
The Indian Bullion and Jewellers Association (IBJA) is India's premier trade body for the bullion and jewellery industry, headquartered in Mumbai. Established to regulate and standardize gold trading practices across India, IBJA represents over 2,500 members including jewellers, bullion dealers, refiners, and importers.
IBJA's daily gold rate declaration is the most trusted benchmark for gold prices in India. Banks, jewellers, and financial institutions reference IBJA rates for gold loans, Sovereign Gold Bonds (SGB) pricing, and jewellery transactions nationwide.
How IBJA Gold Rate is Calculated
| Component | Value |
|---|---|
| International Gold Price (LBMA) | $3,050.00/oz |
| USD/INR Exchange Rate | ₹83.50 |
| Import Duty (15%) | Included |
| GST (3%) | Included |
| 24K Gold Rate (per gram) | ₹8,188 |
| 22K Gold Rate (per gram) | ₹7,506 |
IBJA rate = (International price per oz ÷ 31.1035 × USD/INR rate) + Import duty + GST. The final rate includes all applicable duties and taxes on gold bullion.
IBJA Gold Rate Today in Major Indian Cities
| City | 24K (per gram) | 22K (per gram) |
|---|---|---|
| Mumbai (IBJA headquarters) | ₹8,188 | ₹7,506 |
| Delhi | ₹8,203 | ₹7,520 |
| Chennai | ₹8,208 | ₹7,524 |
| Bangalore | ₹8,198 | ₹7,515 |
| Kolkata | ₹8,213 | ₹7,529 |
| Hyderabad | ₹8,206 | ₹7,522 |
| Ahmedabad | ₹8,200 | ₹7,517 |
| Jaipur | ₹8,210 | ₹7,526 |
Prices may vary slightly between cities due to local demand, transportation costs, and jeweller margins. Check all city rates →
IBJA Gold Rate vs Jewellery Shop Price
| Factor | IBJA Rate (Bullion) | Jewellery Shop Price |
|---|---|---|
| Base Price | ₹7,506/gram (22K) | ₹7,506/gram (22K) |
| Making Charges | Not applicable | 8-25% of gold value |
| GST | 3% (included in rate) | 3% on gold + 5% on making charges |
| Wastage | None | 2-7% depending on design |
| BIS Hallmark | N/A for bullion | Mandatory for jewellery |
When Does IBJA Declare Gold Rates?
IBJA declares gold rates twice every working day:
AM Fixing
Around 11:30 AM IST
Based on morning international gold prices and opening USD/INR rate
PM Fixing
Around 4:30 PM IST
Based on afternoon trading and closing USD/INR rate
IBJA does not declare rates on Sundays, national holidays, and Mumbai exchange holidays. Weekend rates use the last PM fixing.
IBJA Gold Rate - Frequently Asked Questions
What is IBJA gold rate?
IBJA (Indian Bullion and Jewellers Association) gold rate is the benchmark gold price in India. IBJA, based in Mumbai, represents over 2,500 jewellers and bullion dealers across India. They declare official gold rates twice daily (AM and PM fixing) that serve as the reference price for gold transactions across the country.
What is the IBJA gold rate today for 24 carat?
Today's IBJA 24 carat (999 purity) gold rate is approximately ₹8,188 per gram. This rate is based on the international gold price of $3,050.00 per troy ounce and the current USD/INR exchange rate of 83.50. IBJA updates rates twice daily.
What is the IBJA gold rate today for 22 carat?
Today's IBJA 22 carat (916 purity) gold rate is approximately ₹7,506 per gram. 22K gold is the most popular purity for jewellery in India as it offers a good balance of purity and durability. The rate is derived from the 24K rate with adjustments for purity.
How does IBJA determine gold prices?
IBJA determines gold prices based on the London Bullion Market Association (LBMA) international gold price, the USD/INR exchange rate, import duties (currently 15%), GST (3%), and local market demand. The rates are declared twice daily - morning (AM fixing around 11:30 AM IST) and afternoon (PM fixing around 4:30 PM IST).
Why is IBJA gold rate different from jewellery shop prices?
IBJA rates are for pure bullion (raw gold). Jewellery shop prices are higher because they include making charges (8-25% depending on design complexity), GST at 3%, hallmarking charges, wastage charges, and the jeweller's profit margin. Always ask for a detailed bill breakdown when buying gold jewellery.
Is IBJA gold rate same across all cities in India?
IBJA declares a standard rate, but actual gold prices can vary slightly between cities due to local demand and supply, transportation costs, state-level taxes, and competition among jewellers. Major cities like Mumbai, Delhi, Chennai, and Bangalore usually have rates very close to the IBJA standard.