Gold Rate Today, Silver Price in India — Live MCX, LBMA & Jeweller Prices

This page shows live gold and silver prices from MCX (Multi Commodity Exchange) futures, updated every minute during trading hours (Mon–Fri, 9 AM–11:30 PM IST). Gold is quoted per 10 grams at 995 fineness, silver per kilogram at 999 fineness. We also show exchange benchmarks from COMEX (US), LBMA (London), and SGE (Shanghai) converted to INR for comparison.

The jeweller rates section shows live 24K, 22K, and 18K gold prices per 10g from major Indian jewellers including Tanishq, Malabar Gold, Kalyan, and Joyalukkas. These are fetched from each jeweller's public website. The premium percentage shown next to each jeweller indicates how much their rate exceeds the MCX base rate — this helps you compare which jeweller offers the most competitive pricing.

The Gold ETF section compares daily closing prices of 25+ gold ETFs listed on NSE and BSE, all normalized to INR per 10g of gold. You can toggle individual ETFs on/off and switch between 1-month, 3-month, 1-year, and 3-year timeframes. Price differences between ETFs reflect varying expense ratios, tracking errors, and liquidity levels.

The imports section shows India's annual gold and silver import volumes and values sourced from DGCIS (Directorate General of Commercial Intelligence and Statistics). Data is broken down by HS code, country of origin, and port of entry. This helps track import trends and understand India's reliance on gold imports (~800 tonnes annually).

The RBI section shows India's gold reserves as reported weekly by the Reserve Bank of India — current holdings in tonnes, value in USD and INR, gold's share of total forex reserves, and year-over-year changes. RBI has been steadily accumulating gold, adding over 200 tonnes in the past five years.

The spot rate section shows bullion dealer sell prices across Indian cities, sourced from authorized dealers. These spot rates are for 999 purity gold per 10g and represent the wholesale physical gold price in each city. Prices vary slightly between cities due to local demand, transportation costs, and dealer margins.

The Spreads & Premiums section shows the price difference between market layers. Spot vs LBMA measures the domestic premium over the international benchmark (positive means India is expensive). Spot vs COMEX compares against US futures. MCX vs Spot shows futures contango or backwardation. MCX vs COMEX is the tradeable arbitrage spread. A positive spread means Indian prices are above international levels, often due to demand surges or import restrictions.

MetalSpread Pulse (MS Pulse) is a composite indicator that shows whether it's currently cheap or expensive to buy gold and silver in India compared to global markets. It combines four signals: Spot vs LBMA spread (40% weight), Spot vs COMEX spread (30%), MCX vs Spot spread (20%), and Gold/Silver ratio deviation (10%). A score below zero means India is at a discount to international prices; above zero means a premium.

The LBMA chart shows historical gold and silver benchmark prices set by the London Bullion Market Association. The gold fix is set twice daily (AM at 10:30 AM and PM at 3:00 PM London time) in USD per troy ounce. The silver fix is set once daily at 12:00 PM. These are the global reference prices used by central banks, refineries, and mining companies worldwide. The chart converts these to INR using historical USD/INR rates.

Tokenized gold is digital tokens on blockchain networks where each token is backed 1:1 by physical gold stored in LBMA-accredited vaults. PAXG (Paxos Gold) and XAUT (Tether Gold) are the two largest. Unlike gold ETFs, tokenized gold can be traded 24/7 and redeemed for physical bars. Unlike physical gold, there are no storage costs but there are blockchain transaction fees. metalspread.com tracks tokenized gold prices in INR so you can compare them with MCX, LBMA, and ETF prices.