metalspread.com provides the live gold rate today sourced directly from MCX (Multi Commodity Exchange) gold futures — the benchmark for gold pricing in India. Prices are shown for 24 karat (24K), 22 karat (22K), and 18 karat (18K) gold in both INR and USD, per gram, per 10 grams, and per troy ounce.

The gold price today is influenced by international spot prices (London Bullion Market Association — LBMA), currency exchange rates (USD/INR), import duties, and local demand-supply dynamics. As of July 2024, the effective import duty on gold in India is 6%, down from 15% — a significant reduction that has impacted domestic gold pricing.

Gold ETFs in India

Gold Exchange-Traded Funds (ETFs) allow investors to gain exposure to gold without holding physical metal. India has 11+ gold ETFs listed on NSE and BSE, including GOLDBEES, HDFC Gold ETF, SBI Gold ETF, and others. metalspread.com tracks daily closing prices of all major gold ETFs so you can compare performance, expense ratios, and tracking accuracy.

Gold Import Duty & Policy

Gold imports into India are regulated by the RBI and DGFT. Only 16 authorized banks and 5 government-nominated agencies (MMTC, PEC, HHEC, MSTC, Brinks) are permitted to import gold bullion. The Sovereign Gold Bond (SGB) scheme, which offered 2.5% annual interest on gold investments, is currently paused since February 2024.

Gold Refineries & Supply Chain

India has 25+ BIS-licensed gold refineries, with MMTC-PAMP being the only LBMA-accredited domestic refinery. Gold is delivered through IIBX (India International Bullion Exchange) vaults in GIFT City and Chennai, and through MCX-designated delivery vaults across Mumbai, Ahmedabad, Delhi, and Hyderabad.