The gold rate you see for Kadapa changes every day — sometimes every hour. Here is what drives it, in plain words.
1. The international gold price
Gold is traded worldwide in US dollars per troy ounce (31.1035 grams). Global demand, interest rates and world events move this price all day.
2. The dollar–rupee exchange rate
India imports most of its gold, so the international price is converted into rupees. When the rupee weakens against the dollar, gold becomes costlier in India even if the world price stays the same.
3. Import duty and the Indian premium
On top of the converted price come import duty and the local market premium or discount, which depends on demand in India — it is usually higher during weddings and festivals. Together, these explain why the Indian rate is noticeably higher than the international price converted to rupees.
4. The benchmark rate
The India Bullion and Jewellers Association (IBJA) publishes benchmark rates for 999 (24K) gold twice a day. City rates on news sites are close to these, with small local differences.
Buying rate vs selling rate
- When you buy jewellery, you pay the gold rate plus making charges and 3% GST.
- When you sell gold, the buyer pays a buying rate per gram for the fine gold — usually a little below the live market rate, to cover testing and handling.
So the "rate on TV" is a reference; what matters is the buying rate per gram and how your gold's weight and purity are measured.
How VRGOLD shows the rate
Our gold rate page shows two numbers side by side:
- Live gold — the market price per gram, updated every few seconds and matched to the published Indian rate;
- VRGOLD rate — what we pay per gram of pure gold today.
Try the gold calculator to see what that means for your jewellery, or read about selling gold in Kadapa.