Gold price per ounce in INR
One troy ounce of gold is about Rs 3,68,832 at the world price (US$3,884.90 on COMEX, USD INR Rs 94.94). Compare it with the same weight at the IBJA 999 rate.
Results update as you type. Nothing you enter is stored.
| Troy ounces | US$ | Rupees (world) |
|---|---|---|
| 0.1 | US$388.49 | Rs 36,883 |
| 0.25 | US$971.23 | Rs 92,208 |
| 0.5 | US$1,942.45 | Rs 1,84,416 |
| 1 | US$3,884.90 | Rs 3,68,832 |
| 2 | US$7,769.80 | Rs 7,37,665 |
| 5 | US$19,424.50 | Rs 18,44,162 |
| 10 | US$38,849.00 | Rs 36,88,324 |
COMEX gold futures and USD INR, 01:30 IST | Source: Yahoo Finance. 1 troy oz = 31.1034768 g.
How it works
World gold is quoted in US dollars per troy ounce. Converting to rupees uses the live USD INR rate. The Indian IBJA benchmark usually differs from this converted figure because it includes import costs and the local premium or discount, and because the two are priced at different times; the calculator shows the gap.
Formula
Rupees = ounces x COMEX price in US$ x USD INR
Frequently asked questions
What is the price of 1 ounce of gold in India?
At the world price, about Rs 3,68,832. The IBJA rate for 31.1 g of 999 gold is shown alongside.
Why is the Indian gold rate higher than the world price?
Duties, the local premium or discount and timing differences separate the two; we show the gap but do not model it.
Is COMEX the spot price?
We use the COMEX gold futures price as the world reference.
Related
This tool is for information only and is not investment, tax or legal advice. Results depend on the inputs and assumptions you enter; check important figures with the official source or a qualified professional.