Gold rate today in Punjab
The 24 carat gold rate in Punjab is ₹ 133,952 per 10 grams and ₹ 13,395 per gram at the state benchmark. 916 (22 carat), the grade most jewellery is made from, is ₹ 122,789 per 10 grams.
In pavan terms — the unit most of southern India actually buys in — one pavan of 916 gold is ₹ 98,232 and one pavan of 24 carat is ₹ 107,162. A pavan is 8 grams.
The Punjab gold market
Supply runs through the Delhi belt. The state's established wholesale clusters supply retailers across Punjab and into Himachal, which keeps spreads more competitive than the freight distance alone would suggest.
Lohri, Baisakhi and the wedding season concentrate buying. Punjabi weddings drive unusually high per-transaction weights compared with the national average.
Buying gold in Punjab
On heavy traditional pieces the wastage percentage matters more than the making charge, because it scales with weight. Get it quoted explicitly before agreeing.
Beyond that, the same four questions apply anywhere: the metal rate for the exact karat, the making charge, the wastage percentage, and the tax — each as its own number. A single all-in price cannot be compared against anything.
The background, in one place
- How gold rates are decided — spot, exchange rate, import parity and premium, with live numbers at each step.
- 22K vs 24K — every lower grade is a fixed fraction of the 24 carat price, and the guide shows the arithmetic.
- What 916 means and what a pavan is — the two terms this market trades in.
- Making charges and wastage — where two quotes on the same rate actually diverge.
- Verifying a hallmark — what the stamps guarantee, and what they do not.