Gold rate in Indore today
The 24K gold rate in Indore today is ₹ 133,952 per 10 grams, ₹ 13,395 per gram and ₹ 156,239 per tola. Rates on this page are recalculated throughout the trading day, so the figure you see is the one in force right now.
For jewellery buyers the more relevant grade is 22 karat, currently ₹ 122,789 per 10 grams. Twenty-one karat, common in Gulf-style designs, is ₹ 117,208, and 18 karat — the standard for diamond and stone settings — is ₹ 100,464. Twenty karat, occasionally quoted for lighter pieces, works out at ₹ 111,627 per 10 grams.
Silver in Indore is trading at ₹ 201.44 per 10 grams for 999 fine, or ₹ 6,265 per troy ounce.
The Indore gold market
Indore is the largest gold market in Madhya Pradesh and serves a wide central-India catchment. Its trading community gives it a somewhat more investment-minded buyer base than neighbouring cities, with coins and plain heavy pieces making up a reasonable share of turnover.
Where Indore sits against the rest of India
Of the 101 India markets we price, Indore is currently the 30th cheapest . It sits ₹ 187 per 10 grams above Mumbai, the national floor. Kottayam, the dearest market, is a further ₹ 227 above here.
That gap is not a markup anyone chose. The metal costs the same everywhere on earth at any given second — what differs is the cost of getting a physical bar onto a counter in Indore: freight from the point of import, insurance in transit, security and storage, and how many dealers compete locally. The live national ranking shows every market side by side.
Buying gold in Indore
Ask about coins and bars if the purpose is saving rather than wearing — they are readily available here and carry almost no making charge. On jewellery, the wastage percentage is the figure most often left unstated; ask for it explicitly.
Whatever else you do, get four figures separately before agreeing anything: the metal rate for the exact karat you are buying, the making charge, the wastage percentage, and the tax. With those four, two shops become directly comparable. With a single all-in price, they cannot be — and a shop unwilling to break it down has told you something about the price.
One more local reference point: at current Indore rates a gram of 24K gold costs about 66× a gram of 999 silver. Silver rates for Indore are published in full.
Before you buy or sell in Indore
These cost people more money than the rate itself does, and each is worth two minutes:
- Two words decide the price here. 916 is the hallmark for 22 carat, and a pavan is 8 grams — get both straight before comparing shops.
- Making charges, not the gold rate, are what differ between shops. How they are calculated, and why a low charge with high wastage can cost more than the reverse.
- Check the karat before you check the price. What the stamps guarantee and which tests actually prove anything — the magnet test only works in one direction.
- Understand where the number comes from. The full chain from dollar spot to the board outside your jeweller, with today's live figures at each step.