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Tuesday · 3 Nov 2026 · India

Gold rate today in Indore

Bhavflow’s indicative rate today: 22K gold ₹1,26,858 per 10 g (₹12,686/g), 24K gold ₹1,38,391 per 10 g (₹13,839/g), 18K gold ₹1,03,793 per 10 g (₹10,379/g) and silver ₹1,80,717 per kg. This is one national rate, not a Indore board rate; jewellers in Indore may quote slightly different prices.

A little clarity for your day
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The essentials

Today's rates

Indore · national indicative rate · gold per 10 g (per gram below), silver per kg

Today’s rates · 3 Nov

Gold 22K

916

₹1,26,858/10 g

₹12,686/g

Down −₹1,823−1.42%vs yesterday

Gold 24K

999 fine

₹1,38,391/10 g

₹13,839/g

Down −₹1,988−1.42%vs yesterday

Gold 18K

750

₹1,03,793/10 g

₹10,379/g

Down −₹1,491−1.42%vs yesterday

Silver

999 fine

₹1,80,717/kg

₹1,807/10 g

Down −₹6,945−3.70%vs yesterday

IBJA benchmark, 3 Nov 2026 STALE

PurityAMPM
Gold 999 (24K), per 10 g₹1,38,118–
Gold 995, per 10 g₹1,37,565–
Gold 916 (22K), per 10 g₹1,26,516–
Gold 750 (18K), per 10 g₹1,03,589–
Silver 999, per kg₹1,77,300–

PM rates are not published yet.

Source: India Bullion and Jewellers Association (ibjarates.com). Benchmark rates excluding GST and making charges, published twice a day; Bhavflow’s own rate is in the cards above.

Before you buy: Indicative rate, excludes 3% GST and making charges. How we calculate

Calculate jewellery priceRate × weight + making charge + 3% GST

Gold price by weight

At Bhavflow’s national indicative rate, excluding GST and making charges.

WeightGold 24KGold 22KGold 18K
1 gram₹13,839₹12,686₹10,379
8 grams (1 sovereign / pavan)₹1,10,713₹1,01,487₹83,035
10 grams₹1,38,391₹1,26,858₹1,03,793
100 grams₹13,83,908₹12,68,583₹10,37,931

Why prices in Indore can differ

Bhavflow publishes one national indicative rate. A Indore jeweller’s board rate can be slightly higher or lower because of local association or bullion-dealer rates, transport and insurance costs, and the shop’s own margin; making charges and 3% GST come on top.

Many karigars in Indore’s jewellery workshops come from West Bengal, and much of what is sold in Sarafa is made locally to order.

Silver jewellery and articles are a big part of Indore’s trade; see the silver rate page for today’s silver price.

Where to buy gold in Indore

Indore’s Sarafa Bazaar, close to Rajwada, dates back to the Holkar era. It is a jewellery market by day and turns into the city’s famous night-time food street after the shops close.

Sarafa Bazaar (Bada and Chhota Sarafa)
The historic jewellery market near Rajwada, known for gold and silver jewellery from generations-old family shops.
M. G. Road
Showrooms of national jewellery chains.

Buying gold in Indore: a local guide

Local bullion market

Indore’s Sarafa Bazaar near Rajwada dates back to the Holkar era. Generations-old family shops sell gold and silver jewellery by day, and the street turns into the city’s famous night-time food market after they close. M. G. Road has showrooms of national chains, and much of what Sarafa sells is made locally to order.

Hallmarking and purity testing

BIS-recognised Assaying & Hallmarking Centres operate in Indore, including in the Sarafa area. Every hallmarked piece should show the BIS logo, its purity and a 6-digit alphanumeric HUID, which you can verify in the BIS CARE app. Any recognised centre will also test a consumer’s jewellery for a fee and issue a report.

Festivals and wedding season

Pushya Nakshatra before Diwali is one of the busiest gold-buying days in Indore, along with Dhanteras, Akshaya Tritiya and the wedding season. Silver coins and utensils sell heavily at Dhanteras.

Buying tips

When you have a piece made to order, agree on the purity, the expected weight and the making charges in writing, and ask for the finished piece to be hallmarked with a HUID. Visit Sarafa in the daytime, add 3% GST to the total, keep the GST invoice, and check the buyback terms before you pay.

Before you buy: hallmark, HUID and making charges

  • Check the BIS hallmark on every piece: the BIS logo, the purity grade (for example 22K916 or 18K750) and a 6-digit HUID. Since 1 April 2023, registered jewellers may only sell hallmarked gold jewellery that carries a HUID (small items under 2 g and kundan, polki and jadau pieces are exempt).
  • Verify the HUID in the BIS CARE app (Verify HUID): it shows the purity, the type of article and the jeweller’s registration, which should match your bill.
  • Making charges vary widely. As general guidance, machine-made chains and plain bangles are often in the range of about 3–10% of the gold value, while handcrafted, temple, antique or filigree work commonly runs 12–25% or more; some jewellers charge a flat amount per gram instead. Ask for the charge in writing and compare shops.
  • 3% GST is charged on the jewellery bill. Ask for a GST invoice that lists net weight, purity, rate per gram, making charges, HUID and tax separately.
  • Ask about buyback and exchange terms before you buy: most jewellers pay the day’s rate for the tested purity minus a deduction.

More detail on purity and pricing: 22 carat gold rate and price guide.

Read before you buy gold in Indore

Gold rate in Indore: FAQ

When is Sarafa Bazaar open for jewellery?

Jewellery shops trade during the day. In the evening, once they close, the street turns into a food market, so visit in daytime to shop for gold or silver.

Is the gold rate in Indore the same as in Bhopal?

Very close. Local association rates and shop margins can differ slightly; GST is the same 3% everywhere.

Indore mein sone ka bhav aaj kya hai? (gold rate today in Indore)

Sone ka bhav aaj, today’s gold rate, is at the top of this page: Bhavflow’s national indicative rate for 22K, 24K and 18K gold per 10 grams and per gram, and chandi ka bhav aaj ka (today’s silver rate) per kg, all excluding GST and making charges. The IBJA benchmark (AM and PM) is shown next to it for comparison.

Does Bhavflow show a Indore-specific gold rate?

No. Bhavflow publishes one national indicative rate, calculated from international prices, and shows it on every city page. Jewellers in Indore may quote slightly different rates because of local association or bullion-dealer rates, transport and insurance costs and their own margins, and they add making charges and 3% GST.

Gold rate in other cities

Simple numbers. Clear assumptions. 🌿

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