Gold Price Today, 18, 22 & 24 Carat Gold Rate in Gujarat
Gold Price in Gujarat – 20 Septemer, 2025
| 18K Gold /g | 22K Gold /g | 24K Gold /g |
| ₹8,411 | 10,280 | ₹11,215 |
| Date | 22 Carat Gold Rate (10 gram) | 24 Carat Gold Rate (10 gram) |
| Mar 01, 2025 | ₹ 80,200 | ₹ 84,210 |
| Feb 28, 2025 | ₹ 80,400 | ₹ 84,420 |
| Feb 27, 2025 | ₹ 80,850 | ₹ 84,890 |
| Feb 26, 2025 | ₹ 81,300 | ₹ 85,370 |
| Feb 25, 2025 | ₹ 81,500 | ₹ 85,580 |
| Feb 24, 2025 | ₹ 81,350 | ₹ 85,420 |
| Feb 23, 2025 | ₹ 81,250 | ₹ 85,310 |
| Feb 22, 2025 | ₹ 81,250 | ₹ 85,310 |
| Feb 21, 2025 | ₹ 81,050 | ₹ 85,100 |
| Feb 20, 2025 | ₹ 81,450 | ₹ 85,520 |
Ancient India
- Gold has been used in India since the Indus Valley Civilization (circa 3000 BCE), where archaeologists have discovered gold ornaments.
- The Vedic period (1500–500 BCE) mentions gold in religious texts like the Rigveda, where it was associated with wealth and purity.
- Ancient Indian kingdoms, such as the Maurya (321–185 BCE) and Gupta (319–550 CE) empires, minted gold coins as a symbol of prosperity.
Medieval India
- During the reign of the Mughals (1526–1857), gold played a crucial role in the economy, and elaborate gold jewelry became a status symbol.
- The South Indian Vijayanagara Empire (1336–1646) was known for its vast gold reserves and temple treasures.
British Colonial Era (1757–1947)
- The British East India Company introduced gold standard-based currency, but much of India’s gold wealth was exported to Britain.
- Despite colonial rule, gold remained an important asset, especially for rural families.
Post-Independence India (1947–Present)
- After independence, India’s gold market saw various regulations, including the Gold Control Act of 1968, which restricted private ownership of gold and was later repealed in 1990.
- Economic liberalization in 1991 led to a surge in gold imports, making India the world’s largest gold consumer for many years.
- Festivals like Diwali, Dhanteras, and Akshaya Tritiya, along with weddings, continue to drive gold demand.
- The government introduced Gold Monetization Schemes (GMS) and Sovereign Gold Bonds (SGBs) to reduce dependence on gold imports.
Gold Price List
Gold prices in India have experienced significant changes from 1950 to 2024, influenced by various economic, geopolitical, and market factors. Here’s a summary of the average annual prices for 24-karat gold per 10 grams over this period:
| Year | Price (₹) |
|---|---|
| 1950 | 99 |
| 1960 | 112 |
| 1970 | 184 |
| 1980 | 1,330 |
| 1990 | 3,200 |
| 2000 | 4,400 |
| 2010 | 18,500 |
| 2020 | 48,651 |
| 2024 | 77,913 |
Gold Taxes In Gujarat
1. Import Duty on Gold
India imports a significant amount of gold, and the government imposes customs duties to regulate imports and revenue collection.
- Basic Customs Duty (BCD): 15% (includes Agriculture Infrastructure and Development Cess – AIDC).
- Social Welfare Surcharge (SWS): 1.5%.
- Total Import Duty: ~15% to 16% (subject to change in Union Budgets).
👉 Example: If international gold price is ₹5,000/gram, after import duties, the price in India will be around ₹5,750-₹5,800/gram.
2. Goods and Services Tax (GST) on Gold
Once gold enters the Indian market, it is subject to GST at different stages:
- 3% GST on gold purchases (bullion, coins, jewelry).
- 5% GST on making charges (charged by jewelers).
👉 Example: If you buy gold jewelry worth ₹1,00,000 with ₹10,000 as making charges, you’ll pay:
- ₹3,000 GST on gold value.
- ₹500 GST on making charges.
- Total GST: ₹3,500.
3. Capital Gains Tax on Selling Gold
If you sell gold (jewelry, coins, ETFs, etc.), tax applies based on the holding period:
- Short-Term Capital Gains (STCG) (holding < 3 years):
- Taxed as per your income tax slab.
- Long-Term Capital Gains (LTCG) (holding ≥ 3 years):
- 20% tax with indexation benefit (adjusted for inflation).
👉 Example: If you bought gold for ₹1 lakh in 2015 and sold it for ₹3 lakh in 2024, indexation may reduce taxable gains, lowering the tax burden.
4. Wealth & Inheritance Tax on Gold
- No wealth tax on gold (abolished in 2015).
- No inheritance tax on gold received via gifts or will, but if sold later, capital gains tax applies.
5. Tax Exemptions & Benefits
- Selling Sovereign Gold Bonds (SGBs) after maturity (8 years) is tax-free.
- Gold received as a gift from relatives (parents, spouse, siblings) is tax-free.
- Gold held as business inventory is taxed as business income.
