Two numbers, not one: what gold is worth and what we pay for it
Every other gold buyer in Bengaluru publishes the first and keeps the second to themselves. The gap between them is the whole transaction, so here it is on the page.
Market reference, 999 fine
₹15,580/g
The IBJA morning print. This is the number you see quoted on news and bullion sites, and the number most gold buyers put on their homepage.
Our payout share
96–98%
The share of market value that reaches you, by what you bring. Publishing it is the entire difference between this counter and the rest of the market.
What you are paid, per gram of pure gold
₹15,113/g
On hallmarked plain jewellery. Multiply by the pure gold in your piece and you have your figure before you leave the house.
Three rates, because three kinds of work
A single blended percentage would be easier to advertise and slightly dishonest. Bullion costs almost nothing to process; a stone-set piece has to be taken apart by hand. Publishing all three means nobody subsidises anybody.
98%
Coins and bars
Assayed bullion needs almost no work before it goes back to the refiner, so almost nothing comes off.
Bank and jeweller coins, cast and minted bars, biscuits, sealed assay-card bullion
₹15,268 per gram of pure gold
97%
Hallmarked plain jewellery
A BIS mark and no stones means the purity is confirmed quickly and the piece melts cleanly.
Stamped 916 or 750 chains, bangles, rings, plain haram and kada
₹15,113 per gram of pure gold
96%
Unhallmarked or stone-set
Stones have to come out by hand and unmarked metal takes longer to establish. That work is real, so it is priced — and named, rather than hidden inside a "wastage" line.
Antique and temple work, kundan and jadau, diamond settings, imported and unmarked
₹14,957 per gram of pure gold
What each karat is worth per gram today
Shown at the 97% hallmarked-jewellery tier. Purity fractions are the BIS hallmark standards — 916 is exactly 91.6%, not a rounded marketing figure.
24K
999 / 995Coins, bars and biscuits
₹15,097/g
- We pay per 10 g
- ₹1,50,970
- Market rate per g
- ₹15,564
22K
916Most Indian jewellery
₹13,843/g
- We pay per 10 g
- ₹1,38,430
- Market rate per g
- ₹14,271
20K
833Older traditional pieces
₹12,589/g
- We pay per 10 g
- ₹1,25,890
- Market rate per g
- ₹12,978
18K
750Diamond and studded settings
₹11,334/g
- We pay per 10 g
- ₹1,13,340
- Market rate per g
- ₹11,685
14K
585Lightweight and imported
₹8,841/g
- We pay per 10 g
- ₹88,410
- Market rate per g
- ₹9,114
Silver 999
999Articles, coins, utensils and bullion
₹233/g
- We pay per 10 g
- ₹2,330
- Market rate per g
- ₹250
Rates move with the market and are set once each trading morning. They are indicative until your piece has been cleaned, weighed and tested — the binding figure is the one printed on your quote slip, and it is calculated from the rate stamped above, not from a different number nobody showed you.
Put your weight in and see the arithmetic
Pure gold content, market value, our percentage, your figure. Four lines, and every one of them checkable against the table above.
How the rate is arrived at
Gold trades globally in dollars per troy ounce. That converts to a rupee price per gram, onto which India adds customs duty — raised from 6% to 15% on 13 May 2026 — giving the landed domestic price. IBJA publishes the reference each morning. We pay a fixed, published share of it.
Why the share is not 100%, and why nobody’s is
Scrap gold has to be refined back to bullion, which costs money and takes time, and the price moves while it happens. That gap is real for every buyer in this market. The question is not whether there is a margin — it is whether you are told what it is.
Selling costs you nothing in GST
An individual selling their own old jewellery is not making a supply in the course of business, so no GST arises and reverse charge does not apply to us either. CBIC has said so in writing. If any buyer deducts “GST” from your payout, they have invented it.
What your gold is worth today
Rate set 7 Sept 2026, 11:45 am ISTYou receive, if it is all gold
₹2,76,860
- Pure gold in 20g of 22K
- 18.32 g
- Market value at ₹15,580/g
- ₹2,85,420
- We pay 97% of market₹15,113 per gram of pure gold
- ₹2,76,860
Stones, kundan, meena and lac are weighed out first, so a stone-set piece yields less gold than it weighs. We deduct nothing for making charges or “wastage”. The binding figure is the one printed on your quote slip after the XRF test.
Above ₹2,00,000 you will need PAN, and the money goes by RTGS rather than cash — the ₹2 lakh cash penalty falls on the person receiving it, which in a gold sale is you. RTGS settles in minutes.
What people ask about the number
We publish it. The rate page shows the market reference for 999 fine gold, the percentage of it we pay, and the resulting rupees per gram — updated each trading morning with a timestamp. Multiply that by the pure gold in your piece and you have your figure before you leave the house.
It usually is not — you are comparing two different numbers. The rate on a news or bullion site is the market reference price for pure gold. What any buyer pays you is a percentage of that, because the buyer has to refine, hedge and carry the metal. The difference is that we print the percentage on the page. Almost nobody else in this city does, which is why their headline number looks bigger and their payout does not.
Up to ₹10,000. Not because we are being awkward — Section 40A(3) of the Income-tax Act disallows any cash payment above ₹10,000 to one person in one day as a business expense, so a buyer who hands over more than that in notes is taxed on the whole amount as though it were profit. It is not illegal; it is simply something no buyer can afford to do twice.
Then it goes by RTGS, and you should want it to. Section 269ST bars any person from receiving ₹2,00,000 or more in cash, and Section 271DA allows a penalty equal to the whole amount received. In a gold sale, the person receiving the cash is you. The penalty is not automatic — there is a reasonable-cause defence — but it is not a risk worth running for the convenience of carrying notes.
Minutes. NEFT and RTGS both run 24×7×365, so there is no longer any such thing as "outside banking hours", and RBI has removed the charges on online NEFT from savings accounts. IMPS settles in under a minute for amounts up to ₹5 lakh. You should see the credit before you leave the counter.
No. The cleaning, weighing, XRF test and written quote are free, and free whether or not you sell. There is no fee for walking out.
Not in advance, and nobody honestly can — gold moves while you travel. What we can do is hold the rate stamped on your quote slip for the rest of that day, so you are free to go away, think, or get a second opinion without the number moving underneath you. Beyond that day it is re-quoted at the published rate for the new day.
No, and that is deliberate. The published percentage depends on what you bring — bullion, hallmarked plain jewellery, or unmarked and stone-set — never on how much of it. Quantity tiers sound generous and work by paying small sellers less. For genuinely large lots we will talk about melt-and-assay, which usually recovers more for you than a surface reading does.
Bring it in. Watch every number. Decide at the end.
The valuation is free, it takes about fifteen minutes, and there is no fee and no argument if you decide to take your gold home again.