Gold Rate Today in Punjab

Gold Rate Today in Punjab — Complete Guide (14 September 2026)

Today's gold rate in Punjab is ₹15,556/gram (24K), ₹14,255/gram (22K), and ₹11,664/gram (18K). 1 Tola (11.6638 grams of 24K gold) costs ₹1,81,442.073 in Punjab today. WealthMinty covers gold rates across all 26 cities in Punjab.

Gold Purity & Price Comparison in Punjab

About Gold in Punjab

Punjab is one of India's largest gold consumers. Heavy gold sets are a Punjabi wedding tradition. Lohri and Baisakhi festivals drive gold demand.

Gold Tradition & Culture in Punjab

Punjab has one of the highest gold consumption rates per capita. Heavy gold jewellery is a status symbol in Punjabi culture. Gold is a major part of Punjabi wedding trousseau.

Best time to buy gold in Punjab: Baisakhi (Apr), Karva Chauth (Oct-Nov), Diwali, Lohri (Jan).

How is the Gold Rate Decided in Punjab?

The daily gold rate in Punjab is not set by any single jeweller or the state government — it is derived from a transparent, four-step chain that keeps prices almost identical across every city in Punjab (Bangalore, Mysore, Mangalore, Hubli, and smaller towns differ by only ₹0–100/gram):

1. International LBMA benchmark: The London Bullion Market Association fixes the global spot gold price twice daily in USD per troy ounce (1 troy ounce = 31.1035 grams). This is the base for gold worldwide, including Punjab.
2. USD to INR conversion: The USD price is converted to rupees at the live RBI reference exchange rate. If the rupee weakens against the dollar, gold becomes costlier in Punjab even if the international price is flat.
3. Import duty + GST:India imports nearly all its gold, so the government's import duty (currently ~15%, including Agriculture Infrastructure and Development Cess) and 3% GST are added. Together these taxes make up roughly 18% of the retail price you pay in Punjab.
4. Local bullion benchmark (IBJA):The Indian Bullion & Jewellers Association (IBJA) publishes a daily wholesale rate thatPunjab's jewellers follow. Each showroom then adds its making charge (3–25% depending on design) and a tiny local margin for transport and overhead — this is the only reason prices vary slightly between shops and cities.

In Punjab, gold is traditionally weighed in Tola (ਤੋਲਾ) — 1 Tola = 11.6638grams — though most retail billing today is done per gram. The 24K, 22K and 18K prices you see on this page are our editorial team's indicative daily reference rates for Punjab, manually curated from public bullion market data (broadly tracking the IBJA national benchmark). They are refreshed daily and may differ slightly from your local jeweller's quote, which includes making charges and local margins.

Why Punjab's rate differs from neighbouring states: Only by a negligible ₹0–50/gram, purely on local transport and dealer margin — there is no separate Punjab gold tax. Kerala, Tamil Nadu, Andhra Pradesh andPunjab all import through the same customs ports, so the underlying landed cost is identical.

Factors Affecting Gold Price in Punjab

• International Gold Prices: Punjab's gold rate follows global LBMA benchmarks converted to INR.
• USD/INR Exchange Rate: A weaker rupee makes imported gold more expensive in Punjab.
• Import Duty & GST: 15% import duty + 3% GST are included in the retail gold price.
• Local Demand: Wedding season and festivals drive up gold demand in Punjab. Baisakhi (Apr), Karva Chauth (Oct-Nov), Diwali, Lohri (Jan).
• Transportation & Dealer Margin: Minor ₹0–100/gram variation between cities in Punjab.

Where to Buy Gold in Punjab?

You can buy hallmarked 916 gold in Punjab from trusted jewellers like Tanishq, Tanishq, Kalyan Jewellers, Malabar Gold, Khanna Jewellers, Suhag Jewellers, and other BIS-certified gold shops. Buy gold coins, gold bars, and gold jewellery with HUID (Hallmark Unique Identification) number for verified purity. Compare making charges across shops — Tanishq charges 8-25% while local jewellers may charge 5-15%.

Famous gold markets in Punjab: Hall Bazaar Amritsar, Chaura Bazaar Ludhiana, Sector 17 Chandigarh.

Gold Loan in Punjab

Banks and NBFCs in Punjaboffer gold loans at 7-12% interest per annum. With today's 22K rate at ₹14,255/gram, 10 grams of gold can fetch a loan of approximately ₹1,06,913 (75% LTV). 50 grams of 22K gold can get up to ₹5,34,563.

Top gold loan providers in Punjab: Muthoot Finance, Manappuram Finance, Muthoot Fincorp, IIFL Finance, Shriram Finance, Punjab National Bank (PNB) (Extensive rural and urban network), State Bank of India (SBI), HDFC Bank.

Gold Demand in Punjab

• Demand Level: High
• Capital: Chandigarh
• Type: State
• Cities Covered: 26 cities

Tax on Gold Purchase in Punjab

• GST: 3% on gold jewellery, coins, and bars purchased in Punjab
• Making Charges GST: 5% GST on making/labour charges
• Capital Gains: Short-term (<3 years) — income slab rate. Long-term (3+ years) — 20% with indexation
• TDS: 1% TDS on gold purchases exceeding ₹10 lakh per year

Gold Investment Options in Punjab

1. Physical Gold: Buy 22K/24K gold coins and gold bars from Tanishq, MMTC-PAMP, or Tanishq in Punjab. 916 gold jewellery is the most popular.
2. Sovereign Gold Bonds (SGBs): Government-backed, 2.5% annual interest + tax-free maturity.
3. Gold ETFs: Trade on NSE/BSE like shares. No storage hassle. Top picks: Nippon Gold ETF, SBI Gold ETF.
4. Digital Gold: Buy from ₹1 via Google Pay, PhonePe, Paytm. Gold stored in insured vaults.
5. Gold Mutual Funds: Invest via SIP using our SIP Calculator.

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