14k gold price per gram in India

India imports nearly all its gold, so the domestic rate carries import duty and GST on top of the landed international price. Retail jewellery then adds making charges of anywhere from 8 to 25%. The figure on this page is the underlying metal value before any of that.

Import duty has moved substantially in recent years as policy has shifted, so treat any duty figure you read as something to verify rather than assume. GST on the metal itself has been steadier, with a further charge on making. The structure matters more than the exact percentages: you are paying for metal, plus tax, plus labour, and only the first of those comes back when you sell.

City rates published by local associations differ slightly from each other because of local levies and transport, not because the gold is different.

Hallmarking is mandatory for most gold jewellery sold in India, and each piece carries a six character alphanumeric HUID alongside the BIS mark and the purity number. 14k appears as 585. You can verify a HUID through the BIS Care app before buying, which takes seconds and is worth doing.

The HUID is unique to the individual piece rather than to the design, so it also functions as a record of what you own. Photograph it along with the invoice; it makes an insurance claim or a disputed buyback far simpler to argue.

22k dominates traditional Indian jewellery and 18k is standard for studded work. 14k appears mostly in lighter contemporary pieces and in export oriented designs, so a local jeweller may handle it less often and price it less keenly.

The practical consequence is that you should expect to shop around more with 14k than you would with 22k, and you should be more insistent on being quoted a rate per gram rather than a price for the piece.

Most Indian jewellers offer two routes: exchange the old piece against a new purchase, or sell it for cash. Exchange almost always credits you a higher value, because the shop recovers its margin on the new sale instead. If you are buying anyway, exchange is usually the better deal.

Both routes deduct. Expect a deduction for purity assessment, and be aware that making charges you paid originally are gone entirely: they were labour, not metal, and nobody buys them back. This is the single biggest source of surprise when people sell jewellery they paid retail for.

Buyback terms differ between where you bought and anywhere else. A jeweller will typically offer better terms on a piece carrying their own mark, so check the original shop's policy before assuming you should sell locally.