Gold Rate Today in Daman and Diu – 7 Nov 2026, 8 AM IST

Quick links to every section of this page.

• What is the gold rate in Daman today?
• How the rate is determined
• Making charges and GST
• Where to buy gold in Daman
• Best time to buy gold

The figures in the live table are bullion reference rates for Daman, quoted per gram across 24 karat gold at 99.9 percent purity, 22 karat at 91.6 percent, 18 karat at 75 percent and 14 karat at 58.5 percent, refreshed every business day against MCX and IBJA benchmarks.

Daman, a former Portuguese enclave now administered as part of the Union Territory of Dadra and Nagar Haveli and Daman and Diu, sits on the Gujarat coast a short distance from Vapi and Surat. Its gold trade is genuinely shaped by that geography: jewellers price closely against the Gujarat benchmark, and thriving tourism alongside a strong local manufacturing base give the town's precious metal market a distinctive dual character, industrial silver demand on one side and tourist and gifting-driven jewellery buying on the other. This page covers today's rate, how it is set, purity and hallmark verification, making charges with a worked bill example, where to buy and sell, the buying calendar, taxation and a detailed FAQ.

The weight table converts today's per gram rate into common denominations, from a single gram through 10 grams, 50 grams, 100 grams and a kilogram, at each of the four common purities.

Units used in Daman

Given Daman's proximity to Gujarat, the gram and 10 gram denomination dominate modern retail, in line with the Gujarati market it borders. It is worth confirming which unit a quoted price refers to when comparing across shops.

International markets quote the troy ounce, at 31.1035 grams, converted into rupee and gram terms before it reaches Daman's retail market.

There is no significant local wholesale kilogram bar trade in Daman; buyers wanting bullion at that scale typically source it from nearby Surat.

A single day's rate tells you very little. The last ten sessions tell you whether today's print sits at the top of a run, at the bottom of a pullback, or in the middle of a flat stretch.

Read three things from the ten day table. The net movement from the earliest session to today. The high and the low, which give the trading range. And whether daily changes are small and steady or large and alternating.

For a wedding purchase this matters less than it appears, since the date is fixed well in advance. For a coin or bar purchase with no deadline, the ten day range is the cheapest timing information available.

The trend table sets today's rate against its opening and closing values over seven days, 30 days, three months, six months, the year to date and 12 months.

What each window tells you

The seven and 30 day windows capture sentiment: short term positioning, fund flows and reaction to news. The three and six month windows capture the macro cycle, principally the direction of real interest rates and the strength of the dollar. The 12 month and year to date windows capture the structural story, chiefly sustained central bank accumulation alongside steady retail demand across Asia.

Longer windows are more reliable and less actionable. A 12 month gain confirms the asset did its job in a portfolio. It says nothing useful about next week's rate.

Because Daman has no bullion market of its own, this trend line is effectively the Gujarat trend, with no independent local demand pattern beyond its tourism-driven gifting season.

The rate follows the same national chain as everywhere in India, with the local step set through Gujarat.

Step one: the international benchmark

Gold trades continuously in US dollars per troy ounce, anchored by the London Bullion Market Association price and COMEX futures.

Step two: the rupee conversion

The dollar price converts at the prevailing USD to INR rate.

Step three: duty and levies

Basic customs duty and the Agriculture Infrastructure and Development Cess apply to landed value nationally.

Step four: the regional benchmark

MCX and the India Bullion and Jewellers Association, headquartered in Mumbai, produce the reference figures the national trade prices from. Daman's jewellers price closely against the Surat and greater Gujarat benchmark, given the short distance and constant movement of goods and people across the border.

Step five: why Daman's rate sits where it does

Daman is not a bullion import point, so its base rate typically runs a modest margin above Mumbai's, tracking Gujarat closely. Its small size means it has no meaningfully independent local price of its own.

Seven forces account for almost all daily movement. The first four are global, the last three domestic.

Real interest rates. Gold pays no income, so it competes with interest bearing assets. When inflation adjusted yields fall, gold tends to rise.

The US dollar. Gold is priced in dollars, so a stronger dollar generally pushes the international price down and a weaker dollar lifts it.

Central bank demand. Reserve buying has been large and persistent in recent years.

Geopolitical and financial stress. Conflict, banking stress and sovereign risk push capital toward assets with no counterparty.

The rupee. A weaker rupee raises Daman's rate independent of any move in international gold.

Seasonal demand. Tourist inflows, particularly around weekends and the winter season, add a gifting and souvenir-driven demand layer alongside the national wedding season and Akshaya Tritiya.

Policy. Import duty revisions produce one off national steps with no connection to any local factor.

Daman is a single small territory rather than a multi-city market, so there is no meaningful city-wise breakdown the way larger states require.

• Gold rate in Daman | the territory's only organised gold market, pricing closely against nearby Vapi and Surat in Gujarat

Residents and visitors comparing rates typically check against Vapi or Surat, a short drive across the Gujarat border, rather than any other point within the territory itself.

916 is another way of writing 22 karat. It refers to 91.6 percent pure gold, with the remaining 8.4 percent made up of alloy metals that give the piece strength. On 18 karat the equivalent grade is 750, and on 14 karat it is 585.

916 carries the great majority of jewellery sold in Daman, reflecting the same Gujarati design language found across the border. The number is not marketing language. It is the purity grade stamped by a BIS recognised assaying and hallmarking centre, and it appears alongside the BIS logo and a six character HUID.

When you check the 916 gold rate in Daman today, you are looking at this exact purity, not the 999 rate used for coins and bars. When you resell or exchange, the 916 grade determines the gold value you are credited.

The rate on this page is the metal price. What you pay at the counter adds two things: making charges, and GST at 3 percent on the total of metal plus making.

What making charges run in Daman

• Plain chains and machine-made pieces | roughly 8 to 12 percent, competitive given proximity to Surat's manufacturing base
• Handcrafted traditional and bridal work | roughly 14 to 20 percent
• Tourist-oriented lightweight and gifting pieces | typically lower making charges, given the volume-driven nature of this segment

A worked example

Take a 10 gram 22 karat chain with 10 percent making. Metal value is 10 grams at today's 916 rate. Add 10 percent of that as making charges. Add 3 percent GST on the subtotal. The final bill is roughly 13.3 percent above the pure metal value.

Comparing a Daman quote against nearby Vapi or Surat before buying is genuinely practical here, given the short distance. Always ask for the making charge as a percentage in writing.

Every piece of gold jewellery sold in the notified areas of Daman must carry three marks. Check all three before you pay.

• The BIS logo | the triangular Bureau of Indian Standards mark
• The purity grade | 916 for 22 karat, 750 for 18 karat, 585 for 14 karat
• The HUID | a six character alphanumeric code unique to the piece

Verify the HUID in the BIS Care app: enter the code and the app returns the registered purity, the article type and the hallmarking centre. If the details do not match the piece in your hand, walk away. This matters especially for tourist purchases, where impulse buying is more common and there is less time to shop around.

Insist on the HUID printed on the invoice as well. It ties the bill to the piece, which matters for insurance, resale and any future dispute.

Daman carries a genuinely distinct colonial history that shapes the town's character, even though it has little direct bearing on today's gold pricing.

A Portuguese enclave until 1961

Daman was administered as part of Portuguese India for over four centuries before being annexed in 1961, and its old town still carries visible Portuguese-era architecture, churches and fort structures that give the territory a genuinely different visual identity from neighbouring Gujarat.

A dual economy: manufacturing and tourism

Modern Daman runs on two distinct economic engines. It is a significant small-scale manufacturing hub, benefiting from its proximity to Gujarat's industrial belt, and it is also a popular weekend and holiday destination, particularly for visitors from Gujarat and Maharashtra, given its beaches and comparatively liberal alcohol policy. This gives the gold market a mixed character: steady local and industrial-linked demand alongside tourist gifting and souvenir purchases.

What this means for a buyer

Design stock in Daman leans toward mainstream Gujarati jewellery styles rather than anything distinctly Portuguese, since the design language is imported from across the border. The colonial history is a matter of architecture and identity, not of the jewellery trade itself.

Daman's gold retail is compact, serving both local residents and a steady flow of tourist visitors.

The local market

• Daman's central market area | independent jewellers serving residents and visitors alike
• Cross-border shopping | many residents also shop in nearby Vapi or Surat, a short drive across the Gujarat border

What to check wherever you buy

• BIS hallmark with HUID on every piece
• The day's rate displayed and the making charge quoted as a percentage in writing
• A proper GST invoice carrying weight, purity, rate, making and HUID
• The buyback and exchange policy in writing before the sale, not after, especially important for tourist purchases you may not revisit

Certified online retail adds transparent per-piece pricing, certification and doorstep insurance-backed delivery, useful for planning a purchase before or after a Daman trip rather than deciding on the spot.

You have three honest routes and one to avoid.

Exchange at a jeweller. The most common local route. Hallmarked pieces are credited at the day's rate for their stamped purity; unhallmarked pieces are assayed first, and that deduction is where the negotiation happens.

Sale to the jeweller who sold it. If the piece carries the original invoice and HUID, most established Daman jewellers publish a buyback policy.

Organised gold buying companies. Easily accessible in nearby Vapi and Surat for those who want outright cash.

Avoid unlicensed street buyers, whatever rate they promise. Weighing and purity testing you cannot observe is where sellers lose money.

Gold buying in Daman follows the national festive calendar, layered with its distinct tourism season.

• Akshaya Tritiya | the biggest single gold buying day nationally, observed in Daman too
• Dhanteras and Diwali | the national festive peak, when local retail demand concentrates
• Winter tourist season (roughly October to March) | Daman's peak visitor months, when tourist-driven gifting and souvenir purchases rise
• Wedding season | roughly November to February, when bridal sets dominate local purchases

Two practical notes. Festive and peak tourist days concentrate demand, so premiums can rise; the headline rate does not become cheaper because the day is busy. And for a planned wedding purchase, buying the metal in instalments converts an impossible timing decision into a simple averaging plan.

Taxes on gold are set nationally, so nothing here is specific to Daman, but three layers matter to every buyer.

At purchase. GST at 3 percent applies on the value of the metal plus making charges. On imported metal, customs duty and cess are already inside the quoted rate before GST is added.

At sale. Profit on physical gold held over the qualifying period is taxed as long term capital gains; shorter holdings are taxed at your slab rate. The invoice from your original purchase establishes the cost basis, which is one more reason to keep it.

Large cash purchases. PAN is mandatory above the prescribed transaction threshold, and jewellers report high value cash transactions. Paying digitally with a proper invoice is both cleaner and safer.

None of this is tax advice; thresholds and rates change with the Finance Act. For a large transaction, confirm the current rules with a chartered accountant before you buy or sell.

Nariyal Poornima, a coastal festival celebrated with genuine local enthusiasm along Daman and Diu's shoreline, adds a further occasion to the local gold buying calendar beyond the mainstream national festival cycle.

Jewellers in Daman and Diu typically see a modest lift in gifting pieces and small ornament sales around this occasion, distinct from the Masi Fair and Dhanteras peaks.

Gold is a store of value with no counterparty, which is why Indian households hold more of it than any other population on earth. That does not make it riskless. The rupee price swings, sometimes sharply, and long flat stretches have followed every major rally.

What gold does reliably is diversify. It tends to hold or gain value precisely when financial assets are under stress, which is the moment diversification is worth having. Most advisers land somewhere between 5 and 15 percent of a portfolio in gold, held for years rather than traded.

The form matters as much as the timing. Coins and bars carry minimal making cost and recover the most value on exit. Jewellery carries making charges you do not recover, so it is part ornament and part investment, and a tourist-bought souvenir piece even more so, since design premiums there tend to be higher. Paper routes, gold ETFs and mutual funds, remove storage risk entirely and suit buyers whose objective is purely financial.

For most Daman households the practical answer is a mix: ornament gold bought for weddings and occasions, and simple, easily verified investment gold, coins or small bars, bought as savings, sourced locally or from nearby Surat.

Daman and Diu were both Portuguese territories for around four centuries before joining India in December 1961, a history still visible in the forts, churches and colonial architecture of both towns.

This shared history gives Daman and Diu's local gold jewellery trade a genuinely distinct cultural backdrop compared with Silvassa's more recent industrial development in neighbouring Dadra and Nagar Haveli.

Daman and Diu was administered as its own union territory until 26 January 2020, when it was merged with the neighbouring union territory of Dadra and Nagar Haveli to form the combined union territory of Dadra and Nagar Haveli and Daman and Diu, with Daman as the joint capital.

Despite sharing a single administration since the merger, Daman and Diu and Dadra and Nagar Haveli remain geographically separate, and their gold markets are covered on their own dedicated pages given how different Daman and Diu's coastal, tourism and Portuguese heritage driven trade is from Silvassa's industrial economy.

Diu, a small island off Gujarat's Saurashtra coast, carries a modest resident gold jewellery trade serving local families, genuinely distinct from the tourism economy that dominates the island's beaches and forts.

Given the island's small population, Diu's gold retail trade is limited in scale compared with Daman, and buyers here often travel to Daman or order online for a wider selection.

The Damanganga river splits Daman into Moti Daman, or Great Daman, home to government buildings and the town's Portuguese era fort and churches, and Nani Daman, the smaller but livelier half, home to the Nani Daman Market and the town's main jetty.

Jewellery shops in Daman cluster mainly around Nani Daman's commercial market area, close to where most everyday shopping in the town happens.

The Masi Fair, an annual celebration in Daman, draws thousands of devotees and gives the town's jewellers a genuine seasonal lift in gold and jewellery sales distinct from the mainstream Diwali and Dhanteras calendar.

Alongside this, Nariyal Poornima is celebrated with genuine local enthusiasm along the coast, adding another distinctly regional occasion to Daman and Diu's buying calendar.

Diu draws steady tourist footfall for its beaches, forts and Portuguese heritage sites, but the island's gold jewellery trade itself is small and serves resident families rather than functioning as a tourist facing souvenir market.

Daman's tourism, centred on its beaches and reputation as a weekend getaway from nearby Gujarat, similarly runs largely separate from the town's own local jewellery retail, which serves resident buying occasions.

Akshaya Tritiya, considered universally auspicious for buying gold, adds a further peak to the calendar here, with coin and small ornament sales rising in the days surrounding it.

Together with the Masi Fair and Dhanteras, Akshaya Tritiya gives Daman and Diu's gold retailers multiple annual peaks to plan stock and staffing around.

Gold in India traded around 26,000 to 29,000 rupees per 10 grams in 2015 and 2016 for 24 karat purity, crossed 50,000 rupees per 10 grams in 2020, and reached around 62,000 to 65,000 rupees per 10 grams by 2023.

Gold's rise accelerated through 2024 and 2025, crossing 1,00,000 rupees per 10 grams during 2025. Daman and Diu's rates, priced off the national IBJA benchmark, have tracked this national curve throughout.

Gold demand is driven overwhelmingly by investment and central bank reserves rather than industrial use. Central banks worldwide, including the Reserve Bank of India, have been consistent net buyers in recent years.

India remains one of the world's largest gold consumers and imports the large majority of its requirement, making national import duty and policy a genuine influence on domestic prices, including in Daman and Diu.

Gold is generally less volatile than silver day to day, since it lacks silver's industrial demand component. Both metals have delivered strong returns over the last decade.

Equity markets have historically delivered higher long run returns than precious metals, but with far more volatility. Debt instruments give predictable, lower returns with minimal price risk.

In Daman and Diu, gold's role in a household's savings is usually a stable holding tied to weddings and gifting, layered with the region's Portuguese heritage and coastal festival calendar.

Physical gold from a Daman jeweller gives you something to hold, gift or wear, but attracts 3 percent GST, requires safe storage, and jewellery carries making charges not recovered on resale.

Gold ETFs let you hold gold electronically without storage or GST, through a regular demat account. The Sovereign Gold Bond scheme was discontinued for new issuance.

Both physical gold and gold ETFs are taxed the same way, at 12.5 percent on long term capital gains without indexation for holdings over 12 months.

India imports the large majority of the gold it consumes, cleared through customs before reaching refiners and jewellers, including the volumes distributed into Daman and Diu.

Gold has almost no industrial demand nationally, so the local gold trade in Daman and Diu is driven entirely by retail jewellery, investment and the region's blended festival calendar.

• 24 karat gold: 99.9 percent pure, used for coins and bars
• 22 karat or 916 gold: 91.6 percent pure, the traditional Indian jewellery standard
• Sona: the Hindi word for gold, commonly used in local searches; chandi means silver
• Making charges: the fee a jeweller adds for crafting a piece
• HUID: the unique six digit hallmark identification number
• IBJA: the India Bullion and Jewellers Association, source of the national reference rate

As gold prices have climbed, a meaningful share of buyers here has shifted toward lighter weight pieces and more diamond or stone work relative to pure gold weight, following the same national pattern seen across India.

This shift shows up as design adjustment across both Daman and Diu's resident buyer bases rather than buyers skipping wedding and festive purchases altogether.

Gold retail in Daman and Diu is shaped by Daman's larger jewellery trade near Nani Daman Market, Diu's smaller resident focused trade, and the region's shared Portuguese colonial heritage and coastal festival calendar.

This combination gives the territory's gold market a genuinely distinct character, drawing on Gujarati and locally rooted Portuguese influenced traditions rather than the industrial, migrant workforce driven demand seen in neighbouring Silvassa.

Gold and property serve fundamentally different purposes. Property in Daman or Diu requires a large upfront commitment and is illiquid, with coastal property in particular seeing tourism driven price appreciation. Gold can be bought and sold in small increments and converted to cash within minutes.

Most households here do not choose between the two. Property tends to serve as a long term family asset, while gold serves as a portable, liquid store of wealth for weddings and emergencies alike.

If you are in Daman or Diu and considering a gold or lab grown diamond jewellery purchase, Lucira offers hallmarked gold and certified lab grown diamond pieces with transparent, itemised pricing and doorstep delivery, so you can compare designs and pricing without needing to visit multiple local shops in person.

Every Lucira piece is priced against the live daily rate shown on this page, with making charges and certification costs shown separately.

A proper invoice from a Daman or Diu jeweller should show the net gold weight in grams, the karat purity, the rate applied per gram that day, the making charge, and GST at 3 percent applied on the metal plus making charge combined.

If a piece carries stones, the invoice should state the net gold weight separately from the gross weight. A hallmarked piece should also show the HUID number, verifiable through the BIS CARE app.

• A quoted rate below the day's published benchmark, which usually means lower purity than claimed
• Gross weight billed as if it were net gold weight on stone set pieces
• Making charges quoted verbally but not itemised on the final bill

Always confirm the current BIS hallmark and HUID independently through the BIS CARE app rather than taking a seller's word for it.

Gold does not tarnish, but secure storage still matters given its value density. A bank locker in Daman remains the most secure option for larger holdings.

A home safe is a reasonable middle ground for smaller quantities. Keep your original purchase invoice with your stored gold, since it establishes purity, weight and cost basis if you need to sell or claim insurance later.

Many jewellers here, particularly established shops in Daman, offer monthly instalment schemes where you deposit a fixed amount each month for around 11 months, with a bonus instalment added at the end.

Before joining one, confirm in writing whether redemption is locked at deposit day rates or redemption day rates, and check whether the bonus is forfeited if you exit early.

For cash purchases above the prescribed threshold, you must furnish your PAN card. Always insist on a GST compliant invoice listing weight, purity, rate and making charge.

Payments above two lakh rupees in cash for a single transaction are not permitted regardless of PAN.

Gold jewellery typically attracts a melting or deduction charge at resale, so ask any Daman or Diu jeweller for their exact deduction policy in advance.

This deduction lowers the effective return on jewellery compared with reselling 24 karat coins or bars, which typically carry little to no deduction.

Several apps offer digital gold purchases that track the live rate without requiring physical storage, available in Daman and Diu the same as anywhere else in India.

Digital gold typically carries a small spread between buy and sell prices, and is best suited to buyers who want gold price exposure without visiting a jeweller, particularly useful for Diu's smaller resident buyer base.

• Jewellery from a Daman or Diu jeweller: wearable and giftable, but making charges reduce resale value
• 24 karat coins and bars: lowest making cost, best for pure savings
• Gold ETFs: no storage or GST, held in a demat account

Most households here use a mix, wedding and festive jewellery for cultural occasions, and coins, bars or ETFs for pure savings.

Daman and Diu shares its union territory administration with Dadra and Nagar Haveli, following their merger in January 2020. If you are comparing rates across the territory, see the live gold rate in Dadra and Nagar Haveli as well.

• Gold rate today in Dadra and Nagar Haveli
• Silver rate today in Daman and Diu
• Platinum rate today in Daman and Diu