Gold Rate Today in Punjab – 7 Nov 2026, 7 AM IST

The figures in the live table are bullion reference rates for Punjab, 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.

Amritsar and Ludhiana are Punjab's two principal gold markets, each with a genuinely deep jewellery trading heritage. Ludhiana, the state's largest city and industrial hub, carries strong demand rooted in its manufacturing and export wealth, while Amritsar, home to the Golden Temple, combines religious significance with a long-established jewellery bazaar culture. Gold carries substantial cultural and ceremonial weight in Punjab, tied closely to Sikh wedding traditions and the practice of gifting gold at engagements and other family milestones. This page covers today's rate, how it is set, city-wise rates across the state, 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 the denominations Punjab buyers transact in, from a single gram through 10 grams, 50 grams, 100 grams and a kilogram, at each of the four common purities.

Units used across the state

Punjab's retail trade runs on the gram and 10 gram denomination, in line with North Indian convention, with the tola, 11.6638 grams, still referenced by some older buyers in Amritsar and Ludhiana's traditional trade. 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 Punjab's retail market.

The one kilogram bar is the standard wholesale trading unit, most relevant to Amritsar and Ludhiana's larger bullion dealers.

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 Punjab 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.

Punjab's trend line tracks the Delhi benchmark closely, given the state's proximity and trading links to the National Capital Region.

The rate follows the same five step national chain as every state, with local pricing set through Amritsar and Ludhiana.

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 domestic benchmark

MCX and the India Bullion and Jewellers Association, headquartered in Mumbai, produce the reference figures the national trade prices from. Delhi's bullion market, the closest major hub, sets the effective local benchmark for Amritsar, Ludhiana and the rest of Punjab.

Step five: why the state's rate sits where it does

Punjab is not a bullion import point, so its base rate typically runs a modest margin above Mumbai's, tracking Delhi closely. Within the state, the spread between Amritsar, Ludhiana and Jalandhar is narrow, since all price off the same effective benchmark.

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 the Punjab rate independent of any move in international gold.

Seasonal demand. Baisakhi, Lohri, Karva Chauth, Dhanteras, Diwali and the wedding season, which carries particular weight in Punjab given the scale and gold-intensive nature of Punjabi weddings, all concentrate retail buying.

Policy. Import duty revisions and GST decisions produce one off steps in the retail price with no connection to the international market.

Every major market in Punjab prices closely off the Delhi-linked benchmark, so the differences between cities are small and come from local jeweller premiums rather than the underlying rate.

• Gold rate in Amritsar | home to the Golden Temple, with a long-established jewellery bazaar culture
• Gold rate in Ludhiana | the state's largest city and industrial hub, with strong demand rooted in manufacturing and export wealth
• Gold rate in Jalandhar | a major commercial centre with an established local jewellery trade
• Gold rate in Patiala | a former royal city with a strong traditional jewellery heritage

Rates for Mohali, Bathinda, Hoshiarpur and the rest of the state track the same benchmark. If a quote in any Punjab city differs by more than a small handling margin, that difference is the jeweller's own premium, and it is negotiable.

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 across Punjab, from Amritsar's traditional bridal designs to the mainstream contemporary pieces stocked in Ludhiana's showrooms. 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 Punjab 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 Punjab

• Plain chains and machine-made pieces | roughly 8 to 12 percent
• Handcrafted traditional and heavy bridal work | roughly 15 to 22 percent, reflecting the scale and detail of Punjabi wedding sets
• Branded showroom pieces | 14 percent and above

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.

Making charges are negotiable in Punjab's independent trade, particularly for the large-weight bridal sets common at Punjabi weddings, where volume can support a better rate. Always ask for the making charge as a percentage in writing before comparing shops.

Every piece of gold jewellery sold in the notified districts of Punjab 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. Amritsar and Ludhiana both have an established network of BIS recognised assaying and hallmarking centres, so there is no reason to accept an unhallmarked piece in either city.

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.

Gold occupies a genuinely central, ceremonial role in Punjab that shapes buying patterns across the state.

Gold as a marker of family milestones

In Punjab, gold gifting is closely woven into Sikh wedding traditions and family celebrations, with sets exchanged at engagement ceremonies and again through the wedding itself, often from both the bride's and groom's families. The scale of Punjabi weddings, frequently large, multi-day celebrations, means gold purchases here tend to be planned well in advance and spread across several family members rather than a single transaction.

Amritsar and Ludhiana's complementary roles

Amritsar's jewellery trade sits alongside the Golden Temple's deep religious significance, giving the city's gold market a strong devotional as well as commercial character. Ludhiana, Punjab's industrial and manufacturing capital, draws on the wealth generated by its export-oriented businesses, supporting a large, design-conscious retail trade.

What this means for a buyer

Given how far in advance Punjabi families typically plan wedding gold, instalment-style buying over the months before the event is genuinely common practice here, not just generic financial advice, and many established jewellers in both cities offer structured savings schemes built around exactly this pattern.

Punjab offers a genuinely deep jewellery trade, spanning historic bazaars and modern branded retail.

The traditional markets

• Amritsar's jewellery bazaars | a long-established trade alongside the city's religious significance
• Ludhiana's showrooms and independent jewellers | serving the state's largest, most design-conscious retail market
• Jalandhar and Patiala | strong secondary markets with established local jewellery trades

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

Certified online retail adds transparent per-piece pricing, certification and doorstep insurance-backed delivery, and for lab grown diamond jewellery set in hallmarked gold it is often the most price-efficient route across the state.

You have three honest routes and one to avoid.

Exchange at a jeweller. The most common route for upgrading old jewellery. 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 Amritsar and Ludhiana jewellers publish a buyback policy.

Gold loans. Widely offered by banks and NBFCs across Punjab, letting you access funds against jewellery without selling it.

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

Gold buying in Punjab follows the state's own festive calendar closely, layered with national occasions.

• Baisakhi | the Punjabi harvest festival and Khalsa founding day, a significant gold buying and gifting occasion
• Lohri | a winter festival marked with gifting, especially significant for families celebrating a first child or wedding
• Karva Chauth, Dhanteras and Diwali | strongly observed occasions for gold gifting between spouses and families
• Wedding season | year round given the scale of Punjabi weddings, though concentrated in certain months, with buying typically planned and spread across many months in advance

Two practical notes. Festive days concentrate demand, so premiums and making charge discounts both move; the headline rate does not become cheaper because the day is auspicious. And given how far ahead Punjabi weddings are planned, buying the metal in instalments across the preceding months is genuinely common practice, not just generic advice.

Taxes on gold are set nationally, so nothing here is specific to Punjab, 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.

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 in Punjab, where wedding gold is bought years ahead of the event, this distinction is worth keeping in mind when a purchase is driven by savings goals rather than an immediate occasion. Paper routes, gold ETFs and mutual funds, remove storage risk entirely.

For most Punjab households the practical answer is a mix: ornament gold bought for weddings and family occasions, and simple, easily verified investment gold, coins or small bars, bought as savings.

Punjab was divided at India's independence in 1947, with the state later reorganised again in 1966 to form Haryana and Himachal Pradesh, but Amritsar's trading heritage as a historic commercial gateway predates these changes by centuries.

This long trading history, combined with Ludhiana's more recent industrial rise, gives Punjab's gold retail an established, multi generational jeweller base across its main cities.

Amritsar's Harmandir Sahib, known worldwide as the Golden Temple, is Sikhism's holiest shrine, its dome covered in genuine gold leaf and reflected in the sacred Amrit Sarovar pool that gives the city its name.

This visible, everyday association between gold and devotion runs through Punjab's broader culture, reinforcing gold's status as both a spiritual and a wealth holding symbol across the state.

Baisakhi, celebrated every April, marks both the harvest festival and the founding of the Khalsa Panth by Guru Gobind Singh, and is one of Punjab's most significant annual occasions for new purchases and gifting.

Gurdwaras across the state, including the Golden Temple, see massive turnout on this day, and jewellers typically see a genuine seasonal uplift in gold buying around it.

Ludhiana anchors Punjab's manufacturing economy, producing over 90 percent of India's woolen knitwear and the large majority of the country's sporting goods and sewing machines.

This industrial base, alongside Amritsar's trading and tourism economy, gives Punjab's gold retail a genuinely broad customer base beyond its agricultural heartland.

Punjab's fertile, well irrigated farmland, often called the breadbasket of India, has historically generated genuine agricultural surplus wealth, much of which has traditionally flowed into gold as a store of value among landowning farming families.

Harvest season income, particularly around the wheat and paddy cycles, adds a practical seasonal rhythm to gold buying in rural Punjab beyond the festival calendar.

Wedding season demand for gold jewellery peaks across Punjab alongside the broader national wedding calendar, with Punjabi weddings known nationally for their genuinely lavish scale of gold gifting.

Jewellers typically stock their widest bridal gold range in the weeks leading into this window, alongside their Baisakhi and Karva Chauth preparations later in the year.

Punjab has a genuinely large diaspora, particularly across Canada, the UK and Australia, and NRI visits home for weddings and family occasions frequently include significant gold jewellery purchases.

This diaspora connection gives Punjab's gold retailers a customer base extending well beyond the state's resident population, particularly during summer and winter visiting seasons.

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. Punjab'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 Punjab.

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 Punjab, gold's role in a household's savings is usually a stable, portable holding tied to weddings, Baisakhi and Karva Chauth gifting.

Physical gold from a Punjab 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 Punjab through Amritsar and Ludhiana.

Gold has almost no industrial demand nationally, and Punjab's own economy, running on agriculture and manufacturing, reflects this: the state's gold trade is driven entirely by retail jewellery, investment and the wedding and festival gifting 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 Punjabi and Hindi word commonly used for gold 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.

Punjab's genuinely strong wedding gifting culture means this shift shows up as design adjustment rather than buyers skipping wedding purchases altogether.

Gold retail in Punjab is shaped decisively by the state's Sikh devotional culture centred on the Golden Temple, its genuinely lavish wedding gifting traditions, and an economy running on agriculture and manufacturing.

This combination gives Punjab's gold market a genuinely distinct character among Indian states, with weddings and Baisakhi forming major annual gifting occasions.

Gold and property serve fundamentally different purposes. Farmland or property in Punjab requires a large upfront commitment and is illiquid. Gold can be bought and sold in small increments and converted to cash within minutes.

Most households in Punjab do not choose between the two. Land and property tend to serve as long term family assets, while gold serves as a portable, liquid store of wealth for weddings and emergencies alike.

If you are in Punjab 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 Punjab 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 Amritsar, Ludhiana or Chandigarh 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 across Punjab 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.

Under rules applicable for financial year 2025 to 2026, profit on physical gold or gold ETFs held for more than 12 months is taxed as long term capital gains at 12.5 percent without indexation. Holdings sold within 12 months are taxed at your income tax slab rate.

Your gain is calculated as the sale price minus your original purchase cost, including making charges, which is why keeping your original invoice matters. Confirm current rules with a chartered accountant before a large sale.

There is no legal ceiling on gold ownership in India. CBDT safe harbour limits allow a married woman up to 500 grams, an unmarried woman up to 250 grams, and a man up to 100 grams without seizure during a tax search, even without documentation.

Cash payments for a single gold purchase above the prescribed threshold require your PAN card, and payments above two lakh rupees in cash for a single transaction are not permitted regardless of PAN.

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 Punjab 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 Punjab 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.

• Jewellery from a Punjab 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 festival jewellery for cultural occasions, and coins, bars or ETFs for pure savings.