1 Gram Gold in Indian Rupee (INR)
Convert 1 gram of gold (1.0000 g) to Indian Rupee (INR) at the live LBMA XAU/USD spot × USD/INR cross. Real-time rate, updated every minute.
- Updated
- Real-time LBMA & ECN data
- AI-curated from 50+ feeds
As of October 26, 2023, 1.0000 gram of gold is approximately ₹6,250. The conversion uses the current spot price of gold, calculated as (Gram Weight * Gold Price per Gram). This data is sourced from LBMA via Swissquote ECN.
INRKey Facts
- Amount
- 1 gram
- Weight (grams)
- 1.0000 g
- Weight (troy oz)
- 0.032151 oz
- Currency
- Indian Rupee (INR)
- Price basis
- LBMA AM/PM spot
- Last refresh
- 2026-06-01
What this means
The conversion from grams to Indian Rupees (INR) relies on the current market price of gold. This price is multiplied by the weight in grams (1.0000 g) to determine the base value before considering other factors.
The exchange rate between gold's global price (often quoted in USD) and the Indian Rupee significantly impacts the final INR value. Fluctuations in the USD/INR exchange rate directly affect how much gold costs for Indian buyers.
The price you pay for 1 gram of gold in India typically includes a retail premium above the spot price. This premium covers manufacturing, dealer margins, and taxes, making the retail price higher than the raw gold value.
Indian Gold Demand Dynamics. India is a major global consumer of gold, with significant demand driven by cultural significance, festivals, and wedding seasons. This strong domestic demand can sometimes create a premium over international spot prices, especially during peak buying periods.
Rupee Volatility and Gold Prices. The Indian Rupee's strength or weakness against major currencies like the US Dollar directly influences gold prices in INR. A weaker Rupee generally leads to higher gold prices in India, as more Rupees are needed to purchase the equivalent amount of gold.
Import Duties and Taxes. The Indian government imposes import duties and Goods and Services Tax (GST) on gold. These levies are added to the landed cost of gold, further increasing the final price consumers pay for 1 gram of gold in INR.
Frequently Asked Questions
What is the current price of 1 gram of gold in INR?
As of October 26, 2023, 1 gram of gold is approximately ₹6,250. Please note this is an indicative price and can vary based on the specific dealer and market conditions.How is the price of 1 gram of gold to INR calculated?
The price is calculated by multiplying the gram weight (1.0000 g) by the current international gold price per gram, then converting that value to INR using the prevailing USD/INR exchange rate, and finally adding applicable taxes and premiums.Does the price of 1 gram of gold change daily?
Yes, the price of 1 gram of gold in INR fluctuates daily, often multiple times a day, in line with global gold market movements and the USD/INR exchange rate.Are there additional charges when buying 1 gram of gold in India?
Yes, besides the spot price, you will typically encounter charges for making, retail premiums, import duties, and GST, which increase the final purchase price.