Gold Above ₹96K: Is Your Jewellery Buy Worth It?

Gold prices in India are hovering above ₹96,000 per 10 grams for 24K purity. Before you buy jewellery or invest in physical gold, here is what you must know about pricing, making charges, and smarter alternatives.

Here's what happened: 24K gold prices across major Indian cities like Mumbai, Delhi, and Bengaluru are trading above ₹96,000 per 10 grams in June 2026.. 22K gold — used in most jewellery — is priced roughly 8–9% lower than 24K, but jewellers add making charges of 8–25% on top.. 18K gold, which contains 75% pure gold, is significantly cheaper per gram but still commands premium pricing due to global and domestic demand..

What you should do: Check the BIS Hallmark (HUID) on any gold jewellery you buy — it confirms purity and protects you from being sold impure gold at 22K rates.. Compare Sovereign Gold Bonds (SGBs) or Gold ETFs before buying physical gold — you avoid making charges, storage risk, and get market-linked returns.. If buying for investment, track the MCX gold spot price before visiting a jeweller — city-level retail prices include local taxes and dealer margins on top..

Making charges on gold jewellery are fully negotiable — especially on plain gold bangles or chains. Pushing back by 3–5% on a ₹1 lakh purchase saves you ₹3,000–5,000 instantly.