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Components That Add to Gold’s Price in India

Goldu2019s price in India is shaped by global gold rates, import duties, GST, currency exchange rates, and making charges. Since India imports most of its gold, international prices and the strength of the rupee play a big role. The government adds import duty and 3% GST, while jewelers include making charges, especially for intricate designs. Together, these components make up the final price you pay for gold in the country.<br>

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Components That Add to Gold’s Price in India

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  1. Read blog - https://navia.co.in/blog/gold-price-decoded-from-global-to-local-jeweller/ Components That Add to Gold’s Price in India

  2. Base Price & Currency Conversion Read blog - https://navia.co.in/blog/gold-price-decoded-from-global-to-local-jeweller/ Base International Price: • Gold is priced globally in USD per troy ounce. This international benchmark sets the base for Indian pricing. Exchange Rate Impact: • This price is converted to INR using the current USD to INR rate (usually ₹84–₹85), directly influencing the local gold price.

  3. Read blog - https://navia.co.in/blog/gold-price-decoded-from-global-to-local-jeweller/ Import Duty • Basic Customs Duty – 6% • This is the tax applied on imported gold. It significantly adds to the base cost and is a key reason for price differences between global and Indian gold prices.

  4. Read blog - https://navia.co.in/blog/gold-price-decoded-from-global-to-local-jeweller/ GST at Retail Level • Goods and Services Tax – 3% • GST is applied when you buy gold from a retailer. This 3% is charged on the final value, including import duties and premiums.

  5. Read blog - https://navia.co.in/blog/gold-price-decoded-from-global-to-local-jeweller/ Dealer Premiums • Premiums – 1% to 3% • Jewellers and dealers add a premium to cover costs like logistics, brand margin, and operational expenses. It varies by brand and region.

  6. Disclaimer Investment in securities market are subject to market risks, read all the related documents carefully before investing. The securities quoted are for illustrative purposes and are not intended as recommendations. Brokerage will not exceed the SEBI prescribed limit. Navia Markets Ltd ,SEBI Registration No.INZ000095034-NSE Member code for CM, FAO & CD: 07708 - BSE Clearing No. for CM, FAO & CD: 6341-MCX Member ID: 45345 NSDL DP ID: IN300378-CDSL DP ID: 12086500-SEBI Registration No. for DP: IN-DP-311-2017-GST Registration number :33AAACM4739R2ZZ-Registered office: Ganga Griha, 4th & 5th Floor, No.9, Nungambakkam High Road, Chennai - 600 034 Email ID: ig@navia.co.in - Contact No: +91 70100 75500 https://bit.ly/naviadisclaimer Read blog - https://navia.co.in/blog/gold-price-decoded-from-global-to-local-jeweller/

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