How We Source and Update Gold Rates

Where each gold rate comes from

Scroll the table sideways for where each rate is shown.

The association is a jewellers' trade body in Chennai, and the rate is its own reference: no government body sets it and no shop is bound by it. It prices the metal alone, per gram of 22K, before making charges, any separately quoted wastage and GST, so a shop's board rate and its final bill can both differ from it. A pavan is 8 grams (convert pavan and grams).

The association publishes on its own website: one homepage table for 22K, 18K, 14K and silver per gram under a single update time that names the session, and a rate search holding every publication since 2 January 2006 with its date and time. Its 14K line read 0.00 when we read it on 20 September 2026, and it carries no 24K line at all, which is why the 24K figure below has a different publisher.

Elsewhere on the site the association's 22K figure is called the Nagercoil gold rate. We read it from the association, which publishes it for the state; none of it is collected at Nagercoil counters. We never work a rate out from an international gold price, and we never show one publisher's figure under another's name.

Morning and evening rates: when the association revises

In 2026, up to 25 September, the association has published on 231 days: every Monday to Saturday , and one Sunday. 198 of those first rates appeared between 9:30 and 10:00 am, the earliest at 9:17 am and the latest at 10:10 am.

On 45 of those days a second rate followed, between 1:01 pm and 6:58 pm, and it is the day's rate from then on. The median move was ₹160 a gram, ₹1,280 on a pavan. A rate copied from the morning publication can be a different number by the evening, which is why every figure here carries its publication time.

On 11 September 2026 the association published ₹14,015 at 9:34 am and ₹14,155 at 3:53 pm. One pavan cost ₹1,120 more at the later rate than at the earlier one.

On a day with a revision the homepage shows the latest figure with its time, and one line giving the earlier rate it replaced. On every other day it shows a single publication time and says nothing about sessions. The history explorer lists every publication of every day and uses the day's last one for its daily figures.

The 24K rate: IBJA's national benchmark

The association publishes no 24K rate, and we do not work one out from its 22K figure. The 24K rate here is the India Bullion and Jewellers Association benchmark for 999 fine gold. IBJA is a bullion and jewellers' association in Mumbai. It publishes an opening (AM) and a closing (PM) figure per 10 grams for gold of 999, 995, 916, 750 and 585 fineness, and for silver. It does not publish on Saturdays, Sundays or central government holidays, and its figures carry no GST or making charges.

RBI's Sovereign Gold Bond scheme prices its bonds on the average of IBJA's closing 999 figure over three business days, and RBI lets a lender value pledged gold at the price published by IBJA or by a SEBI-regulated commodity exchange (gold loan per gram).

We show its newest figure per gram, its per-10-gram figure divided by ten, with its date and whether it is the opening or closing rate. It keeps that date over weekends and holidays.

Each IBJA publication is checked against IBJA's own previous figures and against the association's 22K of the same date: 999 gold works out about 9% above 22K, and a figure outside 4 to 16% above it is not shown. The latest is ₹15,211.30 a gram for 999 gold, the closing rate of 25 September. It is a benchmark, not a Nagercoil quote: coins carry a premium over it, and hallmarked 24K jewellery is 995 fine, for which the same publication gives ₹15,150.40 a gram.

MJDTA vs IBJA: two publishers, two rates

IBJA's 916 figure and the association's 22K rate describe the same metal, so they can be read side by side. They do not move together. On 11 September 2026 IBJA's opening 916 figure was ₹14,016.40 a gram, ₹1.40 above the association's 9:34 am rate of ₹14,015. By the close the association had revised to ₹14,155 while IBJA's closing 916 figure had fallen to ₹13,917.50: ₹237.50 apart, ₹1,900 on a pavan.

Most recently, on 25 September 2026, IBJA's closing 916 figure was ₹13,933.60 a gram and the association's last 22K rate that day was ₹14,010, ₹76.40 higher.

A figure taken from one and shown under the other's name would be wrong by that day's gap, so each rate keeps its own publisher, date and session word.

The silver rate

The association's silver figure, headed “1 Gm Silver”, is a rate per gram with no fineness stated. We read it from the association's rate history, which lists every publication with its date and time, in the same checks as the gold rate, and we test each figure against the days around it on the same rules as 22K. The silver rate page shows it with its own publication date, since it comes from the history rather than the homepage. Its kilogram figures are the gram rate times 1,000: the history's “1 Kg Silver” column has read 0.00 on almost every publication since March 2017, so it is not used.

Jewellers' and lenders' own rates

A jeweller's profile gives the rate on that jeweller's own website, read whenever we check the association. Where the jeweller prints its own update time the rate carries that time, and is called today's only if that time falls today; where it prints none, the rate carries the time of our check. A reading is used only if its 22K figure is within 5% of the association's 22K for the same day, and it stands as the jeweller's own for two days after the check that read it. After that, and for any purity a jeweller quotes no figure for, its rate table gives the Nagercoil gold rate for that purity instead, and the directory leaves that jeweller out of its rate comparison.

The gold-loan page gives each lender's own per-gram figure as that lender prints it: what it values a gram of 22K gold at, what it lends on a gram at a share it names, or both. A reading is used only if its value sits between 85% and 105% of the association's 22K for the same day; it carries the lender's own date where the lender prints one and our check time where it does not, and it drops out of the table two days after the check that read it. A value is never turned into a loan at an assumed share, and a loan is never worked back into a value.

When we check the sources

Collection is run by hand: we read the association's homepage and rate search, IBJA's tables and the tracked jewellers' and lenders' pages, add any new publication to our records, and rebuild the site. A revision can therefore sit on the source for some hours before it appears here; when it does, it carries the publisher's time, not ours.

Every check is logged with its own time, whether or not it found anything new, and a check that returns a publication we already hold is logged as a check rather than as a new rate. A check that cannot read the source is logged with its error and can never become the “checked” time. That time comes only from a check that read the source, and it appears under the rate box on the days when no newer rate has been published. While the newest checks are failing, the homepage says so, and from when.

Three times are kept apart in our records, all Indian Standard Time: the publisher's own publication time, the time we collected the figure, and the time the site was last built. Only the first is ever shown as the rate's time.

What we calculate

• Pavan and 10-gram figures are the per-gram rate multiplied by 8 and by 10.
• The 24K per-gram figure is IBJA's per-10-gram figure divided by ten; its pavan figure is that multiplied by 8. No purity is ever worked out from another.
• The change beside the rate compares the latest rate with the last rate of the previous day that had a publication, named by its date unless that day was yesterday.
• A “revised at” line compares a day's later publication with its earlier one, and appears only on days that had one.
• The history explorer uses the last publication of each trading day for every daily figure, and lists each day's individual publications in its table.
• The calculator multiplies the rate for the purity you choose by the net gold weight and adds the charges you enter; its assumptions, including the GST treatment, are listed on that page.
• A jeweller's or a lender's figure is set against the association's rate only when both come from the same day.

Validation, corrections and missing dates

Our copy of the rate search holds 11,550 publications across 6,386 trading days, from 2 January 2006 to 25 September 2026. Before any of it is shown, we compare each publication with the surrounding trading days. A figure that is zero, or more than 40% from the median of its neighbours, is excluded; one between 8% and 40% away is kept exactly as the association published it and marked as flagged in the history explorer. Four publications have been excluded: ₹19,610 on 13 December 2010 (₹1,906 that day); ₹19,604 on 17 February 2011 (₹1,906 that day); ₹29.20 on 30 August 2012 (₹2,902 that day); and a zero on 7 April 2020 (₹4,386 that day). Another six are kept and flagged.

The rate search's second column, labelled 10 grams at source, is used nowhere on this site: it does not consistently equal ten times the per-gram figure. The 18K figure has no archive of its own, so each 18K publication is checked against the 22K figure of the same publication and used only if it falls between 70% and 95% of it.

Each publication is held under its own date and time. If the association later shows a different figure for a date and time we already hold, the newer reading is the one used, the figure it replaced is kept, and that day is marked as corrected at source in the history explorer. That has not happened yet in our records.

A date our records hold no publication for is shown as missing and never filled with another day's rate. Every such date in 2026 so far has been a Sunday. A gap is a gap in our records, not proof that the association issued nothing that day.

When a source is late or unavailable

If no new publication arrives, the page keeps the last valid rate and shows its real date and time, with a notice saying so. We never show zero, never move an old rate to today's date, and never put a different benchmark under the association's label.

An 18K figure that fails its check falls back to the last valid one, and with none the rate is shown as unavailable rather than estimated. The 24K benchmark behaves the same way: with no valid publication the row reads “not available” and the calculator's 24K option is switched off. A jeweller's rate that cannot be read, or is more than two days old, gives way to the Nagercoil gold rate on its profile. A lender whose figure cannot be read drops out of the loan table rather than being carried forward.

Report an error

If a figure here does not match its source for the same publication time, tell us. We check the report against the source, correct the data if it is wrong, and keep the correction with its date and the value it replaced.