How this site's figures are produced

Every rupee figure on this site comes from the India Bullion and Jewellers Association's own published rate, announced twice on each trading day. This page describes the process, its limits, and what a reader should not conclude from it.

Why the lower purities are derived and not separately quoted

The association publishes one rate for 24-karat gold. It does not publish a rate for 22, 18 or 14 karat. Those purities are derived by multiplying the 24-karat rate by the stated purity. The arithmetic is exact, to the rupee, and no separate quote exists anywhere in the market.

This matters because a shop can advertise a 'better 22-karat rate' than another shop, but the rate is not a market price. It is a calculation from the same benchmark. A difference between two shops is not a difference in the metal; it is a difference in what else is being charged, or in what is being claimed.

How a rate published per ten grams becomes a rate per gram

The association quotes gold and platinum per ten grams and silver per kilogram. Every figure here is converted to one gram before anything is stored. The conversion is a simple division, and it does not change the benchmark.

The association's page is read by container: the morning table and the afternoon table are separate. A figure can never be taken from the wrong half of the page. This is a mechanical safeguard, not a judgement about which rate is better.

What the benchmark excludes before a buyer ever sees a bill

The association's rates are published before tax. Where this site shows what a buyer pays, the three per cent goods and services tax is added and labelled as such. The benchmark also excludes making charges, a jeweller's own margin, and what a counter pays on buy-back.

Those costs are not published anywhere and are not estimated here. A buyer who compares a shop's price to the benchmark is comparing two numbers that do not include the same things. The difference is not a premium on gold; it is the cost of making and selling a piece.

The costs this desk refuses to estimate

A reading whose domestic premium over the international gram falls outside a band of zero to twenty-five per cent is refused, and nothing is written that run. A reading is also refused if the purity ladder does not fall with purity, or if the published rate is more than five days old.

The international price is never taken from the same page: it comes from two independent sources, a gold price in dollars an ounce and a dollar-rupee rate. This is a cross-check, not a forecast. The association does not publish on weekends or on holidays, so the most recent rate is sometimes a day or two old; the date it carries is shown rather than hidden.