Gold price / rate per gram in INR

Today, 19 Oct 2018, current price of 1 troy ounce(1226.0 USD) and USD rate (73.48 INR).


24 KPurity - 2893.8INR
22 KPurity - 2653.51INR
18 KPurity - 2172.19INR
14KPurity - 1694.54 INR
9KPurity - 1086.09INR

For over a century, five companies ran the London Gold Market Fixing Company and set prices through a process conducted by telephone called the “London Gold Fix.” 1 On March 20, 2015, the ICE Benchmark Administration (IBA) took over and replaced the process with an electronic auction system called the LBMA Gold Price. 2 3 The LBMA owns the rights to the process. Several banks, an oversight committee, and a panel of internal and external chair members make up the IBA. Twice daily, at 10:30 AM and 3:00 PM UK Time, the IBA publishes the LBMA Gold Price in US dollars, which serves as a benchmark price for gold producers, investors, consumers, and central banks worldwide. The price of gold is adjusted in real-time based on financial evaluations of anonymous auction rounds run every 45 seconds. When all buy and sell orders and imbalances are within 20,000 troy ounces, the price is fixed.