Gold price / rate per gram in INR

Today, 18 Nov 2018, current price of 1 troy ounce(1221.1 USD) and USD rate (71.78 INR).


24 KPurity - 2815.41INR
22 KPurity - 2581.39INR
18 KPurity - 2113.35INR
14KPurity - 1648.9 INR
9KPurity - 1056.67INR

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.