India Gold Premium — How Much More Is IBJA vs World Gold Right Now?
India's premium reflects import duty and GST, while the Vietnam Gold Premium reflects SJC-centered supply and gold import controls and the China Gold Premium a closed capital account.
IBJA vs World Gold — Detailed Comparison
| IBJA Gold999 Rate24K, 99.9% purity, per 10g | ₹147,463 |
| World Gold (Converted)XAU/USD converted to per 10g | ₹128,295 |
| Premium(IBJA rate − World converted) ÷ World converted | +14.94% |
| World Gold (Spot)XAU/USD | $4,140.7/oz |
| USD/INR Rate | 96 INR/USD |
IBJA Rate · World Gold · Premium Over Time
Last 7 Days
| Date | IBJA Rate | World Price (Converted) | Premium |
|---|---|---|---|
| 2026-10-08 | ₹147,463 | ₹128,295 | +14.94% |
| 2026-10-07 | ₹147,975 | ₹128,295 | +15.34% |
| 2026-10-06 | ₹147,278 | ₹129,695 | +13.56% |
| 2026-10-05 | ₹147,785 | ₹128,733 | +14.80% |
| 2026-10-01 | ₹148,687 | ₹129,604 | +14.72% |
| 2026-09-30 | ₹148,379 | ₹129,290 | +14.76% |
| 2026-09-29 | ₹147,400 | ₹128,981 | +14.28% |
Based on the latest 21 daily readings, the premium averaged +13.75%, with a high of +15.34% and a low of +11.21%.
How to Read the Premium
The premium shows, in %, how much higher the local gold price is than the international gold price (XAU/USD converted into the local currency and unit). It is calculated as (local price − international converted price) ÷ international converted price. Positive means local gold is more expensive; negative means cheaper.
This page colors the premium as low below 3%, moderate from 3% to 8%, high from 8% to 15%, and very high at 15% or more.
Figures in the table are daily reference values and can differ from intraday prices. For information only, not investment advice.
Frequently Asked Questions
Why is India gold (IBJA) always more expensive than world gold?
India charges a gold import duty (~15%) plus GST (~3%), and as one of the world's largest gold consumers, demand spikes every wedding season, driving up the premium.
What is IBJA?
IBJA (India Bullion and Jewellers Association) is India's bullion and jewellers association. It's the official benchmark the Indian government used as the reference price for Sovereign Gold Bond (SGB) issuance and redemption, making it a highly reliable domestic gold price indicator.
Is it a loss to buy when the premium is high?
If you buy when the premium is high, you can lose money later purely from the premium shrinking back down, even if the world gold price stays flat.
