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24K Gold ₹15,086 — 0.00% |
22K Gold ₹13,819 — 0.00% |
18K Gold ₹11,326 — 0.00% |
Silver ₹249 — 0.00% |
Platinum ₹6,285 — 0.00% |
Indicative rates
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JEWELLERSINCITY
India's Premier Directory
Updated 07 May 2026, 8:58 PM

Gold Rate in
Magadi

Live rates · 30-day history · Local jewellers  ·  National reference rate

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22K · 916 Hallmark
₹13,819
per gram
▲ ₹190 vs yesterday
24K · 999 Pure
₹15,086
per gram
18K · 750
₹11,315
per gram
Silver · 999
₹249
per gram
Using national reference rate. No local stores have submitted today's rate for Magadi yet. Rates shown are based on IBJA national prices.

Gold Rate in Magadi — 07 May 2026

All prices in ₹ per gram · Inclusive of GST 3%

Metal / Purity Rate/gram Rate/8g (Tola) Rate/10g Rate/100g
24K Gold (999)
Pure gold · Coins & bars
 ₹15,086 ₹120,688 ₹150,860 ₹1,508,600
22K Gold (916) Most Popular
Standard jewellery · BIS hallmark
 ₹13,819 ₹110,550 ₹138,188 ₹1,381,880
18K Gold (750)
Diamond jewellery · Modern designs
 ₹11,315 ₹90,520 ₹113,150 ₹1,131,500
14K Gold (585)
Export quality · Fashion jewellery
 ₹8,825 ₹70,600 ₹88,250 ₹882,500
Silver (999)
Fine silver
 ₹249 ₹1,993 ₹2,491 ₹24,907

No historical rate data from local stores in Magadi yet. History will build as local jewellers submit their daily rates.

BIS Hallmark Jewellers in Magadi

Verified stores near you

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Adarsh Jewellery Works - Jeweller in Magadi
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Adarsh Jewellery Works

₹₹
Magadi, Karnataka
0.0 (0)
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Aie Mathaji Enterprises Jewellers & Bankers - Jeweller in Magadi
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Aie Mathaji Enterprises Jewellers & Bankers

₹₹
Magadi, Karnataka
0.0 (0)
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Akshaya Silver Manufacturers And Wholesalers - Jeweller in Magadi
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Closed

Akshaya Silver Manufacturers And Wholesalers

₹₹
Magadi, Karnataka
0.0 (0)
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Amardeep Jewellers - Jeweller in Magadi
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Closed

Amardeep Jewellers

₹₹
Magadi, Karnataka
0.0 (0)
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Ambikajewellers - Jeweller in Magadi
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Closed

Ambikajewellers

₹₹
Magadi, Karnataka
0.0 (0)
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Anand Abharan India Private Limited - Jeweller in Magadi
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Closed

Anand Abharan India Private Limited

₹₹
Magadi, Karnataka
0.0 (0)
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Buying Gold in Magadi — What You Should Know

Gold rates in Magadi closely follow the IBJA (India Bullion and Jewellers Association) daily benchmark, which is set twice daily based on the international spot price adjusted for import duty and local taxes. While the base rate is the same across Magadi, the total price you pay will vary between jewellers because of making charges (₹150–₹800/gram), wastage charges (2–20%), and GST at 3%.

🔍
Always Check Hallmark

Insist on BIS HUID hallmark on every piece. Verify the 6-digit alphanumeric code on the BIS Care app before buying.

📋
Demand Itemised Bill

A proper GST bill must show: gold weight, purity, gold rate, making charges, and HUID. Never accept a lump-sum bill.

⚖️
Compare Making Charges

Making charges vary widely in Magadi. Get quotes from at least 2–3 jewellers for the same design before deciding.

Typical Making Charges in Magadi

Jewellery Type Making Charges Wastage
Plain Gold Bangles₹150–₹300/g2–5%
Gold Chains₹200–₹400/g5–12%
Gold Necklace₹300–₹600/g8–15%
Earrings₹250–₹500/g5–10%
Rings₹200–₹450/g3–8%
Bridal Set₹400–₹800/g10–20%

Frequently Asked Questions — Gold Rate in Magadi

Today's 22K (916 hallmark) gold rate in Magadi is ₹13,819 per gram as of 07 May 2026. This rate is based on the IBJA national rate and may vary slightly by jeweller due to making charges and local taxes.
1 tola (8 grams) of 22K gold in Magadi costs approximately ₹110,550 today. For 24K gold, 1 tola costs ₹120,688.
10 grams of 22K gold in Magadi costs ₹138,188. For 24K gold, 10 grams costs ₹150,860. Note that the final price will include making charges and 3% GST.
The base gold rate is the same for all jewellers in Magadi (set by IBJA). However, the total price you pay differs because making charges range from ₹150 to ₹800 per gram depending on jewellery type and jeweller.
Always look for the BIS HUID hallmark — a 6-character alphanumeric code stamped on the jewellery. Verify it on the free BIS Care app (available on Play Store/App Store). 916 = 22K, 750 = 18K, 999 = 24K.
Yes. GST at 3% applies on the value of gold (gold rate × weight + making charges). This applies uniformly across India including Magadi. Some jewellers include GST in the displayed rate; always ask for a GST-inclusive bill.
The gold rate itself is the same across Magadi, but making charges vary. Compare total price (gold + making + GST) across 2–3 BIS-certified jewellers. Use our jeweller directory to find verified BIS hallmark certified stores in Magadi.
Disclaimer: Gold rates shown are indicative and based on IBJA national rates or crowdsourced reports from local jewellers in Magadi. Actual purchase price will include making charges, wastage, and 3% GST. Always verify the final price with your jeweller before purchase.

Magadi Gold Rates

07 May 2026

24K (999) /gram ₹15,086
22K (916) /gram ₹13,819
18K (750) /gram ₹11,315
Silver (999) /gram ₹249
22K per 10g ₹138,188
22K ▲ Up ₹190/g from yesterday
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