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24K Gold ₹15,086 — 0.00% |
22K Gold ₹13,819 — 0.00% |
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Platinum ₹6,285 — 0.00% |
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Gold Rate in Minicoy Today

Minicoy, Lakshadweep District, Lakshadweep

Updated Today

Minicoy Gold Rates

Today's prices · 07 May 2026

22K Gold (916) ↓ ₹0
₹13,642.01
per gram
10 grams ₹136,420
100 grams ₹1,364,201
Yesterday ₹13,783.61
24K Gold (999)
₹14,893.03
per gram
10 grams ₹148,930
100 grams ₹1,489,303
Yesterday ₹15,047.53
18K Gold (750)
₹11,180.98
per gram
10 grams ₹111,810
Silver (999)
₹236.54
per gram
100 grams ₹23,654

Gold Rate by Weight in Minicoy

Today · 07 May 2026

Weight 24K (999) 22K ★ (916) 18K (750)
1 gram ₹14,893 ₹13,642 ₹11,181
2 grams ₹29,786 ₹27,284 ₹22,362
4 grams ₹59,572 ₹54,568 ₹44,724
5 grams ₹74,465 ₹68,210 ₹55,905
8 grams ₹119,144 ₹109,136 ₹89,448
10 grams ₹148,930 ₹136,420 ₹111,810
1 Tola (11.664 g) ₹173,709 ₹159,118 ₹130,413
20 grams ₹297,861 ₹272,840 ₹223,620
50 grams ₹744,652 ₹682,101 ₹559,049
1 Troy oz (31.1 g) ₹463,225 ₹424,314 ₹347,768
100 grams ₹1,489,303 ₹1,364,201 ₹1,118,098
1 kg ₹14,893,030 ₹13,642,010 ₹11,180,980
★ 22K (916 Hallmark) is the standard for jewellery in India. Prices are metal value only — making charges, GST (3%), and hallmarking fee are additional.

Gold Price Calculator — Minicoy

Calculate gold value by weight at today's local rate

₹
Estimated Gold Value

* Metal value only. Add making charges (₹200–₹800/g), 3% GST, and hallmarking fee for total purchase cost.

10-Day Gold Rate History — Minicoy

22K & 24K daily rates

Date 24K / gram 22K / gram 22K / 10g
29 Apr 2026 Today ₹14,893.03 ₹13,642.01 ₹136,420
11 Apr 2026 ₹15,047.53 ₹13,783.61 ₹137,836
06 Apr 2026 ₹14,675.32 ₹13,442.62 ₹134,426
08 Mar 2026 ₹15,875.10 ₹14,541.60 ₹145,416
07 Mar 2026 ₹15,875.10 ₹14,541.60 ₹145,416
06 Mar 2026 ₹15,875.10 ₹14,541.60 ₹145,416
05 Mar 2026 ₹16,058.60 ₹14,709.70 ₹147,097
04 Mar 2026 ₹16,254.80 ₹14,889.40 ₹148,894
03 Mar 2026 ₹16,747.10 ₹15,340.30 ₹153,403
02 Mar 2026 ₹16,747.10 ₹15,340.30 ₹153,403

Monthly Gold Rate Summary — Minicoy

22K highest and lowest price each month

Apr 2026
High
₹13,784
Low
₹13,443
Mar 2026
High
₹15,340
Low
₹14,542
Feb 2026
High
₹14,587
Low
₹13,621

30-Day Gold Price Trend

22K gold rate movement in Minicoy

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About Gold Rate in Minicoy

Gold rate in Minicoy, Lakshadweep District, Lakshadweep today is ₹13,642.01 per gram for 22K (916 Hallmark) gold and ₹14,893.03 per gram for 24K (999) gold. These rates are updated daily based on the official IBJA (India Bullion and Jewellers Association) rate, adjusted for local market conditions in Minicoy.

The price of gold in Minicoy may vary slightly from the national IBJA rate due to transportation costs from the nearest wholesale gold hub, local taxes, and jeweller margins. The actual price you pay at a jewellery store will be higher — jewellers add making charges (typically ₹200–₹800 per gram), 3% GST on the total, and a hallmarking fee of ₹45 per piece.

22K gold (916 hallmark) is the most popular choice for jewellery purchases in India including Minicoy because it is durable and affordable. 24K gold (999 purity) is preferred for investment in coins and bars as it has no alloy content. 18K gold is used for lightweight, modern jewellery designs.

JewellersInCity is building the most complete directory of jewellers in Lakshadweep District district. If you own or know a jewellery store in Minicoy, list it free to reach thousands of local buyers.

Frequently Asked Questions

Gold rate in Minicoy — common queries answered

Today's gold rate in Minicoy, Lakshadweep District is ₹13,642.01/gram for 22K (916 Hallmark) and ₹14,893.03/gram for 24K (999 purity). These rates are as of 07 May 2026.
10 grams of 22K gold in Minicoy costs ₹136,420 today. 10 grams of 24K gold costs ₹148,930. Note: actual purchase price will include making charges and 3% GST.
1 Tola equals 11.664 grams. At today's rate, 1 Tola of 22K gold in Minicoy costs ₹159,118 and 1 Tola of 24K gold costs ₹173,709.
1 Sovereign equals 8 grams. Today's price for 1 sovereign of 22K gold in Minicoy is ₹109,136.
The IBJA (India Bullion and Jewellers Association) publishes a national benchmark rate. Local rates in Minicoy vary by ₹1–₹15 per gram due to transportation costs from the nearest wholesale gold market, local demand, and supply chain logistics. Cities near wholesale hubs like Mumbai, Delhi, or Ahmedabad tend to have rates closer to the national benchmark.
22K gold (916 hallmark) is ideal for jewellery as it is more durable due to alloy content, and is the most common purity in Indian jewellery stores. 24K gold (999) is best for investment — coins and bars — because it has no alloy and retains value better. For daily-wear jewellery, 22K is the practical choice.
100 grams of 22K gold in Minicoy costs ₹1,364,201 today. 100 grams of 24K gold costs ₹1,489,303. These are metal values only; buying cost will be higher.
The gold rate across Lakshadweep District district follows the same base IBJA rate with minor tehsil-level adjustments. For the exact Lakshadweep District district rate, visit the Lakshadweep District gold rate page. Minicoy is one of the tehsils within Lakshadweep District district.

Minicoy Stats

0
Total Jewellers

Today vs Yesterday

22K Today ₹13,642.01
22K Yesterday ₹13,783.61
Change ₹-141.60

Nearby Tehsils

Agatti
Amini
Andrott
Bitra
Chetlat

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National Rate
India IBJA Rate
Disclaimer

Rates shown are indicative. Actual prices include making charges, GST and vary by jeweller.

Minicoy vs National Gold Rate Today

How the local rate is built up from the IBJA benchmark

Minicoy
₹13,642
per gram · 22K
Adjusted
Lakshadweep District Dist.
—
per gram · 22K
Lakshadweep
—
per gram · 22K
India (IBJA)
₹13,819
per gram · 22K
Minicoy: ₹177
Nearest gold hub: Chennai (953 km)
Location premium: +₹13.61/g vs IBJA

Gold Rate FAQ — Minicoy

Common questions about gold pricing in Minicoy

What is today's gold rate in Minicoy?
Today's 22K (916 hallmark) gold rate in Minicoy is ₹13,642 per gram. The 24K (999 purity) rate is ₹14,893/gram and 18K (750) is ₹11,181/gram. This rate is computed from the IBJA national benchmark adjusted for Minicoy's distance from Chennai (953 km).
Why does gold cost less in Minicoy than the national rate?
Gold is physically transported from major bullion hubs (Mumbai, Delhi, Chennai, Kolkata, Ahmedabad, Hyderabad, Jaipur, Surat) to retail outlets across India. Minicoy is 953 km from the nearest hub (Chennai), so jewellers add a small location premium to cover transport, insurance, and local handling. The current location premium for Minicoy is +₹13.61 per gram over the IBJA benchmark. State-level taxes and association-set retail prices also create small variations between cities.
When is the best time to buy gold in Minicoy?
Two strategies — astrological and economic — guide gold buying in India. Astrologically, the next auspicious muhurat for Minicoy is Akshaya Tritiya on Sunday, 9 May 2027 (366 days away), with the local window between 05:36 – 12:57. Economically, IBJA publishes rates twice daily (AM and PM) — afternoon rates often differ from morning by ₹20–₹100/g. Avoid buying during festival peaks (Akshaya Tritiya, Dhanteras) when rates spike from demand. Gold tends to soften in March-April after wedding season ends and again in September before Navratri starts.
What are the GST and other taxes on gold in Minicoy?
Two GST components apply to every gold jewellery purchase across India, including Minicoy: 3% GST on the gold value (weight × today's rate) and 5% GST on the making charges. A typical 10-gram 22K piece at today's rate of ₹13,642/g works out to: gold ₹136,420 + making charges (typically 9–15% in Lakshadweep) + 3% GST on gold + 5% GST on making. Since June 2021, hallmarking adds no extra cost — every BIS-certified piece must include the HUID stamp at no charge. Always insist on a GST-compliant tax invoice; without one, the purchase isn't legally protected and resale value drops.
How often do gold rates change in Minicoy?
The India Bullion and Jewellers Association (IBJA) publishes official benchmark rates twice every working day — once in the morning and once in the afternoon. Most jewellers in Minicoy update their counter rates with the AM IBJA rate and hold it through the day. International gold prices in London or Comex can shift the IBJA AM-vs-PM by ₹50–₹200 per gram on volatile days. On weekends and bank holidays no fresh rate is published, so Friday's evening rate carries through to Monday morning. For Minicoy, the local rate also includes the location premium of +₹13.61/g — this stays stable for weeks unless the nearest hub's transport costs change.

Rate Tools — Minicoy

Calculate, verify and convert gold values

Today's All-In Price (per 10g)

Final out-of-pocket price for 10 grams in Minicoy including local making charges and GST:

Gold (22K, 10g) ₹136,420
Making @ 12% ₹16,370
GST (3% gold + 5% making) ₹4,911
Final price ₹157,702

Estimate only — your jeweller's actual making rate may differ. Always ask for an itemised bill.

Old Gold Exchange Rate

Today's likely buy-back rate per gram at Minicoy jewellers (before wastage and assay deductions):

22K (916) hallmarked ~₹13,096/g
18K (750) hallmarked ~₹10,726/g
14K (585) hallmarked ~₹8,369/g

Formula: today's 22K × purity factor × (1 − wastage). Most Minicoy jewellers deduct 2–8% as wastage. Non-hallmarked gold gets assayed first, often reducing the rate further.

HUID Verification

Every gold piece sold in Minicoy after June 2021 must carry a six-digit HUID. To verify any bill or piece:

  1. Download BIS Care app (Play Store / App Store, free)
  2. Tap "Verify HUID" inside the app
  3. Enter the six-digit code stamped on your jewellery
  4. Match jeweller name + purity + hallmarking date with your bill

If the BIS Care result differs from the jeweller you bought from, refuse the piece and report to BIS at 1800-11-4000.

About Minicoy

Lakshadweep District, Lakshadweep

Minicoy is a tehsil in Lakshadweep District district, Lakshadweep. The nearest major gold trading hub is Chennai, approximately 953 km away, which results in local gold rates running about ₹13.61/g above the IBJA national benchmark. Minicoy uses STD code 05629.

STD Code
05629
Nearest Gold Hub
Chennai · 953 km
Coordinates
8.2740°N, 73.0496°E
Gold Price Adjustment
+₹13.61/gram vs national

Upcoming Gold-Buying Muhurats — Minicoy

Auspicious dates with local timing (-38 min vs IST)

Akshaya Tritiya

366 days away

Sunday, 9 May 2027

The single most auspicious day of the Hindu calendar to buy gold. Wealth purchased today is believed to grow continuously.

Minicoy window
05:36 – 12:57
IST: 06:14 – 13:35 IST

Akshaya Tritiya

720 days away

Thursday, 27 April 2028

The single most auspicious day of the Hindu calendar to buy gold. Wealth purchased today is believed to grow continuously.

Minicoy window
05:16 – 11:46
IST: 05:54 – 12:24 IST

Dhanteras

184 days away

Saturday, 7 November 2026

The first day of Diwali — when buying gold, silver and utensils invokes Goddess Lakshmi's blessings. Largest single-day gold buying event in India.

Minicoy window
16:51 – 18:46
IST: 17:29 – 19:24 IST
Why timings differ from IST: Vedic muhurats are computed from local sunrise — so Minicoy's longitude shifts the auspicious window by roughly 38 minutes from the standard IST muhurat. Minicoy jewellers traditionally honour these local windows during festival sales.

Lakshadweep Jewellery Market

State-level buying context for Minicoy shoppers

Tradition & Style

Lakshadweep's overwhelmingly Mappila Muslim population follows Kerala-Mappila jewellery traditions — heavy 22K gold sets emphasising the bride's family wealth, with chest-spanning Kasu Mala-style pieces being central.

Typical Making Charges

9–15%

of gold value in Lakshadweep

Preferred Purity

22K hallmark — heavy investment-grade gold

Peak Buying Seasons

Eid-ul-Fitr, Eid-ul-Adha, wedding season

Major Gold Markets in Lakshadweep

Kavaratti Kochi (mainland sourcing)

BIS adoption: Mostly mainland-imported — Kavaratti retailers source from Kochi/Thrissur.