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24K Gold ₹15,115 — 0.00% |
22K Gold ₹13,845 — 0.00% |
18K Gold ₹11,348 — 0.00% |
Silver ₹255 — 0.00% |
Platinum ₹6,226 — 0.00% |
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Gold Rate in Banda Today

Banda, Sagar, Madhya Pradesh

Updated Today

Banda Gold Rates

Today's prices · 08 May 2026

22K Gold (916) ↓ ₹0
₹13,638.55
per gram
10 grams ₹136,386
100 grams ₹1,363,855
Yesterday ₹13,780.15
24K Gold (999)
₹14,889.26
per gram
10 grams ₹148,893
100 grams ₹1,488,926
Yesterday ₹15,043.76
18K Gold (750)
₹11,178.14
per gram
10 grams ₹111,781
Silver (999)
₹236.54
per gram
100 grams ₹23,654

Gold Rate by Weight in Banda

Today · 08 May 2026

Weight 24K (999) 22K ★ (916) 18K (750)
1 gram ₹14,889 ₹13,639 ₹11,178
2 grams ₹29,779 ₹27,277 ₹22,356
4 grams ₹59,557 ₹54,554 ₹44,713
5 grams ₹74,446 ₹68,193 ₹55,891
8 grams ₹119,114 ₹109,108 ₹89,425
10 grams ₹148,893 ₹136,386 ₹111,781
1 Tola (11.664 g) ₹173,665 ₹159,077 ₹130,380
20 grams ₹297,785 ₹272,771 ₹223,563
50 grams ₹744,463 ₹681,928 ₹558,907
1 Troy oz (31.1 g) ₹463,108 ₹424,207 ₹347,679
100 grams ₹1,488,926 ₹1,363,855 ₹1,117,814
1 kg ₹14,889,260 ₹13,638,550 ₹11,178,140
★ 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 — Banda

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 — Banda

22K & 24K daily rates

Date 24K / gram 22K / gram 22K / 10g
29 Apr 2026 Today ₹14,889.26 ₹13,638.55 ₹136,386
11 Apr 2026 ₹15,043.76 ₹13,780.15 ₹137,802
06 Apr 2026 ₹14,672.75 ₹13,440.26 ₹134,403
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 — Banda

22K highest and lowest price each month

Apr 2026
High
₹13,780
Low
₹13,440
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 Banda

Jewellers in Banda

234 verified jewellers

Bansi Jewellers

Bansi Jewellers

Basant Jewellers

Basant Jewellers

Bhakti Jewellers

Bhakti Jewellers

Bhanjibhai Jewellers

Bhanjibhai Jewellers

Bhavani Jewelelrs

Bhavani Jewelelrs

Bhavani Jewellers

Bhavani Jewellers

Bhavesh Jewellers

Bhavesh Jewellers

Bhavin Jewellers

Bhavin Jewellers

Bhavya Jewellers

Bhavya Jewellers

Bhikhubhai M Raninga

Bhikhubhai M Raninga

Bhumika Jewellers

Bhumika Jewellers

Chamunda Jewellers

Chamunda Jewellers

About Gold Rate in Banda

Gold rate in Banda, Sagar, Madhya Pradesh today is ₹13,638.55 per gram for 22K (916 Hallmark) gold and ₹14,889.26 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 Banda.

The price of gold in Banda 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 Banda 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.

There are currently 234 jewellers listed in Banda on JewellersInCity. Use the listings above to compare prices, read reviews, and find the best jeweller near you.

Frequently Asked Questions

Gold rate in Banda — common queries answered

Today's gold rate in Banda, Sagar is ₹13,638.55/gram for 22K (916 Hallmark) and ₹14,889.26/gram for 24K (999 purity). These rates are as of 08 May 2026.
10 grams of 22K gold in Banda costs ₹136,386 today. 10 grams of 24K gold costs ₹148,893. 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 Banda costs ₹159,077 and 1 Tola of 24K gold costs ₹173,665.
1 Sovereign equals 8 grams. Today's price for 1 sovereign of 22K gold in Banda is ₹109,108.
The IBJA (India Bullion and Jewellers Association) publishes a national benchmark rate. Local rates in Banda 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 Banda costs ₹1,363,855 today. 100 grams of 24K gold costs ₹1,488,926. These are metal values only; buying cost will be higher.
The gold rate across Sagar district follows the same base IBJA rate with minor tehsil-level adjustments. For the exact Sagar district rate, visit the Sagar gold rate page. Banda is one of the tehsils within Sagar district.

Banda Stats

234
Total Jewellers
0.03
Avg Rating

Today vs Yesterday

22K Today ₹13,638.55
22K Yesterday ₹13,780.15
Change ₹-141.60

Nearby Tehsils

Bandari
Bina
Deori
Garhakota
Jaisinagar

Navigate

Sagar
All Tehsils
Madhya Pradesh
All Districts
National Rate
India IBJA Rate
Disclaimer

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

Banda vs National Gold Rate Today

How the local rate is built up from the IBJA benchmark

Banda
₹13,639
per gram · 22K
Adjusted
Sagar Dist.
—
per gram · 22K
Madhya Pradesh
—
per gram · 22K
India (IBJA)
₹13,845
per gram · 22K
Banda: ₹207
Nearest gold hub: Jaipur (452 km)
Location premium: +₹10.15/g vs IBJA

Gold Rate FAQ — Banda

Common questions about gold pricing in Banda

What is today's gold rate in Banda?
Today's 22K (916 hallmark) gold rate in Banda is ₹13,639 per gram. The 24K (999 purity) rate is ₹14,889/gram and 18K (750) is ₹11,178/gram. This rate is computed from the IBJA national benchmark adjusted for Banda's distance from Jaipur (452 km).
Why does gold cost less in Banda 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. Banda is 452 km from the nearest hub (Jaipur), so jewellers add a small location premium to cover transport, insurance, and local handling. The current location premium for Banda is +₹10.15 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 Banda?
Two strategies — astrological and economic — guide gold buying in India. Astrologically, the next auspicious muhurat for Banda is Akshaya Tritiya on Sunday, 9 May 2027 (366 days away), with the local window between 05:59 – 13:20. 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 Banda?
Two GST components apply to every gold jewellery purchase across India, including Banda: 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 ₹13,639/g works out to: gold ₹136,386 + making charges (typically 10–16% in Madhya Pradesh) + 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 Banda?
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 Banda 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 Banda, the local rate also includes the location premium of +₹10.15/g — this stays stable for weeks unless the nearest hub's transport costs change.

Rate Tools — Banda

Calculate, verify and convert gold values

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

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

Gold (22K, 10g) ₹136,386
Making @ 12% ₹16,366
GST (3% gold + 5% making) ₹4,910
Final price ₹157,662

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 Banda jewellers (before wastage and assay deductions):

22K (916) hallmarked ~₹13,093/g
18K (750) hallmarked ~₹10,723/g
14K (585) hallmarked ~₹8,366/g

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

HUID Verification

Every gold piece sold in Banda 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 Banda

Sagar, Madhya Pradesh

Banda is a tehsil in Sagar district, Madhya Pradesh. The nearest major gold trading hub is Jaipur, approximately 452 km away, which results in local gold rates running about ₹10.15/g above the IBJA national benchmark. Banda uses STD code 03446.

STD Code
03446
Nearest Gold Hub
Jaipur · 452 km
Coordinates
24.0365°N, 78.9670°E
Gold Price Adjustment
+₹10.15/gram vs national

Upcoming Gold-Buying Muhurats — Banda

Auspicious dates with local timing (-14 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.

Banda window
05:59 – 13:20
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.

Banda window
05:39 – 12:09
IST: 05:54 – 12:24 IST

Dhanteras

183 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.

Banda window
17:14 – 19:09
IST: 17:29 – 19:24 IST
Why timings differ from IST: Vedic muhurats are computed from local sunrise — so Banda's longitude shifts the auspicious window by roughly 14 minutes from the standard IST muhurat. Banda jewellers traditionally honour these local windows during festival sales.

Madhya Pradesh Jewellery Market

State-level buying context for Banda shoppers

Tradition & Style

MP is known for tribal silver jewellery alongside mainstream gold. Indore is the state's commercial gold hub.

Typical Making Charges

10–16%

of gold value in Madhya Pradesh

Preferred Purity

22K hallmark

Peak Buying Seasons

Diwali, Dhanteras, wedding season (Nov–Feb)

Major Gold Markets in Madhya Pradesh

Delhi Indore Bhopal Gwalior

BIS adoption: Moderate — major cities have good BIS penetration.