8 Grams Gold Price Today in India - 22K & 24K Rate
Table of Contents
The 8 grams gold price is commonly referenced in jewellery purchases and valuation. Since one gram pricing forms the basis, the value of 8 grams changes in line with prevailing market conditions, including global gold prices and exchange rate movements.
Indicatively, recent benchmark rates suggest that the 8 grams gold price for 22K and 24K gold may fall within ranges derived from current market pricing. These values are subject to change throughout the trading cycle and may differ based on location and applicable charges.
Understanding this pricing is also useful when gold is pledged as collateral, as the assessed value may influence eligible loan amounts under applicable regulatory limits.
Today's 8 Gram Gold Rate - 22K and 24K Price Table
The table below provides an illustrative conversion of per-gram rates into 8-gram values based on recent pricing benchmarks. These figures are indicative and subject to change.
|
Purity |
Today's rate (per gram) |
8-gram price |
Yesterday (8g) |
Change |
|
22K (916) |
₹13,190 |
₹1,05,520 |
₹1,05,040 |
+₹480 |
|
24K (999) |
₹14,400 |
₹1,15,200 |
₹1,14,680 |
+₹520 |
Note: Prices shown are indicative and may vary depending on market benchmarks, location and applicable charges.
8 Gram Gold Price Trend - Last 10 Days
Indicative 10-day movement in actual 8-gram amounts, scaled from recent MCX levels. Confirm the live rate before acting on it.
|
Date (2026) |
22K (8g) |
24K (8g) |
Daily change (24K) |
|
1 July |
₹1,04,500 |
₹1,14,080 |
- |
|
2 July |
₹1,04,200 |
₹1,13,760 |
-₹320 |
|
3 July |
₹1,04,640 |
₹1,14,240 |
+₹480 |
|
4 July |
₹1,04,940 |
₹1,14,560 |
+₹320 |
|
5 July |
₹1,04,700 |
₹1,14,300 |
-₹260 |
|
6 July |
₹1,05,020 |
₹1,14,640 |
+₹340 |
|
7 July |
₹1,05,260 |
₹1,14,920 |
+₹280 |
|
8 July |
₹1,05,140 |
₹1,14,780 |
-₹140 |
|
9 July |
₹1,05,040 |
₹1,14,680 |
-₹100 |
|
10 July |
₹1,05,520 |
₹1,15,200 |
+₹520 |
Note: All figures are indicative. Actual amounts, fees, coverage percentages, and eligibility criteria may vary depending on the lender, borrower profile, loan category, and applicable guidelines at the time of application.
The stretch reads as a shallow dip early in the month followed by a steady climb, with no single day moving more than half a percent.
How to Calculate the Price of 8 Grams of Gold
The full jewellery bill follows one formula: Total cost = (rate per gram x 8) + making charges + 3% GST on (gold value + making charges).
Step through it with today's 22K rate.
- Gold value: 13,190 x 8 = ₹1,05,520.
- Making charges: these vary by jeweller, typically 8% to 25% of gold value. Take 12% as illustration: ₹12,660.
- Subtotal: ₹1,18,180.
- GST at 3%: ₹3,545.
- Final bill: approximately ₹1,21,725.
Over ₹16,000 above the metal value, and the making charge percentage did most of that. Negotiating making charges moves the bill far more than waiting for a ₹100 rate dip.
What Is Included in the Final Price?
Three components, nothing hidden. Gold value is the rate multiplied by weight. Making charges pay for the craftsmanship and differ piece to piece. GST at 3% applies on the sum of both. The BIS hallmark adds no cost; it simply certifies that the purity on the invoice matches the metal, which protects resale and pledge value later.
Using 8 Grams of Gold as Collateral for a Gold Loan
Eight grams of 22K gold may have an assessed value based on the prevailing 8 grams gold price. Under the applicable RBI framework, LTV limits are tiered as follows:
- Up to ₹2.5 lakh – up to 85%
- ₹2.5 lakh to ₹5 lakh – up to 80%
- Above ₹5 lakh – up to 75%
Based on these limits, the eligible loan amount may be derived from the assessed value of the pledged gold. The final sanctioned amount depends on purity verification, net weight, valuation methodology and lender evaluation.
Gold Purity Guide - 18K, 22K, and 24K Explained
|
Karat |
Purity % |
BIS hallmark |
Common use |
|
18K |
75% |
750 |
Stone-studded and designer jewellery |
|
22K |
91.6% |
916 |
Standard Indian jewellery |
|
24K |
99.9% |
999 |
Coins and bars |
Note: All figures are indicative. Actual amounts, fees, coverage percentages, and eligibility criteria may vary depending on the lender, borrower profile, loan category, and applicable guidelines at the time of application.
22K carries the durability jewellery needs; 24K carries the most metal per gram. That single trade-off explains almost every purity decision at an Indian counter.
Conclusion
The 8 grams gold rate reflects prevailing market conditions and changes regularly. Since pricing is derived from per-gram benchmark rates, the final value depends on market trends, location and applicable charges such as making charges and GST.
When used as collateral, the same valuation approach may influence loan eligibility, subject to applicable LTV limits, purity assessment and lender evaluation.
Frequently Asked Questions
What is the price of 8 grams of gold in India today?
The 8 grams gold price is derived from the prevailing per-gram rate. Actual prices may vary based on market benchmarks, location and applicable charges such as making charges and GST.
Does the 8-gram gold rate differ from city to city in India?
Yes, marginally. The base MCX-linked rate is national, but state levies and local jewellers' association rates create small gaps, typically between 200 to ₹500 on 8 grams. Not enough to travel for, and worth ignoring entirely for, loans, since lenders value pledges against the published IBJA or exchange benchmark rather than any city's retail quote. For purchases, simply compare two or three local shops on the same morning.
How often does the 8-gram gold price change?
Every trading day, following MCX closing levels, with the day's retail rate typically set in the morning. Weekends and public holidays carry the previous trading day's rate forward. Intraday moves happen on the exchange, but shop boards usually hold the morning quote. If you are watching for an entry point, track the weekly direction rather than daily wiggles; single-day changes on 8 grams rarely exceed a few hundred rupees.
Is 22K or 24K gold better for buying jewellery?
22K, almost without exception. At 91.6% purity the alloy is hard enough for daily wear, holds clasps and settings, and is the standard Indian jewellers work in. 24K is 99.9% pure but soft; it bends and scratches as jewellery, which is why it stays in coin and bar form. The common belief that higher carats are always the better buy holds for investment products, not for ornaments you intend to wear.
How much gold loan can I get against 8 grams of gold?
The eligible loan amount depends on the assessed value of the pledged gold, applicable LTV limits, purity verification and lender evaluation. Final loan amounts may vary accordingly.
Disclaimer : The information in this blog is for general purposes only and may change without notice. It does not constitute legal, tax, or financial advice. Readers should seek professional guidance and make decisions at their own discretion. IIFL Finance is not liable for any reliance on this content. Read more
