Pavan Gold Rate Today - Gold Price Per Pavan in India
Table of Contents
The pavan gold rate represents the value of gold calculated using a traditional South Indian unit, where one pavan equals 8 grams of gold. Pricing for a pavan is derived from the prevailing per-gram gold rate and generally follows 22K purity, which is standard for jewellery in regional markets.
Indicative pricing suggests that the pavan gold rate may be estimated by multiplying the per-gram rate by 8. Actual values vary daily based on global gold prices, exchange rate movements and applicable charges.
Today's Pavan Gold Rate - 22K, 24K and 18K
The table below provides an illustrative conversion of per-gram gold rates into pavan (8-gram) pricing across different purity levels.
Table 1: Gold Price by Purity
|
Purity |
Price per Gram (₹) |
Price per Pavan (8 Grams) (₹) |
|
18K |
10,800 |
86,400 |
|
22K |
13,190 |
1,05,520 |
|
24K |
14,400 |
1,15,200 |
Table 2: Today's 22K Gold Price (Per Pavan / 8 Grams)
|
Price Movement |
Amount (₹) |
|
Today's Price |
1,05,520 |
|
Yesterday's Price |
1,05,040 |
|
Change |
+480 |
Note: Prices are indicative and may vary based on market benchmarks, location and applicable charges. Half-pavan and quarter-pavan quotes scale in exact proportion to these figures.
What Is a Pavan of Gold?
One pavan is 8 grams of gold. The unit rules jewellery pricing across the Kerala and Tamil Nadu state markets, where shops quote necklaces and bangles in pavan the way the rest of the country quotes in grams. Pricing convention pairs the unit with 22-carat purity (91.6%), since that is what ornaments are made of.
The formula could not be simpler: pavan price = per-gram rate x 8. Try it with a round number. At ₹13,000 per gram for 22K, one pavan costs 13,000 x 8, which is ₹1,04,000. Half a pavan, a common chain weight, would be ₹52,000. No conversion tables needed, just one multiplication.
What Drives the Gold Rate Per Pavan?
- International spot price. Gold is priced globally, and when world demand climbs, the per-gram rate rises and drags the pavan rate up with it. The 8x multiplier means small per-gram moves feel large per pavan.
- INR-USD exchange rate. A weaker rupee raises the import cost of gold, pushing pavan prices higher even when global prices stand still.
- Import duty and GST. Central levies add a fixed layer to the base price, and a duty revision shows up in shop quotes within days.
- Local demand in Kerala and Tamil Nadu state markets. The wedding and festive calendar, roughly October-November and April-May, concentrates buying and firms up local premiums during those windows.
Pavan Gold Rate and Your Gold Loan
The day's gold price per pavan is also the number that decides borrowing power, because lenders appraise pledged jewellery at the current market rate on weight and purity.
Take a borrower with 2 pavans of 22K ornaments, which is 16 grams. At around ₹13,190 per gram, the assessed market value comes to roughly ₹2.11 lakh. Under the RBI's directions effective 1 April 2026, a loan of this size falls in the first slab, where loan-to-value can reach 85%, so the eligible amount could be up to about ₹1.79 lakh, subject to lender evaluation. Larger pledges step down: 80% once the loan crosses ₹2.5 lakh (until ₹5 lakh), then 75%.
Valuation is not left to the counter's mood. RBI requires the price reference to come from IBJA or a SEBI-recognised exchange, applying either the 30-day mean or the prior close, whichever reads lower, against a 22-carat base, with the purity test done in the borrower's presence and an itemised certificate issued. IIFL Finance follows this process branch by branch, needs no income proof for loans up to ₹2.5 lakh, and its Gold Loan Calculator converts pavan weight into an estimate before you leave home.
Conclusion
The pavan gold rate is derived by multiplying the per-gram gold price by 8 grams, the standard weight of one pavan. Since gold prices fluctuate daily, the pavan rate also changes based on market conditions.
When used for valuation or lending purposes, pavan-based jewellery is assessed in grams and valued using standardised benchmark pricing methods. The final price or loan amount remains subject to purity assessment, applicable limits and lender evaluation.
Frequently Asked Questions
How many grams is 1 pavan of gold?
Eight grams, fixed. The pavan is the standard jewellery unit in the Kerala and Tamil Nadu state markets, and its price is just the per-gram rate times 8. A related term worth knowing: the sovereign, used interchangeably with pavan in many shops, refers to the same 8-gram weight, so a "two sovereign chain" and a "two pavan chain" describe identical gold content.
Why does the pavan gold rate change every day?
Because its ingredients change daily. The pavan rate tracks the international spot price, which moves with global demand, currency shifts and economic news, plus the INR-USD rate and domestic levies. Local demand through the wedding calendar adds a seasonal layer on top. The practical takeaway: for a large, planned purchase, watch the rate across a couple of weeks rather than reacting to any single morning's move.
Is 22K or 24K gold used for pavan pricing?
22 carats, as the market convention. Pavan quotes in the Kerala and Tamil Nadu state markets assume 91.6% purity because ornaments are made in 22K. 24K (99.9% pure) has its own higher per-pavan price and belongs to coins and bars rather than jewellery. If a shop quotes you a pavan rate, confirm it is the 916 rates; comparing a 22K quote at one shop against a 24K figure elsewhere is the classic pricing mistake.
How do I calculate the price of 2 or 3 pavans of gold?
Multiply the per-gram rate by 8 for one pavan, then by the pavan count. At an illustrative 22K rate of ₹13,450 per gram, one pavan is ₹1,07,600, two pavans ₹2,15,200, three pavans ₹3,22,800. Remember the jeweller's bill adds making charges and 3% GST on top of the metal value, so the pavan arithmetic gives you the floor of the price, not the final invoice.
Can I use pavan gold jewellery to get a gold loan?
Yes. Lenders weigh the ornaments, test purity in front of you, and apply the day's benchmark rate to the net gold content. Two pavans of 22K at current rates supports a loan of up to roughly ₹1.79 lakh under the RBI's 85% slab, subject to assessment. IIFL Finance accepts pavan-weighed jewellery routinely, and stones or non-gold fittings are deducted from weight, so plainer pieces typically fetch a higher assessed value per pavan.
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
