GST on gold: Amid the buzz around price cuts and discounts in the automobile sector following the new GST rate changes, many people are looking at gold this Navratri, while others are planning for Dhanteras and Diwali. India’s love for gold is unmatched! If you’re planning to buy gold, whether as an investment or as ornaments to surprise your loved ones, here’s everything you need to know about the current rate and more.
What’s the current rate on gold?
The GST Council, led by Finance Minister Nirmala Sitharaman, decided to keep the tax rate on gold unchanged while announcing new reforms earlier this month. The reason for not revising the tax rate is that the physical gold market is highly sensitive. The GST rate on gold remains at 3 percent to maintain taxation continuity.
Does 3% GST on gold apply to making charges too?
In the physical gold market, GST is applied using a two-slab system. Here’s how it works – if you buy a 22-carat gold chain weighing 20 grams, you’ll pay 3% GST on the gold itself. On top of that, jewellers charge 5% as making fees, which also attracts GST. This two-slab taxation model is still in place under GST 2.0.
Does GST apply to digital gold?
Digital gold is in trend, especially among younger buyers in India, because it’s convenient and safe compared with physical gold. Many might assume that buying digital gold is tax-free, but that’s not the case. Just like traditional gold, digital gold purchases are subject to 3% GST as per government rules.
What’s the latest rate of Gold today?
On the first day of Navratri, gold prices have hit a new high. As per the latest market data, the gold rates for September 22, 2025 are as follows:
Rs 1,12,580 per 10 grams: 24k
Rs 1,03,200 per 10 grams: 22k
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