Following the 56th meeting of the GST Council held on Wednesday, the tax rates on gold and silver have remained unchanged at 3%. This has offered much-needed clarity for bullion dealers and jewellery traders ahead of the festive season.
This announcement came alongside a broader overhaul of the indirect tax regime, with the Council approving a shift from the earlier four-slab structure to a simplified two-tier system of 5% and 18%.
Here is a look at the gold and silver prices across key Indian cities.
City | 24 Karat (₹) | 22 Karat (₹) | 20 Karat (₹) | 18 Karat (₹) |
New Delhi | 1,05,810 | 96,993 | 88,175 | 79,358 |
Mumbai | 1,05,990 | 97,158 | 88,325 | 79,493 |
Bangalore | 1,06,070 | 97,231 | 88,392 | 79,553 |
Note: These prices are indicative. Actual prices may vary depending on the dealer's margins, making charges, GST, and other applicable taxes and fees.
City | 1 Kg Silver Price (₹) |
New Delhi | 1,23,190 |
Mumbai | 1,23,400 |
Bangalore | 1,23,500 |
Note: These prices are indicative. Actual prices may vary depending on the dealer's margins, making charges, GST, and other applicable levies.
Read more: Bank Holidays in September 2025: Full State-Wise List of Closures as per RBI.
Gold and silver prices in India remain on an upward trajectory, posting notable year-on-year gains driven by strong investor confidence and supportive global cues. The consistent rise in rates across major cities like Delhi, Mumbai, and Bangalore underscores the growing demand for precious metals as reliable safe-haven assets amid inflationary pressures and economic volatility.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
Investments in the securities market are subject to market risks. Read all the related documents carefully before investing.
Published on: Sep 4, 2025, 9:40 AM IST
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