Gold prices in India and global hubs like Dubai often differ due to import duties, GST, currency exchange rates, and local demand. Investors and jewellery buyers closely follow these variations to compare prices and identify potential cost advantages.
On May 06, 2026, even after converting Dubai gold prices into Indian rupees, gold remained more expensive in India. While Dubai rates were relatively stable during the morning session, Indian prices continued to reflect additional domestic cost layers.
| Category | Price Per Gram | Price Per 10 Grams |
|---|---|---|
| 24K Gold (99.9%) | ₹15,131 | ₹1,51,310 |
| 22K Gold (91.6%) | ₹13,870 | ₹1,38,700 |
Note: Rates last updated at 10:05 AM on May 06, 2026. Prices may change during the day.
| City | 24K Gold Price Range | 22K Gold Price Range |
|---|---|---|
| Delhi / Mumbai / Kolkata | ₹1,49,180 – ₹1,51,440 | ₹1,36,750 – ₹1,38,850 |
| Chennai | ₹1,50,770 – ₹1,53,280 | ₹1,38,200 – ₹1,40,500 |
Note: Rates last updated at 10:05 AM on May 06, 2026. Prices may change during the day.
| Gold Type | Price Per Gram (Approx.) | Price Per 10 Grams (Approx.) |
|---|---|---|
| 24K Gold | ₹12,500 – ₹12,700 | ₹1,26,000 – ₹1,28,000 |
| 22K Gold | ₹11,500 – ₹11,700 | ₹1,15,000 – ₹1,17,000 |
Note: INR values are approximate and calculated using the prevailing exchange rate.
| Category | Dubai Price (Approx.) | India Price (Approx.) | Difference |
|---|---|---|---|
| 24K Gold (10g) | ₹1,49,590 | ₹1,51,950 – ₹1,52,000+ | ₹2,000 – ₹3,000 cheaper in Dubai |
| 22K Gold (10g) | ₹1,32,827 | ₹1,39,000 – ₹1,40,000 | ₹6,000 – ₹7,000 cheaper in Dubai |
As of May 06, 2026, gold prices in India remain higher than Dubai rates even after currency conversion. This ongoing price gap is mainly due to import duties, GST, and other local costs, which keep gold prices structurally higher in the Indian market.
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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 or 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 related documents carefully before investing.
Published on: May 6, 2026, 3:14 PM IST
Kusum Kumari
Kusum Kumari is a Content Writer with 4 years of experience in simplifying financial market concepts. Currently crafting insightful content at Angel One, She specialise in breaking down complex topics into easy-to-understand pieces, blending expertise in market fundamentals and technical analysis.
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