Data Methodology & Sourcing
Gold and silver prices are a Your-Money-Your-Life topic, so transparency about where our numbers come from matters. This page explains exactly how GoldTracker derives every rate, how often it updates, and what each figure does and does not include.
Where the data comes from
Our base figure is the live international spot price for gold (XAU) and silver (XAG), quoted in US dollars per troy ounce and obtained from a commercial market-data provider. We convert it to Indian rupees using a live USD–INR exchange rate, then to a per-gram value (1 troy ounce = 31.1035 grams).
- Spot metal price (XAU/XAG) — live commercial commodity feed.
- USD–INR — live foreign-exchange rate.
- Benchmark cross-check — we calibrate our indicative retail premium against published India Bullion and Jewellers Association (IBJA) and local bullion-association levels. We do not republish IBJA's official rates; always treat IBJA as the authoritative benchmark for settlement.
- Historical series — our own stored daily snapshots, calibrated to the live spot price.
From spot to indicative retail rate
The international spot value is the metal value only. Indian retail prices are higher because of import duty, refining, local bullion-association premiums and transport. We apply a typical retail premium to estimate the rate you would see at a jeweller, plus a small additional city/state premium where local markets trade above the national figure. 22K (91.6%) and 18K (75%) rates are derived from the 24K rate by purity factor.
How often it updates
Rates are rendered into the page on our server and cached for a short interval (about 5 minutes), then refreshed in your browser every few minutes for a live feel. A timestamp is shown next to every price so you always know how recent the figure is. Because spot markets and the rupee move continuously, treat the value as a close indicative estimate rather than a tick-by-tick exchange quote.
What the price excludes — making charges, GST & city variance
Displayed rates are for the metal only. They exclude jeweller making charges (typically 6%–25% depending on design and the jeweller) and the 3% GST levied on gold and silver in India. Final retail prices also vary by city because of local taxes, transport and association premiums, so the figure for your city may differ from the all-India number. Use our calculators to estimate an all-in purchase cost including making charges and GST.
Limitations & accuracy
We do not publish live MCX futures, which require a licensed exchange feed. If a live source is temporarily unavailable, we serve the most recent cached value and label it accordingly. Always confirm the final rate with your jeweller or bank before transacting. See our full disclaimer.