Madhya Pradesh Gold Rate Today
Live 22K and 24K gold prices across Madhya Pradesh — per gram and per sovereign, updated daily from international spot prices.
Select any city for live rates, 10-day price history, and sovereign pricing.
| Date | 22K / gram | 22K / sovereign (8g) | 24K / gram | 18K / gram |
|---|---|---|---|---|
| 29 May | ₹15,031.64 +₹444.56 | ₹1,20,253 | ₹16,410.09 +₹485.33 | ₹12,307.57 |
| 28 May | ₹14,662.66 -₹319.00 | ₹1,17,301 | ₹16,007.27 -₹348.25 | ₹12,005.46 |
| 27 May | ₹14,985.74 -₹98.18 | ₹1,19,886 | ₹16,359.98 -₹107.18 | ₹12,269.99 |
| 26 May | ₹15,058.00 +₹5.83 | ₹1,20,464 | ₹16,438.87 +₹6.37 | ₹12,329.15 |
| 22 May | ₹15,106.33 -₹75.61 | ₹1,20,851 | ₹16,491.63 -₹82.55 | ₹12,368.72 |
| 21 May | ₹15,254.12 +₹213.13 | ₹1,22,033 | ₹16,652.97 +₹232.67 | ₹12,489.73 |
Madhya Pradesh has a diverse gold market centred on Indore, which is Central India's commercial hub. The state's trading communities — Marwaris, Baniyas, and Sindhis — have strong gold buying traditions. Indore's Sarafa Bazaar is unique — it operates as a food market during the day and transforms into one of India's famous gold jewellery markets at night.
Indore's Sarafa Bazaar transforms from a food street to a jewellery market after 8 PM — this unique arrangement has existed for decades and makes it one of India's most unusual and famous gold retail markets.
Sarafa Bazaar in Indore (famous night jewellery market), Maharaj Bada area in Gwalior, New Market jewellers in Bhopal.
Dhanteras, Diwali, Akshaya Tritiya, and wedding season (November–February). The Marwari and Jain communities have particularly strong Diwali gold buying traditions.
Buy only BIS hallmarked gold. Look for the BIS logo, purity mark (916 for 22K, 999 for 24K), year of marking, and jeweller's identification mark on every piece.
Always ask for gold rate, making charges, and GST separately in writing. Making charges range 8–25% and are negotiable. Get an invoice that shows all components.
If the goal is investment, Sovereign Gold Bonds give the same price appreciation plus 2.5% annual interest, and capital gains are tax-free at maturity. Physical jewellery has high making charges that erode returns.
Rates are calculated from XAU/INR spot + 15% import duty + 3% GST. Actual Madhya Pradesh jeweller prices vary by city and jeweller. Always confirm with your jeweller on the day of purchase.
ETFs, SGBs, digital gold, physical gold — compared clearly for Indian investors.