Gold & silver rate in 2023
In 2023, 24K gold (999) in India rose 15.3%, opening at ₹54,884 and closing at ₹63,256 per 10 g. It ranged between ₹54,834 on 3 January 2023 and ₹63,343 on 28 December 2023, across 365 trading days. Silver 999 rose 9.4% to ₹74,258 per kg.
India-wide reference rates. A city price differs by the local premium a dealer applies there. Recorded at 03:00 IST each weekday, covering the overnight international session.
2023 in figures
Hover, drag or use the arrow keys to read any day.
Gold 999Silver 999
Indexed to 100 at the start of the range, so two very different prices can be compared on one scale.
- Gold 999
- +15.25%
- Silver 999
- +9.41%
- Gold : silver ratio
- 85.2
- Ran harder
- Gold 999
₹63,256
₹74,258
10 g of gold per 10 g of silver
1 January 2023 → 31 December 2023
Month by month in 2023
| Month | Open | Close | Low | High | Change |
|---|---|---|---|---|---|
| December 2023 | ₹62,660 | ₹63,256 | ₹61,978 | ₹63,343 | +0.95% |
| November 2023 | ₹61,425 | ₹62,745 | ₹60,956 | ₹62,878 | +2.15% |
| October 2023 | ₹59,771 | ₹61,788 | ₹58,578 | ₹61,917 | +3.37% |
| September 2023 | ₹60,690 | ₹59,769 | ₹59,769 | ₹60,801 | −1.52% |
| August 2023 | ₹60,710 | ₹60,718 | ₹60,146 | ₹60,892 | +0.01% |
| July 2023 | ₹60,046 | ₹60,839 | ₹60,045 | ₹60,839 | +1.32% |
| June 2023 | ₹61,790 | ₹60,032 | ₹60,029 | ₹61,790 | −2.85% |
| May 2023 | ₹61,452 | ₹61,842 | ₹61,312 | ₹62,363 | +0.63% |
| April 2023 | ₹58,680 | ₹61,453 | ₹58,654 | ₹61,453 | +4.73% |
| March 2023 | ₹56,569 | ₹58,723 | ₹56,244 | ₹59,028 | +3.81% |
| February 2023 | ₹57,608 | ₹56,456 | ₹56,456 | ₹58,224 | −2.00% |
| January 2023 | ₹54,884 | ₹57,688 | ₹54,834 | ₹57,916 | +5.11% |
Average weights and purities in 2023
A 22K figure is a metal value at 916 fineness, not a jewellery invoice — making charges, wastage and 3% GST come on top.
Gold
| 24K per gram | ₹6,010 |
|---|---|
| 24K per 8 grams | ₹48,082 |
| 24K per 10 grams | ₹60,103 |
| 24K per tola1 tola = 11.6638 g | ₹70,103 |
| 24K per 100 grams | ₹6,01,028 |
| 22K per gramDerived at 916 fineness | ₹5,505 |
| 22K per 10 gramsDerived at 916 fineness | ₹55,054 |
| 22K per tolaDerived at 916 fineness | ₹64,214 |
Silver
| 999 per gram | ₹72 |
|---|---|
| 999 per 10 grams | ₹719 |
| 999 per 100 grams | ₹7,195 |
| 999 per kilogram | ₹71,947 |
Questions, answered
Gold and silver in 2023 — common questions
What was the gold rate in 2023?
24K gold (999) opened 2023 at ₹54,884 per 10 g and closed at ₹63,256, averaging ₹60,103 across 365 trading days.
What was the highest gold rate in 2023?
₹63,343 per 10 g of 24K gold, on 28 December 2023. The lowest was ₹54,834 on 3 January 2023.
Did gold go up or down in 2023?
Gold rose 15.25% over 2023, a gain of ₹8,372 per 10 g.
What was the 22K gold rate in 2023?
22K is 916 fine, so the average of ₹60,103 per 10 g of 24K corresponds to about ₹55,054 per 10 g of 22K, or ₹5,505 per gram. This is a derived metal value, not a jewellery invoice.
What was the silver rate in 2023?
999 silver averaged ₹71,947 per kg in 2023, ranging from ₹63,365 on 9 March 2023 to ₹77,903 on 30 November 2023.
Why do some dates have no rate?
The Indian bullion market is closed on Saturdays and Sundays, so no reading is taken. Nothing is carried forward or interpolated — a gap is a closed market, not a missing number.
