Dhanteras marks a significant occasion in India, where families traditionally embrace the practice of buying gold. As of November 6, 2026, 24k gold costs Rs 14,102 per gram. With a budget of Rs 50,000, you get 3.55 grams, while Rs 5 lakh buys 35.46 grams. Prices vary across different cities.
Dhanteras marks a significant occasion in India, where families traditionally embrace the practice of buying gold. Gold prices fluctuate based on purity, with 24k gold priced at Rs 14,102 per gram and 22k gold at Rs 13,764 per gram as of November 6, 2026. This allows families to select gold purchases that align with their budgets, while prices may differ across cities due to varying demand and making charges.
Dhanteras is one of the biggest occasions for buying gold in India. For many families, it is an auspicious occasion to purchase gold jewellery, coins and bars. However, even as you race towards the shimmering jewels of a jewellery store, it is important to know the amount of gold you can purchase with your cash, online transaction or the Unified Payment Interface (UPI) payment.
The gold price varies based on its purity. The 24 karat gold is the costliest. However, it is 22k gold that is used to manufacture jewellery as 24k gold is mainly used for making coins, biscuits, bars, etc.
At the same time, jewellery prices of the same purity and weight of gold can vary from city to city since the final price depends on supply and demand, making charges, taxes and other applicable charges in a particular state.
However, for our calculations, we will take the India Bullion Jewellers Association's (IBJA) latest 24k and 22k gold prices. Our calculations exclude tax or any other applicable charge on gold.
IBJA's 24k and 22k gold price todayThe IBJA's latest indicative rate for 24k gold today (Friday, November 6, 2026, is Rs 14,102 per gram (am rates). As far as 22k gold price is concerned, the rate is Rs 13,764 per gram.
The IBJA's rates are indicative bullion rates and are not necessarily the final retail prices charged by jewellery stores. The actual purchase price will depend on the jeweller and applicable taxes and charges.
How much 24k gold can you buy for Rs 50,000, Rs 1 lakh, Rs 2 lakh and Rs 5 lakh?
For a budget of Rs 50,000, you will get approximately 3.55 grams of 24-karat gold as per today's IBJA rate. If you plan to spend Rs 1 lakh, you can buy around 7.09 grams. The quantity increases to 14.18 grams for a Rs 2 lakh budget and to 35.46 grams for Rs 5 lakh.
BudgetGold quantity Rs 50,0003.55 gramsRs 1 lakh7.09 gramsRs 2 lakh14.18 gramsRs 5 lakh35.46 grams
How much 22k gold can you buy for Rs 50,000, Rs 1 lakh, Rs 2 lakh and Rs 5 lakh?Based on the IBJA's November 6, 2026 (AM) rate of Rs 13,764 per gram for 22-karat gold, here is how much gold you can purchase in different budgets.
Budget22k gold quantity)Rs 50,0003.63 gramsRs 1 lakh7.26 gramsRs 2 lakh14.53 gramsRs 5 lakh36.33 grams