Today’s Gold Rate in Kanpur — 22K & 18K

Gold prices in India — including Kanpur — are determined by the MCX (Multi Commodity Exchange of India) spot price, which in turn tracks the international London Bullion Market Association (LBMA) gold price, adjusted for the INR/USD exchange rate and import duties.

Every morning, jewellers across Kanpur receive updated rates from their trade associations based on MCX opening prices. At Kiran Jewels, we update our rates before the showroom opens at 11 AM.

The final price you pay for gold jewellery has three components:

• 1. Gold value: Weight of gold × purity-adjusted rate. For 22K (91.6% pure), this is: (weight in grams × 22K daily rate).
• 2. Making charges: The labour and craftsmanship cost, typically 8–15% of gold value. Intricate designs, lightweight construction, and filigree work carry higher making charges.
• 3. GST: 3% on the total of gold value + making charges, as mandated by the Government of India.

BIS Hallmark guarantees the gold purity — a 22K BIS Hallmark piece will always contain 91.6% gold, regardless of which jeweller you buy from. At Kiran Jewels, every single piece carries BIS Hallmark certification.

Making charges at Kiran Jewels vary by design complexity and crafting technique, typically ranging from 8% to 15% of gold value. Here is how to think about it:

• Plain chains and simple pieces: 8–10% making charges. Less craftsmanship required.
• Standard designs (earrings, rings, pendants): 10–12% making charges. Standard die-casting techniques.
• Lightweight jewellery: 12–15% making charges. Advanced hollow construction and filigree techniques require more skilled labour, even though the gold weight is lower.
• Custom and bridal pieces: Making charges quoted individually based on design complexity.

Lightweight jewellery may appear to cost more per gram compared to heavier pieces, but the total cost is significantly lower because you are paying for fewer grams of gold overall. A lightweight chain that looks identical to a 15-gram chain may weigh only 6–8 grams — saving you 40–50% of the gold cost.

We encourage you to ask our team to break down the price: gold weight, gold rate, making charges, and GST — all separately. Transparency is how we have built trust with Kanpur families for 26 years.