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Gold Price Calculation
GOLD PRICE CALCULATION
 
Spot Gold : USD/Oz
Spot Exchange Rate : INR/1USD
   
Total Value :
Domestic Price : per gram
   

The domestic price of gold i.e the current landed cost of gold can be used to determine the price of gold in India which can be calculated by inputting spot gold price in US dollar/Oz and spot US dollar to India Rupee Exchange Rate *Gold shall be valued based on the formula mentioned in SEBI circular no. SEBI/IMD/CIR No. 2/65348/06 dated April 21, 2006. The Domestic price of gold = (London Bullion Market Association AM fixing in US$/ounce X conversion factor for converting ounce into kg for 0.995 fineness X rate for US$ into INR) + custom duty for import of gold + sales tax/octroi and other levies applicable from time to time.
The customs duty is charged as per the revised rates w.e.f March 2010.