The latest verified IBJA 18-carat benchmark available on November 6 morning is ₹1,08,097 per 10 grams, or ₹10,809.70 per gram, from the November 5 PM session. At this check, the association’s current-rate area said rates would be uploaded soon. This is a dated previous-session benchmark, not a newly published November 6 price.

Indian shoppers comparing a gold-rate headline with a jewellery estimate need more than a large “today” number. The benchmark’s date, purity, unit and excluded charges determine what it can explain. IBJA’s original opening-and-closing table provides both sessions, making it possible to separate a confirmed rate from an update that has not appeared yet.

IBJA November5 2026 Gold750 PM benchmark of108097 rupees per10g divided by10 equals10809.70 rupees per gram; GST and making charges excluded
Editorial calculation from IBJA’s November5 AM/PM original. November6’s rate was not posted when checked; this is a metal benchmark, not a complete jewellery bill. View full-size graphic ↗

Use Gold 750 and read the session label

For November 5, the original table lists Gold 750 at ₹1,07,963 in the AM column and ₹1,08,097 in the PM column, both per 10 grams. Dividing the PM figure by 10 gives ₹10,809.70 per gram; eight grams would have a benchmark metal value of ₹86,477.60. These are unit conversions, not a shop offer or a prediction.

The Bureau of Indian Standards identifies 18K gold with fineness 750: 750 parts per thousand, or 75%, gold. A 750 rate is therefore the relevant purity row for an 18-carat article. A 916 quote refers to 22K, so comparing those figures without matching purity would change what is being priced.

Why the benchmark is not the final jewellery bill

IBJA states that its gold rates exclude 3% GST and making charges. The PM benchmark can anchor the metal component of an estimate, but it does not price a complete finished article. A seller’s quotation needs its own date, applied rate and charge breakdown before the total can be meaningfully compared.

BIS also distinguishes hallmarking charges from making and wastage charges and says buyers should obtain an authentic invoice carrying the article’s details. Keep the invoice rather than relying on a screenshot of an online rate. A price comparison and a purity check answer different questions: one concerns the amount charged, the other the metal supplied.

What to ask at the counter

Ask the jeweller to identify the article’s gold weight, 18K/750 purity, rate per gram and separate charges on the estimate, then compare like units with the dated benchmark. For hallmarked gold carrying HUID, use “Verify HUID” in the official BIS Care app before purchase. BIS describes this as a way to check authenticity and purity information.

The useful number for this morning is therefore the November 5 PM reference, with its exclusions attached. A later November 6 IBJA publication should replace that reference on this same page once checked; a shop’s written quote still determines its own offered price. Neither the benchmark nor a one-day change establishes whether gold will be cheaper after a festival or next week.

Sources & context

Prepared by the editorial team from the original records listed below; dates, units and the limits of reported explanations are retained.

AI assisted with drafting and editing. This article is part of our preview edition. Editorial standards & corrections →