Question 1

Why do gold rates differ between cities?

Accepted Answer

Gold rates vary by city due to local taxes, transportation costs, and state government levies. Chennai and Mumbai typically have different rates due to varying state VAT and octroi charges.

Question 2

What is the difference between 22K and 24K gold?

Accepted Answer

24K gold is 99.9% pure gold. 22K gold (916 hallmark) contains 91.6% gold mixed with other metals like copper and silver for durability. Most jewellery in India is made from 22K gold.

Question 3

What is 916 hallmark gold?

Accepted Answer

916 hallmark means the gold is 91.6% pure, equivalent to 22 carats. BIS (Bureau of Indian Standards) hallmarking certifies this purity. All reputable jewellers in India sell BIS 916 hallmarked gold.

Question 4

How often are gold rates updated?

Accepted Answer

OorVaai updates gold rates daily at 7:30 AM IST based on IBJA (India Bullion and Jewellers Association) published rates. Rates shown reflect the prevailing market price for that day.

Question 5

Is the retail gold rate higher than the shown rate?

Accepted Answer

Yes. Jewellers add making charges (typically 8–25% of gold value) and GST on top of the base gold rate. The rates shown here are the base gold prices before making charges.

Question 6

Where can I buy gold at today's rate?

Accepted Answer

You can purchase gold jewellery at these rates (plus making charges) at any reputable jeweller. Browse OorVaai's brand profiles to find trusted jewellers near you with verified reviews.

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