Gold Rate Today in Lucknow

The 22 karat, or 916, gold rate in Lucknow today is the live per gram and per 10 gram price shown at the top of this page, refreshed every business day against MCX and IBJA benchmarks. 916 refers to 91.6 percent purity, the standard grade for traditional Awadhi jewellery. This is a bullion reference rate for the metal alone and excludes making charges, wastage and GST, so a finished piece bills higher than the figure shown.

The 24 karat gold rate in Lucknow today is the live per gram price shown at the top of this page, updated every business day from MCX and IBJA data. At 99.9 percent purity, 24 karat gold is used for coins and bars rather than jewellery, since pure gold is too soft to hold a setting or a clasp. Every other karat rate on this page is derived from it.

The published rate covers gold value only. A Lucknow bill adds making charges, commonly 10 to 18 percent and more on hand worked traditional pieces, wastage where charged separately, GST at 3 percent, and a hallmarking fee per piece. At standard making charges expect a final bill roughly 14 to 18 percent above bullion value.

No. The rates on this page are pre tax bullion reference rates. GST at 3 percent is applied at billing, in most retail invoices on the combined value of gold and making charges. Uttar Pradesh levies no additional state tax on gold beyond GST.

Making charges cover the labour of turning metal into a finished piece, and in Lucknow they are quoted as a percentage of gold value rather than per gram. They run from around 10 percent on machine made chains to 22 percent and above on hand worked Awadhi pieces. Because the gold rate is standardised across the city, making charges are effectively the entire negotiation, and they are negotiable.

Because it is assembled by hand from separately formed components. A jhumka is built and joined rather than cast in one piece, and a chandbali needs its crescent shaped and its fringe hung individually. That is slow skilled work and the making charge reflects real labour rather than a markup. The question worth asking in any Lucknow showroom is simply whether a piece is hand worked or cast, because that is what justifies the premium.

Look for three marks: the BIS logo, a purity grade of 916, 750 or 585, and a six character HUID. Enter the HUID in the BIS CARE app to confirm the registered jeweller and certified purity. On intricate Awadhi work the mark can be hard to find, since there are few flat surfaces, so expect it on a clasp or earring post and ask the jeweller to point it out. Check every piece in a multi item set, not a sample.

Delhi typically prints marginally lower. Lucknow is roughly 500 kilometres inland and sources metal through the Delhi trade, so it carries a small transport and handling premium. The difference is modest and is dwarfed by the making charge spread within Lucknow itself, so travelling to Delhi to save on the metal rate does not pay once you count the journey.

Sarafa Bazaar inside Chowk, in the old city, is the traditional jewellery quarter and where Awadhi work is still made. Aminabad adjoins it as the other established market. Hazratganj is the premium commercial belt with branded showrooms. Alambagh, Gomti Nagar, Indira Nagar and the Faizabad Road belt serve the suburbs. For traditional hand work go to Chowk. For certified diamond pieces the modern showrooms are better equipped.

Buy 22 karat for traditional Awadhi work and plain gold, because forms like the jhumka and chandbali need metal soft enough to be shaped and joined by hand. Buy 18 karat for diamond and gemstone jewellery, where the alloy must be hard enough to hold stones securely through daily wear. A jeweller recommending 750 on a stone set piece and 916 on a traditional one is giving correct technical advice in both cases.

If the purchase is tied to Karva Chauth, a wedding or Dhanteras, the date is fixed and rate timing is secondary. If it is discretionary, the deep summer months from May to early July are the clearest window here: severe heat empties the showrooms, karigars have capacity, and making charges are most negotiable. Commission hand work then rather than six weeks before Dhanteras.

Karva Chauth is observed widely across Uttar Pradesh and gifting jewellery for it is an established expectation here in a way it is not across much of India. It falls within weeks of Dhanteras and Diwali, so Lucknow gets three major buying occasions compressed into roughly a month. That concentration lifts the local premium and leaves making charges least flexible, which is why the festival matters to a buyer even though it does not move the national benchmark.

Get the pieces assayed at a BIS recognised centre first, then take quotes from more than one buyer. This matters especially here, because heavily jointed Awadhi work was frequently cadmium soldered and assays below the stated 916. Options include the original jeweller, established houses in Chowk and Sarafa Bazaar, and organised buyback chains in Hazratganj and the suburbs. Note that you are credited for the metal, not the making charge.

Any gain is taxed as capital gains, calculated as sale proceeds less your cost of acquisition and any expenses of sale. Whether it is short term or long term depends on the holding period applicable in the year of sale, and both the threshold and the rate have been revised in recent Finance Acts. On inherited jewellery the cost is generally taken as the cost to the previous owner, which is the usual sticking point here since much older Chowk jewellery has no surviving invoice. This is general information, not tax advice.

No. Lucira does not currently operate a store in Lucknow or anywhere in Uttar Pradesh. Our nearest experience centres are in Delhi NCR at Lajpat Nagar, Paschim Vihar and Wave One Courtyard in Noida Sector 18. Lucknow customers can order online with certified pieces and a 15 day money back window. For traditional Awadhi work such as a hand worked jhumka or chandbali, Chowk is where that craft lives and we would point you there.