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Malabar Gold & Diamonds is one of India’s largest jewellery chains, with stores across the country and internationally. If you want to check their current gold rate before shopping or planning a purchase, here are all the ways to do it — and what the rate actually means for what you’ll pay.
Why checking the gold rate first matters
The gold rate at any jeweller, including Malabar, is only one part of the final price. You will also pay making charges on top of the gold rate — and these vary widely by design. Knowing the gold rate lets you calculate how much of your total bill is pure metal versus craftsmanship.
For a clear explanation of how making charges work and what’s normal, see our guide on Gold Making Charges: What They Are and How They’re Calculated.
Method 1: Check on the Malabar Gold website
- Go to malabargoldanddiamonds.com.
- Look for the “Gold Rate Today” section — often displayed on the homepage or under the shopping section.
- Select your state or city — gold rates can vary slightly by region due to local taxes and logistics.
- The site shows the 22K and 18K gold rate per gram for that day.
Tip: Rates are updated each morning after the IBJA (India Bullion and Jewellers Association) announces the day’s gold price. Refresh the page after 10 AM for the current day’s rate.
Method 2: Use the Malabar Gold app
- Download the Malabar Gold & Diamonds app from the Google Play Store or Apple App Store.
- Enable location access — the app shows the gold rate relevant to your nearest store.
- The gold rate is displayed on the home screen of the app.
- You can also browse jewellery with live prices based on the current gold rate.
Method 3: Check in-store
All Malabar Gold stores display the current day’s gold rate on a digital board at the entrance or billing counter. This is the rate applied to all purchases made that day. If you visit near closing time, check if the rate displayed is still current.
Method 4: Call the store
Use the store locator on the Malabar website to find your nearest store’s phone number. Store staff will confirm the gold rate over the phone — useful if you’re planning a large purchase and want to time it on a good rate day.
How Malabar’s gold rate compares to the market rate
| Rate Type | What It Represents | Typical Difference |
|---|---|---|
| IBJA rate | Industry benchmark gold rate (24K) | Reference rate |
| Malabar 22K rate | 91.6% of the 24K rate + local adjustments | Very close to IBJA-derived 22K rate |
| Malabar 18K rate | 75% of the 24K rate + adjustments | Very close to IBJA-derived 18K rate |
Malabar Gold’s rates are generally aligned with the market. The final price you pay will also include making charges and GST, which add 15–35% to the gold value depending on the design.
Understanding what you actually pay
The gold rate is just the starting point. For a 10-gram 22K gold necklace at ₹6,500/gram gold rate:
- Gold value: 10 × ₹6,500 = ₹65,000
- Making charges (say 10%): ₹6,500
- GST (3% on gold + making combined): ₹2,145
- Total: ₹73,645
For guidance on hallmark certification and what the gold purity numbers mean, see our guide on What 916, 750 and 585 Mean on Gold Jewellery.
Tips for timing your Malabar purchase
- Track the rate for a few days before buying — gold prices fluctuate daily and a ₹100–₹200/gram dip on a 20-gram purchase saves ₹2,000–₹4,000.
- Buy during promotions — Malabar regularly offers waived or reduced making charges during Akshaya Tritiya, Navratri and Onam.
- Use their EMI options — for large purchases, Malabar partners with banks for 0% EMI offers on credit cards during festive sales.
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Frequently Asked Questions
Does Malabar Gold rate change every day?
Yes. The gold rate is updated daily based on the IBJA rate and market conditions. It can also change intra-day if markets move significantly.
Is Malabar Gold rate the same across all states?
Rates can vary slightly by state due to differences in local levies. The Malabar website and app show the rate specific to your location.
Can I lock in today’s gold rate at Malabar for a future purchase?
Malabar’s savings scheme (similar to Tanishq’s Golden Harvest) lets you accumulate credits over time, but the gold rate applied is typically the rate on the day of your final purchase, not the enrolment date.
Is Malabar’s making charge included in the displayed gold rate?
No. The displayed gold rate is the raw metal rate only. Making charges are added on top and vary by design. Always ask for the total price breakdown before committing.