How much gold can be purchased with a budget of ₹50,000 to ₹5 lakh

Dhanteras is considered one of the biggest occasions for buying gold in India. For many families, purchasing gold jewellery, coins, and biscuits on this day is considered very auspicious. When people visit jewellery stores for shopping, it is important to know how much gold they can purchase based on payments made via cash, online transactions, or Unified Payments Interface (UPI).

The price of gold varies based on its purity. 24 carat gold is the most expensive, primarily used for making coins, biscuits, and bars. On the other hand, 22 carat gold is used for crafting jewellery. Prices for jewellery of the same purity and weight may differ across cities, as the final price depends on supply and demand, making charges, taxes, and other charges applicable in the respective state.

According to a report by The Economic Times, the latest 24 carat and 22 carat rates of the India Bullion Jewellers Association (IBJA) have been used for these calculations. It is noteworthy that taxes or any other applicable charges have not been included in these calculations. IBJA rates are indicative bullion rates and may not be the final retail prices charged by jewellery stores. The actual purchase price will depend on the jeweller and the applicable taxes and charges.

According to the AM rates declared by IBJA on November 6, 2026 (Friday), the price of 24 carat gold is ₹14,102 per gram and the price of 22 carat gold is ₹13,764 per gram. Based on these rates, if your budget is ₹50,000, you can purchase approximately 3.55 grams of 24 carat gold. If you plan to spend ₹1 lakh, you will be able to buy around 7.09 grams of gold. For a budget of ₹2 lakh, this quantity increases to 14.18 grams, and with a budget of ₹5 lakh, 35.46 grams of 24 carat gold can be obtained.

Similarly, calculating for 22 carat gold at the rate of ₹13,764 per gram, 3.63 grams of gold can be purchased with a budget of ₹50,000. With a budget of ₹1 lakh, 7.26 grams, with ₹2 lakh, 14.53 grams, and with a budget of ₹5 lakh, the purchase of 36.33 grams of 22 carat gold is possible.

According to the AM rates of November 6, 2026, the prices of other purities of gold and silver are as follows: Fine Gold (999) ₹14,102 per gram, 22 carat gold ₹13,764 per gram, 20 carat gold ₹12,551 per gram, 18 carat gold ₹11,423 per gram, and 14 carat gold ₹9,096 per gram. Additionally, the price of silver (999) was recorded at ₹1,81,863 per kilogram.