Gold & silver rates: sources and methodology

What each rate is, and where it comes from

India is the Mumbai bullion market because there is no single national board. Kerala is shown separately because it can differ: today's silver, for example, is usually a few rupees per gram higher in Kerala than in Mumbai. We do not substitute one for the other when a source is down; the missing region is simply not shown.

UAE silver is shown as spot because we found no verifiable retail source for it. Dubai shops add a premium and making charges, so a shop's silver price will be higher than the figure on our page, and the page says so.

How the rates are checked

• The Dubai retail rate is accepted only if it is plausible against international spot: the 24K rate must sit between about 1% below and 10% above spot, and the 22K and 18K rates must keep their expected proportions to 24K. A typical retail premium is a few percent. If a value fails these checks, the page shows the spot price instead and labels it "spot", never "retail".
• Every region carries its basis, source and the source's own date in the data, so the label travels with the number.
• No hard-coded fallback prices or exchange rates are used. If the exchange rate is unavailable, the rates service refuses to answer rather than guess.
• Rates refresh in the background about every ten minutes. If a source fails, the last good value is served for up to 24 hours, and the update time shows its age.
• Rates written into the page HTML for search engines are rendered only from live data under 36 hours old.

What the rates do not include

The figures exclude making charges, GST, VAT, TCS and other levies, dealer margins, and buy-back spreads. What you pay or receive at a shop is different. Use the rates to follow the market and to ask better questions of a seller, and always confirm the board rate and a written breakdown with the seller. ToolShoppy is not a broker, bullion dealer or financial adviser, and nothing here is investment advice.

Using the rates in your own site or app

The same data that powers these pages is available as JSON at https://toolshoppy.com/api/rates. It is free, needs no key, and allows requests from other websites (CORS). Please:

• Credit the source. Show "Rates via ToolShoppy" with a link to toolshoppy.com/tools/rates. The JSON includes a ready-made provider.attribution line.
• Show the basis. Pass on each region's basis ("retail" or "spot") and its basis_note, so your visitors are not told a spot price is a shop price.
• Cache for at least five minutes instead of calling on every page view.
• Do not use it to price or settle transactions. It is an indicative reference without an uptime or accuracy guarantee. Use your own contracted price source for anything binding.

{
  "updated_at": "2026-10-23T18:05:05Z",
  "provider": { "name": "ToolShoppy", "attribution": "Rates via ToolShoppy (toolshoppy.com)", ... },
  "gold": {
    "uae": {
      "currency": "AED",
      "per_gram": { "24k": 489.5, "22k": 453.25, "18k": 370.8 },
      "basis": "retail",
      "retail_source": "Goodreturns (Dubai)",
      "spot_per_gram": { "24k": 472.18, "22k": 432.85, "18k": 354.14 },
      "premium_vs_spot_pct": 3.67
    },
    "india": { "currency": "INR", "per_gram": { "24k": 14248, "22k": 13060, "18k": 10686 }, "basis": "retail", "retail_source": "Goodreturns (Mumbai)" }
  },
  "silver": {
    "india": { "currency": "INR", "per_gram": 220, "basis": "retail" },
    "uae": { "currency": "AED", "per_gram": 6.39, "basis": "spot" }
  }
}

Example values from 23 October 2026; the live response also includes Kerala, a 7-day history and a currency table.

Independence and third-party sources

ToolShoppy does not set, own or guarantee these rates. Goodreturns, DahabPulse, gold-api.com and Frankfurter are independent services and their names belong to their owners; ToolShoppy is not affiliated with them or with the Dubai Gold & Jewellery Group. If a source changes its format or stops publishing, the affected region will disappear or fall back to a labelled spot price rather than show a wrong number. To report a wrong rate, contact us with the page, the time and the figure you expected.

Change log

• 23 Oct 2026: Dubai gold switched from converted spot to the retail rate, with spot shown beside it. India now uses the Mumbai benchmark instead of silently reusing Kerala. Every region now states its basis.