India · INR · Thursday, August 26, 1993
Gold Price in India — August 26, 1993
On August 26, 1993, the international gold spot price was $371.30 per troy ounce. Local INR conversion for India requires a verified same-day exchange rate, which isn't currently available for this date — try a nearby trading day using the navigation below.
INR exchange-rate data is unavailable for this date. The international XAU/USD price is shown below; local-currency conversions for Indiacan't be computed accurately for August 26, 1993 without a verified INR/USD rate.
INR / Troy Ounce
—
31.1035 g
INR / Gram
—
1 g
INR / Tola
—
11.664 g
All unit prices on August 26, 1993 — India
| Unit | Weight | INR price |
|---|---|---|
| Troy ounce | 31.1035 g | — |
| Gram | 1.0000 g | — |
| 10 grams | 10 g | — |
| Kilogram | 1,000 g | — |
| Tola | 11.664 g | — |
Price action on August 26, 1993
1-day move
vs prior session
7-day move
rolling week
30-day move
rolling month
YTD
since 1 Jan 1993
Calendar position
Day 238 of 365
Trading day
202nd of 310
Position in 1993's range
57% (low $326.10 → high $405.60)
The India gold market
India is the world's second-largest retail gold consumer behind China. Retail prices are quoted per 10 grams in 22-karat purity (the jewellery standard). Imports attract a basic customs duty (currently around 12.5%) plus 3% GST, plus state-level taxes — so retail rates run notably above international spot. The Indian Bullion and Jewellers Association (IBJA) publishes a daily reference rate that most regional jewellers benchmark against.
Standard quote unit
10 grams
Common purity
22K
Currency
INR (₹)
August 26 in other years — India
August 26, 1993 gold price in other countries
How this August 26, 1993 India price is calculated
International benchmark. The XAU/USD spot price for August 26, 1993 comes from gold-api.com's historical archive — the London PM-fix benchmark, which is the reference used by central banks and bullion dealers globally. On this date, that price was $371.30/oz.
Currency conversion. The INR/USD exchange rate for the same date comes from exchangerate-api.com. We apply that day's exact rate (—) to the USD price — not a year-average or month-end approximation. This makes the ₹ figure on this page accurate to the trading session.
Per-unit math. Per-gram = per-ounce ÷ 31.1035. Per-tola = per-gram × 11.664. Per-10g = per-gram × 10. Per-kilo = per-gram × 1000. Karat values multiply per-gram by the purity ratio (24K = 0.999, 22K = 0.916, 21K = 0.875, 18K = 0.750, 14K = 0.585, 10K = 0.417). We never compound rounding errors by going through intermediate units.
What this page does NOT include. Local sales tax / VAT, customs duty on imports, dealer making charges, jewellery design premiums, or coin numismatic premiums. To go from this pure-metal value to a final retail rate in India, add the country-specific levies described in the “India gold market” section above. The retail rate at a jeweller in India on August 26, 1993 would have been a few percent above this number once those costs are included.
FAQ — India gold price on August 26, 1993
What was the gold price in India on August 26, 1993?
India historical archive for August 26, 1993 — exact prices may be unavailable if the date fell on a market holiday.
What was the 24K gold rate per tola in India on August 26, 1993?
Tola-based 24K gold rate computation requires both the day's XAU/USD spot and INR/USD FX, one of which is missing for this date.
What was the 22K gold rate in India on August 26, 1993?
Retail karat rate for this date is unavailable.
How accurate is this number versus what jewellers were quoting?
The ₹ figure on this page is the verified international XAU/USD spot price for August 26, 1993 multiplied by the day's exchange rate. It represents the pure metal value at international parity — what a London-fix benchmark would have implied. Local jewellers add (1) import duties + sales tax / VAT, (2) dealer making charges (typically 3–12% of metal value), and (3) any premium for purity certification. Final retail rates in India typically sit a few percent above this number.
Was August 26, 1993 a trading day?
Yes — August 26, 1993 was the 202nd trading session of 310 for 1993 on the international gold market. Thursdays are typically active trading days unless they fall on a major holiday.
Want today's rate in India? See live gold prices in India with minute-by-minute updates and full karat breakdowns. To compare this archive figure against the live rate, that's where to go.
Different unit on this same date? The USD-only daily archive for August 26, 1993 includes per-day prices in 100+ other currencies and is the canonical reference page for this date.
Browse the archive. Step through every day of August 1993 in India, see the full 1993 archive, or use our tola, gram and karat calculators for live calculations against today's rate.
Disclaimer: Historical gold prices on this page reflect the international XAU/USD spot price for the requested date, converted to INR at the same day's exchange rate. They are intended for informational and educational use only and do not constitute investment advice or a price quote for buying or selling physical gold today. Always verify current local rates with a reputable bullion dealer in India before transacting.