118 Gram Gold Price Today: Live IBJA Rate & Exact Cash Value
118g of 22K gold is worth ₹16,48,342 today. At 24K, 118g is worth ₹17,99,500. 118g of 24K today ₹17,99,500 118g of 22K today ₹16,48,342 118g of 18K today ₹13,49,625 118g of 14K…
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118 Gram Gold Price Today: Live IBJA Rate & Exact Cash Value
118g of 22K gold is worth ₹16,48,342 today. At 24K, 118g is worth ₹17,99,500.
At a Glance
118g of 24K today | ₹17,99,500 |
|---|---|
118g of 22K today | ₹16,48,342 |
118g of 18K today | ₹13,49,625 |
118g of 14K today | ₹10,52,708 |
IBJA 22K rate today | ₹13,965/g |
Last Updated | May 2026 |
TODAY'S GOLD RATE
24K
₹14,500/-
₹13,292/-
Per gram
Rate by Purity – 118 Grams
Purity | Hallmark | 118g Value Today | Per Gram Rate |
|---|---|---|---|
24K | 999 | ₹17,99,500 | ₹15,250 |
22K | 916 | ₹16,48,342 | ₹13,965 |
18K | 750 | ₹13,49,625 | ₹11,438 |
14K | 585 | ₹10,52,708 | ₹8,921 |
What Jewellery Weighs Around 118 Grams
· Approximately 14.75 pavans
· A large bridal set (~116–120g)
· 14 sovereigns (112g) + thick chain (6g)
· Multiple heavy pieces combined
Resale Formula
Formula: 118 × Purity Fraction × Today’s 24K Rate. For 22K: 118 × 0.916 × ₹15,250 = ₹16,48,342.
Tax Treatment
Gold held over 24 months attracts 12.5% LTCG. Aadhaar mandatory; PAN if sale exceeds ₹2,00,000.
What to Watch For
· Buyer quoting old rate – check live IBJA first
· Rate on wrong karat without disclosure
· No written receipt
Why Choose Attica Gold Company
Attica Gold Company is ISO 9001:2015 certified with 200+ branches. Your wait is over.
Frequently Asked Questions
What is 118 gram gold price today?
118g of 22K=₹16,48,342. At 24K: ₹17,99,500. At 18K: ₹13,49,625.
Do I need PAN to sell 118g?
Yes – ₹16,48,342 exceeds ₹2,00,000.
How many pavans is 118g?
118÷8=14.750 pavans.
What jewellery weighs ~118g?
Approximately 14.75 pavans
How is payment made?
Bank transfer for ₹16,48,342.
Does condition affect value?
No.
How long to sell?
30–50 minutes.
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