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
Rate by Purity – 118 Grams
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
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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
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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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