118 Gram Gold Price Today: Live IBJA Rate & Exact Cash Value

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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

TODAY'S GOLD RATE

24K

₹14,500/-

₹13,292/-

Per gram

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

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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