Gold SIP Calculator: Returns on Monthly Gold Investing

A gold SIP buys a fixed rupee amount of gold every month, so the grams you collect depend on the price each month. At the IBJA 24-carat (999) rate of ₹1,47,646 per 10 grams on 8 October 2026, about ₹14,765 per gram, ₹5,000 a month for a year buys roughly 4 grams of gold, not tens of grams. Use the calculator below to estimate grams, value, costs and tax for your own amount, period and price assumption.

The calculator is for informational purposes only. Its results are estimates based on the price, growth rate, cost and tax rate you enter; actual gold prices, charges and tax will differ.

How to fill in the calculator

• Currency: choose INR for Indian gold prices (the calculator also supports other currencies).
• Monthly SIP amount: the rupees you invest each month before any charges.
• Investment period: years you plan to keep buying.
• Current gold price per gram: enter today's rate. The IBJA rate for 999 gold is the common reference; divide the per-10-gram rate by 10. The default in the form is a placeholder, not today's price.
• Expected annual growth: your assumption for how fast the gold price rises. Try 0% to see grams at today's price, then a few growth rates to see a range.
• Making charges / expense (%): the share of each instalment lost to costs: about 0.5–1% a year for an ETF or gold fund, 3% GST plus the platform spread for digital gold, and making charges for jewellery.
• Tax on gold gains (%): for most holdings kept past the long-term period, 12.5% plus surcharge and 4% cess (about 13% for most investors). Use your slab rate for short-term holdings.

How the math works

Each month the calculator divides your instalment, after charges, by that month's gold price to get grams bought:

Grams this month = (SIP − charges) ÷ gold price that month

It adds up the grams over the whole period, multiplies the total by the projected final price, and subtracts tax on the gain.

Worked example: ₹5,000 a month for one year at a flat price

• Price: ₹14,765 per gram (IBJA 999, 8 October 2026)
• Grams per month: ₹5,000 ÷ ₹14,765 = 0.339 g
• Grams after 12 months: 0.339 × 12 = 4.06 g

If you buy digital gold, 3% GST comes out first: ₹5,000 ÷ 1.03 = ₹4,854 of gold, or 0.329 g a month. Over a year, that is about 3.9 g, before any platform spread.

How many grams does a longer SIP buy?

All figures use a starting price of ₹14,765 per gram. The "flat price" column shows grams if the price never changes; the "8% a year" column shows fewer grams, because the price rises while you buy, and a higher final value.

The 8% growth rate is an assumption for illustration, not a forecast. Gold has had multi-year periods of falling prices, and a higher growth assumption always produces fewer grams and a bigger final value.

An earlier version of this page put the gram totals for these examples at 500–750 grams. Those figures were wrong by a factor of six or more; at current prices, ₹12.6 lakh buys about 85 grams.

Ways to run a gold SIP in India

Gold ETFs

Gold exchange-traded funds are mutual fund units backed by physical gold, regulated by SEBI and traded on the stock exchanges. You need a demat and trading account. Many brokers let you set up a monthly purchase; because you buy whole units, the amount you invest each month rounds to the unit price. Costs are the fund's expense ratio, brokerage, and the bid-ask spread.

Gold mutual funds (fund of funds)

Gold funds invest in gold ETFs and accept regular mutual fund SIPs, with a minimum set by each scheme, and need no demat account. You pay the gold ETF's expenses plus the fund of fund's own expense ratio, so total cost is usually a little higher than buying the ETF directly. Check the scheme's exit load before investing.

Digital gold

Apps and jewellers sell "digital gold" in fractions of a gram, stored in a vault on your behalf. SEBI's November 8, 2025 caution on digital gold says these products are not securities or commodity derivatives, sit outside SEBI's regulation, and carry counterparty and operational risk. You pay 3% GST on purchase and a buy-sell spread that varies by platform. SEBI points investors to regulated alternatives: gold ETFs, exchange-traded commodity derivatives, and Electronic Gold Receipts.

Sovereign Gold Bonds: secondary market only

No new Sovereign Gold Bond tranche has been issued since the 2023-24 Series IV in February 2024. At the February 2025 post-budget briefing, finance ministry officials said the government was not continuing the scheme because it had become a high-cost way to borrow. You cannot start an SGB SIP. Existing series trade on the NSE and BSE, so you can buy them through a demat account, but:

• Trading is often thin, and prices can sit above or below the value of the gold they represent.
• The 2.5% annual interest on the original issue price is taxed at your slab rate.
• From 1 April 2026, the capital gains exemption on redemption applies only when an SGB is subscribed at original issue and held continuously until maturity, per the Budget 2026 memorandum amending section 70(1)(x) of the Income-tax Act, 2025. Bonds bought on the secondary market, and premature redemptions, are taxed like other listed securities.

For RBI's scheme details on existing bonds, see the RBI Sovereign Gold Bond FAQs.

Physical gold: coins and jewellery

Coins and bars avoid making charges, though banks and jewellers add a premium; jewellery adds making charges, GST, and a resale discount. Worked example for 10 grams of 22-carat jewellery using the IBJA 916 rate of ₹1,35,244 per 10 grams (8 October 2026) and an assumed 12% making charge:

• Gold value: ₹1,35,244
• Making charges at 12%: ₹16,229
• GST at 3% on gold value plus making charges (₹1,51,473): ₹4,544
• Price paid: ₹1,56,017
• Resale value is at most the gold value on the day you sell (₹1,35,244 at today's rate), so you start about 13% behind before any buyer's deduction.

Buy jewellery for its use, not as a gold investment.

Comparing costs

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How gold gains are taxed

Since 23 July 2024, gold gains no longer get indexation. The rules below come from the Budget 2024 memorandum, which set the 12.5% long-term rate and the 12- and 24-month holding periods; the Income-tax Act, 2025, effective 1 April 2026, carries the same rates forward.

Surcharge, if any, and 4% health and education cess apply on top.

Example: you sell digital gold after three years for ₹1,00,000 more than you paid. Long-term gain tax: ₹1,00,000 × 12.5% = ₹12,500, plus 4% cess of ₹500 = ₹13,000. Enter 13% in the calculator's tax field for this case.

Unlike equity mutual funds, there is no ₹1.25 lakh annual exemption on long-term gains from gold.

How much gold to hold

Gold produces no income (apart from SGB interest) and can stay flat or fall for years. Many investors treat it as a diversifier rather than a core growth asset and keep it to a modest share of the portfolio, often in the 5–15% range. Use the gram and value projections here alongside an equity SIP projection from the SIP calculator to see what the trade-off looks like for your goal.

If you plan to raise your gold SIP each year, the step-up SIP calculator models increasing instalments. To see what a future corpus is worth in today's money, run it through the SIP inflation calculator. For a one-time purchase alongside a SIP, use the SIP and lumpsum calculator. More tools are collected in the SIP investing hub.

Planning examples

Wedding jewellery fund

A parent wants roughly 150 grams of gold for a wedding in 15 years. At today's price, 150 grams of 24-carat gold costs 150 × ₹14,765 = ₹22.1 lakh.

• ₹7,000 a month buys about 85 grams over 15 years if the price stays flat, and about 50 grams if gold rises 8% a year.
• To reach 150 grams at a flat price, the SIP needs to be about ₹12,300 a month (₹22.1 lakh ÷ 180 months). If gold rises, it needs to be higher still.

Buying through a gold ETF or gold fund and converting to jewellery near the date avoids paying making charges years in advance. Remember that 22-carat jewellery contains 91.6% gold, so 150 grams of jewellery needs about 137 grams of pure gold, plus making charges and GST.

Diversifying an existing portfolio

A 30-year-old with a ₹20 lakh portfolio wants 10% in gold, or ₹2 lakh.

• Buy part of it at once through a gold ETF and add a monthly SIP of ₹5,000.
• Rebalance once a year: if a gold rally lifts the share to 14%, sell gold back to 10%; if gold falls to 7%, buy more.
• Over 10 years at 8% growth, ₹5,000 a month adds about 28 grams on top of the initial purchase.

Common mistakes

• Using an old gold price. A ₹6,500-per-gram assumption, which this page once used, is less than half the 8 October 2026 IBJA rate and more than doubles the grams you appear to buy. Always enter today's rate.
• Ignoring GST and spreads on digital gold. 3% GST plus a spread means you need the price to rise several percent just to break even.
• Counting on new Sovereign Gold Bonds. There are no new issues; secondary-market SGBs bought today do not get the maturity exemption.
• Entering 20% as the tax rate. That was the old rate with indexation. For holdings sold since 23 July 2024, the long-term rate is 12.5% without indexation.
• Buying jewellery as an investment. Making charges and GST put you roughly 10–15% behind on day one.