The currency used in Gulmarg, India is the Indian Rupee (INR), which is the official currency of India. It is issued and controlled by the Reserve Bank of India. The Indian Rupee is available in denominations of 1, 2, 5, 10, 20, 50, 100, 200, 500 and 2000. Coins are also available in denominations of 1, 2, 5 and 10 rupees. Always remember to carry enough cash with you, as not every place accepts credit or debit cards.