Snapshot: Gold prices for retail buyers on November 18, 2025, show regional clustering across major Indian cities including New Delhi, Mumbai, Bengaluru, Chennai, Hyderabad and Kolkata, along with Ahmedabad, Pune, Surat and other trade centres. This report lists per-10g rates for 24K and 22K gold (and per-gram equivalents), highlights city-level differences, practical buyer notes, factors shaping prices and short buying tips to help consumers compare offers before purchase.
City-wise Gold Prices (November 18, 2025)
| City | 24K (per 10g) | 24K (per g) | 22K (per 10g) | 22K (per g) |
|---|---|---|---|---|
| New Delhi | ₹131,561.80 | ₹13,156.2 | ₹120,598.32 | ₹12,059.8 |
| Mumbai | ₹124,977.40 | ₹12,497.7 | ₹114,562.62 | ₹11,456.3 |
| Bengaluru | ₹129,113.10 | ₹12,911.3 | ₹118,353.68 | ₹11,835.4 |
| Chennai | ₹129,113.10 | ₹12,911.3 | ₹118,353.68 | ₹11,835.4 |
| Hyderabad | ₹129,113.10 | ₹12,911.3 | ₹118,353.68 | ₹11,835.4 |
| Kolkata | ₹129,113.10 | ₹12,911.3 | ₹118,353.68 | ₹11,835.4 |
| Ahmedabad | ₹129,108.00 | ₹12,910.8 | ₹118,349.00 | ₹11,834.9 |
| Pune | ₹124,977.40 | ₹12,497.7 | ₹114,562.62 | ₹11,456.3 |
| Surat | ₹129,108.00 | ₹12,910.8 | ₹118,349.00 | ₹11,834.9 |
| Jaipur | ₹130,668.70 | ₹13,066.9 | ₹119,779.64 | ₹11,978.0 |
| Nagpur | ₹124,977.40 | ₹12,497.7 | ₹114,562.62 | ₹11,456.3 |
| Nashik | ₹124,977.40 | ₹12,497.7 | ₹114,562.62 | ₹11,456.3 |
| Vadodara | ₹129,108.00 | ₹12,910.8 | ₹118,349.00 | ₹11,834.9 |
| Coimbatore | ₹129,113.10 | ₹12,911.3 | ₹118,353.68 | ₹11,835.4 |
| Visakhapatnam | ₹129,113.10 | ₹12,911.3 | ₹118,353.68 | ₹11,835.4 |
| Vijayawada | ₹129,113.10 | ₹12,911.3 | ₹118,353.68 | ₹11,835.4 |
| Mysore | ₹129,113.10 | ₹12,911.3 | ₹118,353.68 | ₹11,835.4 |
Quick Highlights
- Highest 24K (per 10g): New Delhi at ₹131,561.80; Lowest 24K (per 10g): Mumbai, Pune, Nagpur and Nashik at ₹124,977.40.
- Highest 22K (per 10g): New Delhi at ₹120,598.32; Lowest 22K (per 10g): Mumbai/Pune/Nagpur/Nashik at ₹114,562.62.
- Many southern and eastern centres (Bengaluru, Chennai, Hyderabad, Kolkata, Coimbatore, Visakhapatnam, Vijayawada, Mysore) show nearly identical rates (₹129,113.10 for 24K / ₹118,353.68 for 22K), indicating narrow regional premium differentials.
- The 24K spread between the top and bottom listed cities is about ₹6,584.40 per 10g (Delhi vs Mumbai), reflecting local premiums, logistics and jeweller pricing policies.
City Notes
- New Delhi: Often carries higher retail premiums; check hallmark and invoice for GST and making-charge breakup.
- Mumbai: A major trading hub — prices here tend to be among the lowest on this list; still compare making charges.
- Bengaluru: Consistent with southern centres; check jeweller reputation for clean buy-back policies.
- Chennai: Festival demand can push premiums; confirm available discounts on plain jewellery versus studded pieces.
- Hyderabad: Shop-to-shop premium variation common — always ask for hallmark and weight details.
- Kolkata: Rates align with other eastern/southern centres; inspect invoice for wastage and making charges.
- Ahmedabad: Competitive market for plain gold; enquire about certification for high-value purchases.
- Pune: Similar to Mumbai pricing; local jewellers may offer loyalty or exchange benefits.
- Surat: Large manufacturing base — negotiate making charges, especially on custom pieces.
- Jaipur: Jewellery hub with diversity of designs; verify gemstone certifications on studded items.
- Nagpur / Nashik: Mirror Mumbai/Pune rates; prefer hallmark-verified purchases.
- Vadodara: Prices align with Ahmedabad/Surat; check for regional festival premiums.
- Coimbatore / Visakhapatnam / Vijayawada / Mysore: Clustered pricing — compare buy-back and exchange policies across local jewellers.
What Drives Today’s Prices
- Global spot gold: International bullion rates set a base for local retail pricing.
- INR/USD movement: A weaker rupee raises import costs and upward pressure on domestic rates; a stronger rupee eases it.
- Import duty & policy: Customs duty and regulatory changes affect landed cost and retail premiums.
- MCX and domestic futures: Local exchange trends influence short-term pricing and jewellers’ hedge costs.
- Local demand & festivals: Seasonal buying (weddings, festivals) and regional demand/stock levels drive local premium differences.
Buyer Tips
- Prefer BIS hallmark: Always buy BIS-hallmarked jewellery; verify karatage stamp (22K, 24K) and hallmarking centre code.
- 24K vs 22K: 24K (999 fineness) gives maximum purity and price but is softer; 22K is more durable for daily wear and is common for Indian jewellery.
- Making charges & wastage: These are retailer-specific and often non-negotiable; ask for a detailed invoice showing gold rate, making charges, GST and other fees.
- Negotiate buy-back & exchange terms: Confirm buy-back rate policy, whether it is linked to current daily rates and if any deductions apply.
- Check weight and stones: For studded or antique pieces, verify net gold weight vs gross weight and get certifications for precious stones.
FAQs
- Q: Are these the live retail prices?
A: These are published retail rates for November 18 and serve as the reference; actual shop prices can vary with making charges, local premiums and timing. - Q: How do I verify gold purity?
A: Look for BIS hallmark and karat stamp (22K/24K), and insist on a proper sales invoice with fineness and weight details. - Q: What are making charges and why do they matter?
A: Making charges cover craftsmanship and design; they can significantly affect the final payable amount and are set by the jeweller, often negotiable for plain designs. - Q: When is the best time to buy gold retail?
A: Buy when international prices and INR are favorable, avoid peak festival surges if you want lower premiums, and compare multiple jewellers for making-charge and buy-back terms.
Rates vary by jeweller, locality, and time. Confirm locally before purchase.
I am G S Sachin, a gemologist with a Diploma in Polished Diamond Grading from KGK Academy, Jaipur. I love writing about jewelry, gems, and diamonds, and I share simple, honest reviews and easy buying tips on JewellersReviews.com to help you choose pieces you’ll love with confidence.