Snapshot: Retail gold rates for key Indian cities on October 6, 2025 show clustered pricing across southern and eastern markets, with New Delhi quoting the highest 24K rate and Mumbai among the lowest. This report covers New Delhi, Mumbai, Bengaluru, Chennai, Hyderabad and Kolkata, with an additional compact list of other major cities. Prices are shown per 10 grams (primary) and per gram (in parentheses). Data compiled for publication.
City-wise Gold Prices (October 6, 2025)
| City | 24K (per 10g) | 24K (per g) | 22K (per 10g) | 22K (per g) |
|---|---|---|---|---|
| New Delhi | ₹129,032.20 | ₹12,903.2 | ₹118,279.52 | ₹11,828.0 |
| Mumbai | ₹122,587.90 | ₹12,258.8 | ₹112,372.24 | ₹11,237.2 |
| Bengaluru | ₹126,583.60 | ₹12,658.4 | ₹116,034.97 | ₹11,603.5 |
| Chennai | ₹126,583.60 | ₹12,658.4 | ₹116,034.97 | ₹11,603.5 |
| Hyderabad | ₹126,583.60 | ₹12,658.4 | ₹116,034.97 | ₹11,603.5 |
| Kolkata | ₹126,583.60 | ₹12,658.4 | ₹116,034.97 | ₹11,603.5 |
Quick Highlights
- Highest 24K: New Delhi at ₹129,032.20 per 10g; Lowest 24K: Mumbai (also Pune/Nagpur/Nashik in the broader list) at ₹122,587.90 per 10g — a spread of ₹6,444.30.
- Southern and eastern metros (Bengaluru, Chennai, Hyderabad, Kolkata) show tightly clustered 24K pricing at ₹126,583.60 per 10g.
- 22K rates mirror 24K patterns; in New Delhi the 24K–22K gap is ₹10,752.68 per 10g reflecting purity premium rather than a market anomaly.
City Notes
- New Delhi: Expect slightly higher base rates and variable making charges in premium market zones — insist on BIS hallmark and a clear invoice.
- Mumbai: High competition among jewellers often keeps premiums and making charges competitive; compare buy-back offers.
- Bengaluru: Strong demand during festivals pushes selective designs’ premiums higher; check hallmark and net weight.
- Chennai: Traditional jewellery stores may levy higher wastage for temple jewellery — confirm wastage and making upfront.
- Hyderabad: Negotiable making charges in local markets; verify karat stamp and BIS hallmark before payment.
- Kolkata: Established hallmarked outlets are common; ask for center-stamp details and buy-back terms on heavy jewellery.
What Drives Today’s Prices
- Global spot gold: International bullion rates set the base; price movements in London and New York echo into local quotes.
- INR–USD moves: A weaker rupee raises rupee gold prices even if international rates are flat; a stronger rupee can temper local increases.
- Import duty and taxes: Customs duties and GST on making charges/wastage affect retail tags and effective cost to buyers.
- MCX futures and domestic liquidity: Futures volumes and banking liquidity in India influence short-term domestic pricing and volatility.
- Local demand/supply: Festivals, weddings and regional demand pockets (design-specific demand) change premiums and making charges.
Buyer Tips
- Prefer BIS hallmark: Buy hallmarked jewellery (BIS 304/305) and check the jeweller’s hallmark centre code on the invoice.
- 24K vs 22K: 24K (999) is pure and soft — preferred for investment/coins; 22K (916) is harder and better for daily-wear jewellery.
- Making charges & wastage: These are separate from metal price and can vary widely by design — demand a detailed breakup on the bill.
- Buy-back & invoice: Verify buy-back policies, net weight, gross weight and the invoice before finalising a purchase.
FAQs
- Q: Do daily rates include making charges?
A: No — quoted daily rates are metal-only (per 10g); making charges and applicable taxes are extra. - Q: How do I verify purity?
A: Look for the BIS hallmark and karat stamp (24K or 22K) on the piece and ask for the assay report if available. - Q: Why do different jewellers quote different rates?
A: Differences arise from premiums, making charges, buy-back policies, and local demand; compare full invoice prices. - Q: When is the best time to buy retail gold?
A: Prices fluctuate intraday; for jewellery, shop when making charges are lower and during regulated promotions — avoid buying at peak festival surcharges unless necessary.
Optional: Other Major Cities
| City | 24K (10g) / 22K (10g) |
|---|---|
| Ahmedabad | ₹126,578.50 / ₹116,030.29 |
| Pune | ₹122,587.90 / ₹112,372.24 |
| Surat | ₹126,578.50 / ₹116,030.29 |
| Jaipur | ₹128,284.50 / ₹117,594.13 |
| Nagpur | ₹122,587.90 / ₹112,372.24 |
| Nashik | ₹122,587.90 / ₹112,372.24 |
| Vadodara | ₹126,578.50 / ₹116,030.29 |
| Coimbatore | ₹126,583.60 / ₹116,034.97 |
| Visakhapatnam | ₹126,583.60 / ₹116,034.97 |
| Vijayawada | ₹126,583.60 / ₹116,034.97 |
| Mysore | ₹126,583.60 / ₹116,034.97 |
Disclaimer: 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.