Gold prices today across major Indian cities show modest regional variation as retail rates reflect local taxes, premiums and the day’s bullion-market cues. This snapshot covers Mumbai, Bengaluru, Chennai, Hyderabad, New Delhi and Kolkata for October 18. Use the city-wise 24K and 22K per-10g rates below to compare base metal prices; remember final retail bills will include making charges, hallmark premiums and any local levies that affect the cost consumers pay at jewellers.
City-wise Gold Prices (October 18, 2025)
City | 24K (per 10g) | 24K (per g) | 22K (per 10g) | 22K (per g) |
---|---|---|---|---|
New Delhi | ₹139,230.80 | ₹13,923.1 | ₹127,628.23 | ₹12,762.8 |
Mumbai | ₹131,620.60 | ₹13,162.1 | ₹120,652.22 | ₹12,065.2 |
Bengaluru | ₹136,782.30 | ₹13,678.2 | ₹125,383.78 | ₹12,538.4 |
Chennai | ₹135,854.90 | ₹13,585.5 | ₹124,533.66 | ₹12,453.4 |
Hyderabad | ₹135,854.90 | ₹13,585.5 | ₹124,533.66 | ₹12,453.4 |
Kolkata | ₹135,854.90 | ₹13,585.5 | ₹124,533.66 | ₹12,453.4 |
Quick Highlights
- Highest 24K (per 10g): New Delhi at ₹139,230.80; Lowest 24K (per 10g): Mumbai at ₹131,620.60 among the headline cities.
- 22K prices mirror 24K spreads: Delhi shows the top 22K rate (₹127,628.23 per 10g) while Mumbai and some western cities sit near the lower end (₹120,652.22 per 10g).
- Many metros (Chennai, Hyderabad, Kolkata) are tightly clustered around ₹135,854–₹135,855 for 24K per 10g, indicating similar local premiums in those regions.
- The gap between Delhi and Mumbai 24K base rates is ~₹7,610 per 10g — a material difference for sizeable purchases.
City Notes
- New Delhi: Higher base rates often reflect heavier local demand and larger retail margins — check hallmarking and invoice breakdown carefully.
- Mumbai: One of the more competitive markets on base price; negotiate making charges and confirm buy-back policies.
- Bengaluru: Mid-to-high range pricing; look for certified BIS-hallmarked pieces to ensure purity.
- Chennai: Stable pricing across stores; many customers prefer local trusted jewellers — verify making charge slabs for designs.
- Hyderabad: Similar to Chennai/Kolkata — demand pockets around festivals can push premiums up.
- Kolkata: Prices align with southern metros; always ask for complete invoices and hallmark details before payment.
What Drives Today’s Prices
- Global spot gold: International bullion benchmarks set the base; bullion market direction overnight affects local open rates.
- INR/USD movement: A weaker rupee raises import costs for gold, lifting domestic prices; a stronger rupee typically eases upward pressure.
- Import duty and taxes: India’s import duty structure and state-level taxes add to the landed cost and can create regional variations.
- MCX and domestic futures: Indian commodity exchanges influence dealer hedging and short-term retail pricing through futures-based cues.
- Local demand and seasonal trends: Festivals, wedding seasons and regional demand spikes drive premiums and making-charge adjustments at the store level.
Buyer Tips
- Prefer BIS hallmark: Always buy BIS-hallmarked jewellery (hallmark shows purity and assay centre); ask for a proper hallmark certificate.
- Verify karatage: Check whether the piece is 24K (999) or 22K (916); 24K is purer but softer, 22K is more durable for daily wear.
- Understand making charges: Making charges or wastage are added on top of metal rates; these vary by design and jeweller and are negotiable for plain items.
- Check buy-back & invoice: Request a detailed invoice showing metal rate per gram, making charges and hallmark; clarify buy-back terms and rates before purchase.
FAQs
- Q: Do daily gold rates include making charges?
A: No — the published base rates are for metal only (per 10g); making charges, taxes and other fees are added at the point of sale. - Q: How can I confirm purity?
A: Look for the BIS hallmark and karat stamp (e.g., 22K or 24K) and ask for an assay or certificate when purchasing. - Q: Are making charges standardized?
A: No — making charges vary widely by jeweller, design complexity and city; compare quotes and negotiate on plain items. - Q: When is the best time to buy gold?
A: Short-term timing is hard to predict; long-term buyers should focus on purity, total cost and need. For lower premiums, avoid peak festival or wedding seasons when demand pushes prices up.
Other Major Cities
City | 24K (10g) / 22K (10g) |
---|---|
Ahmedabad | ₹135,746.70 / ₹124,434.48 |
Pune | ₹131,620.60 / ₹120,652.22 |
Surat | ₹135,746.70 / ₹124,434.48 |
Jaipur | ₹137,504.70 / ₹126,045.97 |
Nagpur | ₹131,620.60 / ₹120,652.22 |
Nashik | ₹131,620.60 / ₹120,652.22 |
Vadodara | ₹135,746.70 / ₹124,434.48 |
Coimbatore | ₹135,854.90 / ₹124,533.66 |
Visakhapatnam | ₹135,854.90 / ₹124,533.66 |
Vijayawada | ₹135,854.90 / ₹124,533.66 |
Mysore | ₹136,782.30 / ₹125,383.78 |
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.