Gold rates across Indian cities on October 20 show modest regional variation, with retail 24K prices ranging from around ₹1,31,879 to ₹1,39,514 per 10 grams. This report covers rates in Ahmedabad, Pune, Jaipur, Nashik, Coimbatore, Vijayawada and other headline cities, giving per‑10g and per‑gram figures for both 24K and 22K bars/jewellery. The table below helps retail buyers compare local premiums and make informed purchase or sale decisions amid steady international cues and typical festival‑season demand in parts of the country.
City-wise Gold Prices
City | 24K (per 10g) | 24K (per g) | 22K (per 10g) | 22K (per g) |
---|---|---|---|---|
Delhi | ₹139,514.20 | ₹13,951.4 | ₹127,888.02 | ₹12,788.8 |
Mumbai | ₹131,879.20 | ₹13,187.9 | ₹120,889.27 | ₹12,088.9 |
Bangalore | ₹137,065.70 | ₹13,706.6 | ₹125,643.56 | ₹12,564.4 |
Chennai | ₹136,138.30 | ₹13,613.8 | ₹124,793.44 | ₹12,479.3 |
Hyderabad | ₹136,138.30 | ₹13,613.8 | ₹124,793.44 | ₹12,479.3 |
Kolkata | ₹136,138.30 | ₹13,613.8 | ₹124,793.44 | ₹12,479.3 |
Ahmedabad | ₹136,030.10 | ₹13,603.0 | ₹124,694.26 | ₹12,469.4 |
Pune | ₹131,879.20 | ₹13,187.9 | ₹120,889.27 | ₹12,088.9 |
Surat | ₹136,030.10 | ₹13,603.0 | ₹124,694.26 | ₹12,469.4 |
Jaipur | ₹137,788.10 | ₹13,778.8 | ₹126,305.76 | ₹12,630.6 |
Nagpur | ₹131,879.20 | ₹13,187.9 | ₹120,889.27 | ₹12,088.9 |
Nashik | ₹131,879.20 | ₹13,187.9 | ₹120,889.27 | ₹12,088.9 |
Vadodara | ₹136,030.10 | ₹13,603.0 | ₹124,694.26 | ₹12,469.4 |
Coimbatore | ₹136,138.30 | ₹13,613.8 | ₹124,793.44 | ₹12,479.3 |
Visakhapatnam | ₹136,138.30 | ₹13,613.8 | ₹124,793.44 | ₹12,479.3 |
Vijayawada | ₹136,138.30 | ₹13,613.8 | ₹124,793.44 | ₹12,479.3 |
Mysore | ₹137,065.70 | ₹13,706.6 | ₹125,643.56 | ₹12,564.4 |
Quick Highlights
- Highest retail 24K (per 10g) in this list: Delhi at ₹139,514.20; lowest 24K group is seen in Mumbai/Pune/Nagpur at ₹131,879.20.
- 22K follows the same pattern: highest in Delhi (₹127,888.02) and lowest in Mumbai/Pune/Nagpur (₹120,889.27).
- Many South and East cities (Chennai, Hyderabad, Kolkata, Coimbatore, Visakhapatnam, Vijayawada) show tight clustering near ₹136,138 (24K) and ₹124,793 (22K), suggesting similar local premiums.
- Spread between top and bottom 24K in the table is about ₹7,635 per 10g — meaningful for larger purchases or investment bars.
City Notes
- Delhi: Higher base rates and premiums—check for certified BIS hallmark and compare shop-to-shop quotes.
- Mumbai: Competitive market; good for negotiating making charges on jewellery.
- Bangalore: Strong retail demand; expect standard regional premiums and branded-store markups.
- Chennai: Consistent pricing; verify invoice details and hallmark for larger ornaments.
- Hyderabad: Good array of private jewellers—compare buy‑back terms.
- Kolkata: Shop around for better making charges, especially for traditional designs.
- Ahmedabad: Large jewellery market; be mindful of design‑specific premiums on bridal pieces.
- Pune: Similar to Mumbai—competitive pricing, especially in daytime trading hours.
- Surat: Strong manufacturing hub—occasionally better pricing for plain gold and bulk buys.
- Jaipur: Premiums can be higher on intricate kundan/jadau work—check purity documentation.
- Nagpur: Competitive retail rates; confirm hallmark and buy-back clauses.
- Nashik: Local demand mixed; compare offers from established chains.
- Vadodara: Jewellery hubs nearby; look for festival discounts but verify hallmarking.
- Coimbatore: Consistent with South Indian price brackets; check for design-related making charges.
- Visakhapatnam: Modest premiums—confirm karat and net weight at purchase time.
- Vijayawada: Local jewelers may offer competitive terms for repeat customers.
- Mysore: Traditional demand for temple jewellery—expect higher making charges on ornate pieces.
What Drives Today’s Prices
- Global spot gold: Moves on COMEX/London benchmarks affect domestic base rates.
- INR/USD exchange: A weaker rupee raises import costs and retail gold prices; a stronger rupee eases them.
- Import duties and taxes: Government levies, GST and local taxes embed into retail pricing and margins.
- MCX futures: Domestic futures and short-term hedging by jewellers influence retail quote updates.
- Local demand & festivals: Seasonal buying (weddings, festivals) pushes premiums and making charges higher in busy periods.
Buyer Tips
- Prefer BIS hallmark: Always buy BIS‑hallmarked gold (hallmark number on invoice) to ensure purity and for easier resale or buy‑back.
- 24K vs 22K: 24K (999) is pure but softer—better for coins/bars; 22K (916) is common for jewellery due to durability.
- Making charges & wastage: These are added to the metal value and vary by design and store—get a written breakup before purchase.
- Buy‑back terms: Confirm buy‑back rate and whether the jeweller pays metal value only or includes making charges.
- Invoice details: Ensure karatage, gross/net weight, making charges, GST and hallmark details are on the bill.
FAQs
- Q: Are these rates applicable to both jewellery and bars?
A: These are base metal rates per 10g; jewellers add making charges/markups for jewellery—bars/coins may be closer to the quoted metal price. - Q: How often do retail rates change?
A: Retail rates can change intraday with global spot moves and rupee fluctuations; most jewellers update prices at least once a day. - Q: What does the BIS hallmark guarantee?
A: BIS hallmark certifies gold purity and typically includes carat, jeweller identification and year of marking—use it to verify authenticity. - Q: When is the best time to buy gold?
A: Long-term investors follow dollar/spot trends; retail buyers often look for lower local premiums or festival/seasonal discounts—avoid impulse buying at peak festival markups.
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.