Gold prices on October 23 show a clear premium for New Delhi while Mumbai posts the lowest rates among the major metros covered. This snapshot covers Mumbai, Bengaluru (Bangalore), Chennai, Hyderabad, New Delhi (Delhi) and Kolkata and gives retail buyers a quick reference for both 24K and 22K gold per 10 grams (with per‑gram figures). Use this as a starting point—local jewellers may add making charges, hallmark premiums and buy‑back terms that affect the final bill.
City-wise Gold Prices (October 23, 2025)
City | 24K (per 10g) | 24K (per g) | 22K (per 10g) | 22K (per g) |
---|---|---|---|---|
New Delhi | ₹132753.30 | ₹13275.3 | ₹121690.52 | ₹12169.1 |
Mumbai | ₹126322.40 | ₹12632.2 | ₹115795.53 | ₹11579.6 |
Bengaluru | ₹130304.70 | ₹13030.5 | ₹119445.97 | ₹11944.6 |
Chennai | ₹130304.70 | ₹13030.5 | ₹119445.97 | ₹11944.6 |
Hyderabad | ₹130304.70 | ₹13030.5 | ₹119445.97 | ₹11944.6 |
Kolkata | ₹130304.70 | ₹13030.5 | ₹119445.97 | ₹11944.6 |
Quick Highlights
- New Delhi posts the highest retail rate for 24K at ₹132,753.30 per 10g and for 22K at ₹121,690.52 per 10g.
- Mumbai shows the lowest among the listed metros: ₹126,322.40 (24K/10g) and ₹115,795.53 (22K/10g).
- Several southern and eastern metros (Bengaluru, Chennai, Hyderabad, Kolkata) share identical quoted rates in this snapshot, indicating uniform pricing in those markets today.
- The 24K spread between New Delhi and Mumbai is about ₹6,430.90 per 10g (≈₹643.1 per g), reflecting local premiums and dealer margins.
City Notes
- New Delhi: Higher premiums; compare multiple jewellers and insist on BIS hallmark and invoice before purchase.
- Mumbai: Lowest listed rates—look out for festival-season discounts but confirm making charges and buy‑back terms.
- Bengaluru (Bangalore): Uniform pricing with other southern metros—shop around for lower making charges.
- Chennai: Consistent rates; check for local design premiums on temple and antique jewellery.
- Hyderabad: Standard metro pricing—verify purity and hallmark, especially for traditional pieces.
- Kolkata: Same base rates as other eastern/southern metros—some stores add region-specific hallmark premiums.
What Drives Today’s Prices
- Global spot gold: International bullion prices set the base; moves in COMEX/London markets influence local quotes.
- INR/USD exchange rate: A weaker rupee raises local rupee prices even if global gold is steady; currency swings are a key short-term driver.
- Import duty & taxes: Customs duty and GST (on making charges) feed into retail rates and premiums.
- MCX & domestic futures: Domestic futures and intra-day MCX trends can nudge retailer quotes in either direction.
- Local demand and festivals: Seasonal demand, wedding season, and regional buying patterns can create retailer mark-ups.
Buyer Tips
- Prefer BIS hallmark: Always insist on a BIS hallmark and the karatage stamp (22K/24K) to verify purity.
- 24K vs 22K: 24K is pure but softer; 22K is more durable for daily wear and often carries lower tax impact on making charges in resale.
- Making charges and wastage: Making charges can exceed metal cost for intricate designs—negotiate and get itemized bills.
- Buy‑back and invoice: Confirm buy‑back rates, hallmark proof and detailed invoices; these affect resale value and claims.
FAQs
- Q: Are these prices final? A: These are base retail quotes per 10g; jewellers add making charges, GST and any local premiums—confirm the final bill at purchase.
- Q: How to verify purity? A: Look for the BIS hallmark (standard mark and karat stamp) and get an itemized invoice showing weight, purity and making charges.
- Q: What are making charges? A: Fees for design and workmanship; they vary by store and design complexity and are usually non‑refundable on resale.
- Q: When is the best time to buy? A: Short term: when global spot prices and the rupee are stable or easing; long term: buy according to financial goals and affordability, not daily volatility alone.
Optional: Other Major Cities
City | 24K (10g) / 22K (10g) |
---|---|
Ahmedabad | ₹130299.60 / ₹119441.30 |
Pune | ₹126322.40 / ₹115795.53 |
Surat | ₹130299.60 / ₹119441.30 |
Jaipur | ₹132081.70 / ₹121074.89 |
Nagpur | ₹126322.40 / ₹115795.53 |
Nashik | ₹126322.40 / ₹115795.53 |
Vadodara | ₹130299.60 / ₹119441.30 |
Coimbatore | ₹130304.70 / ₹119445.97 |
Visakhapatnam | ₹130304.70 / ₹119445.97 |
Vijayawada | ₹130304.70 / ₹119445.97 |
Mysore | ₹130304.70 / ₹119445.97 |
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.