Gold prices in India on October 23 show modest variation across cities, with headline centres Ahmedabad, Pune, Jaipur, Nashik, Coimbatore and Vijayawada included in today’s snapshot. Retail 24K and 22K quotes remain within a few thousand rupees of each other city‑to‑city; Jaipur posts the highest 24K quote among the headline cities while Pune/Nashik sit at the lower end. Below you will find city rates per 10 grams (and per gram), quick takeaways for buyers, short local notes, drivers behind today’s levels and practical buying tips.
City-wise Gold Prices
| City | 24K (per 10g) | 24K (per g) | 22K (per 10g) | 22K (per g) |
|---|---|---|---|---|
| Ahmedabad | ₹130,299.60 | ₹13030.0 | ₹119,441.30 | ₹11944.1 |
| Pune | ₹126,322.40 | ₹12632.2 | ₹115,795.53 | ₹11579.6 |
| Jaipur | ₹132,081.70 | ₹13208.2 | ₹121,074.89 | ₹12107.5 |
| Nashik | ₹126,322.40 | ₹12632.2 | ₹115,795.53 | ₹11579.6 |
| Coimbatore | ₹130,304.70 | ₹13030.5 | ₹119,445.97 | ₹11944.6 |
| Vijayawada | ₹130,304.70 | ₹13030.5 | ₹119,445.97 | ₹11944.6 |
Quick Highlights
- Highest 24K (headline cities): Jaipur at ₹132,081.70 per 10g (₹13,208.2/g).
- Lowest 24K (headline cities): Pune and Nashik at ₹126,322.40 per 10g (₹12,632.2/g).
- Tight clustering: Most headline cities sit around ₹130,000 per 10g for 24K — intra‑city spreads are modest.
- 22K vs 24K gap: Typical spread between 24K and 22K in these cities is around ₹10,000–12,000 per 10g, reflecting purity conversion.
City Notes
- Ahmedabad: Strong local demand for traditional jewellery; verify hallmark and negotiated making charges at established showrooms.
- Pune: Competitive retail market — compare quotes and ask for itemised making charges and GST breakdown.
- Jaipur: Premiums can be slightly higher in tourist and artisan zones; insist on BIS hallmark and invoice for buy‑back.
- Nashik: Local jewellers commonly offer festival discounts; check net payable (making + GST) rather than headline price alone.
- Coimbatore: South Indian design demand can push making charges; confirm wastage and workmanship terms before purchase.
- Vijayawada: Jewellery hubs may offer trade discounts for bulk purchases; always check hallmark and buy‑back policy.
What Drives Today’s Prices
- Global spot gold: International bullion prices set the base; changes in global spot markets flow into Indian retail quotes with a lag.
- INR/USD movement: A weaker rupee raises import cost for gold, lifting domestic prices; a stronger rupee eases pressure.
- Import duty & taxes: Customs duty and GST on jewellery influence retail pricing and the margin between 24K and 22K products.
- MCX & futures: Domestic futures (MCX) indicate near‑term sentiment for traders and can affect retailer pricing strategies.
- Local demand & seasonality: Festivals, weddings and regional buying patterns push up premiums and making charges in high‑demand pockets.
Buyer Tips
- Prefer BIS hallmark: Buy BIS‑hallmarked pieces (with karat number) to ensure certified purity and easier resale.
- 24K vs 22K: 24K is the purest (soft, ideal for coins/investment); 22K is harder and better for everyday jewellery — choose based on use.
- Making charges & wastage: These vary widely by design and retailer; insist on a written breakup (making charge, GST) before payment.
- Check buy‑back terms: Ask about buy‑back/pricing for resale — many jewellers deduct making charges when buying back.
- Invoice & hallmark: Always take a detailed invoice with gross weight, net gold weight, making charges and the BIS hallmark stamp visible.
FAQs
- Q: Do these rates change during the day? A: Yes — retail rates move with global spot, MCX, and rupee fluctuations; confirm the rate at the time of purchase.
- Q: How can I confirm purity? A: Look for the BIS hallmark and karat marking (24K/22K). For high‑value items, independent assay or XRF checks are available.
- Q: What are making charges? A: Charges for design, labour and wastage; they are added on top of gold value and can be fixed per gram or percentage‑based.
- Q: When is the best time to buy? A: Financially, buy when global spot and domestic futures are stable and the rupee is stronger; for gifts, align with festival offers but compare net payable prices.
Other Major Cities
| City | 24K (10g) / 22K (10g) |
|---|---|
| Delhi | ₹132,753.30 / ₹121,690.52 |
| Mumbai | ₹126,322.40 / ₹115,795.53 |
| Bangalore | ₹130,304.70 / ₹119,445.97 |
| Chennai | ₹130,304.70 / ₹119,445.97 |
| Hyderabad | ₹130,304.70 / ₹119,445.97 |
| Kolkata | ₹130,304.70 / ₹119,445.97 |
| Surat | ₹130,299.60 / ₹119,441.30 |
| Nagpur | ₹126,322.40 / ₹115,795.53 |
| Vadodara | ₹130,299.60 / ₹119,441.30 |
| Visakhapatnam | ₹130,304.70 / ₹119,445.97 |
| Mysore | ₹130,304.70 / ₹119,445.97 |
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.