Gold rates across India show modest regional variation on October 28, 2025, with Kolkata and several southern cities posting higher 24K quotes while Mumbai and other western centres trade at the lower end. This snapshot covers New Delhi, Mumbai, Bengaluru, Chennai, Hyderabad and Kolkata for retail buyers, presenting per‑10g wholesale rates and per‑gram breakdowns to help consumers compare prices, evaluate premiums and plan purchases. Use these numbers as a reference point — local jewellers’ charges and hallmarks will affect the final bill.
City-wise Gold Prices (October 28, 2025)
| City | 24K (per 10g) | 24K (per g) | 22K (per 10g) | 22K (per g) |
|---|---|---|---|---|
| New Delhi | ₹130,099.80 | ₹13010.0 | ₹119,258.15 | ₹11925.8 |
| Mumbai | ₹123,923.90 | ₹12392.4 | ₹113,596.91 | ₹11359.7 |
| Bengaluru | ₹127,651.20 | ₹12765.1 | ₹117,013.60 | ₹11701.4 |
| Chennai | ₹127,651.20 | ₹12765.1 | ₹117,013.60 | ₹11701.4 |
| Hyderabad | ₹127,651.20 | ₹12765.1 | ₹117,013.60 | ₹11701.4 |
| Kolkata | ₹127,702.60 | ₹12770.3 | ₹117,060.72 | ₹11706.1 |
Quick Highlights
- Highest 24K (headline cities): Kolkata at ₹127,702.60 per 10g; Lowest: Mumbai at ₹123,923.90 per 10g.
- Highest 22K: New Delhi at ₹119,258.15 per 10g; Lowest: Mumbai at ₹113,596.91 per 10g.
- Southern hubs (Bengaluru, Chennai, Hyderabad) show near-identical pricing, indicating similar local premiums and supply conditions.
- Spread between the top and bottom 24K headline rates is under ₹4,000 per 10g — noticeable for large purchases but modest for small retail units.
City Notes
- New Delhi: Expect higher buy-sell spreads in premium areas; look for BIS hallmark stamps on invoicing.
- Mumbai: Often posts lower base rates but check making charges in old vs new jewellers.
- Bengaluru: Consistent pricing across retail chains; custom jewellery shops may add higher wastage fees.
- Chennai: Demand for traditional temple jewellery raises premiums on certain designs.
- Hyderabad: Competitive market — negotiate making charges, especially for heavier pieces.
- Kolkata: Slightly higher 24K quotes; confirm hallmark and GST details before purchase.
What Drives Today’s Prices
- Global spot gold: International bullion moves set the base price; strength in bullion markets lifts local quotes.
- INR/USD rate: A weaker rupee raises import cost for gold, pushing retail rates up; a stronger rupee eases pressure.
- Import duty & taxes: Customs duty and GST affect retail calculations and can vary with policy changes.
- MCX futures: Domestic futures and intra-day trading on MCX influence short-term retail pricing and sentiment.
- Local demand & festivals: Regional buying patterns, weddings and festival seasons create premium pockets and stock shortages.
Buyer Tips
- Prefer BIS hallmark: Always ask for BIS hallmarked jewellery indicating karatage and jeweller ID.
- 24K vs 22K: 24K is purer (more gold) but softer; 22K is harder and more suitable for everyday wear—choose per use-case.
- Making charges & wastage: These often exceed metal cost for intricate work; request a written breakup on the invoice.
- Buy-back & exchange: Check jeweller buy-back rates and terms—some offer better resale or exchange options.
FAQs
- Q: Are these rates final at the shop? A: No — these are wholesale spot references. Final retail cost includes making charges, GST and any local premiums; confirm with the jeweller.
- Q: How do I verify gold purity? A: Look for the BIS hallmark (karat number and hallmarking centre); weigh-slip and invoice should match the marking.
- Q: What are making charges? A: Making charges cover craftsmanship and are often quoted per gram or as a percentage; they vary widely by design and jeweller.
- Q: When is the best time to buy? A: For prices, buy when international spot gold is soft and the rupee is strong. For personal reasons, buy during trustworthy jeweller sales with transparent pricing.
Other Major Cities
| City | 24K (10g) / 22K (10g) |
|---|---|
| Ahmedabad | ₹127,651.20 / ₹117,013.60 |
| Pune | ₹123,923.90 / ₹113,596.91 |
| Surat | ₹127,651.20 / ₹117,013.60 |
| Jaipur | ₹129,525.90 / ₹118,732.07 |
| Nagpur | ₹123,923.90 / ₹113,596.91 |
| Nashik | ₹123,923.90 / ₹113,596.91 |
| Vadodara | ₹127,651.20 / ₹117,013.60 |
| Coimbatore | ₹127,651.20 / ₹117,013.60 |
| Visakhapatnam | ₹127,651.20 / ₹117,013.60 |
| Vijayawada | ₹127,651.20 / ₹117,013.60 |
| Mysore | ₹127,651.20 / ₹117,013.60 |
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.