Snapshot: Today’s retail gold rates across major Indian cities show a spread between Delhi and Mumbai, with several southern and eastern markets quoting identical retail prices. This report covers Mumbai, Bengaluru, Chennai, Hyderabad, New Delhi and Kolkata and gives per‑10g rates for 24K and 22K gold (with per‑gram figures), short city notes for buyers, the main drivers behind today’s pricing, practical buying tips, and concise FAQs to help retail customers make informed decisions on October 30.
City-wise Gold Prices (October 30, 2025)
| City | 24K (per 10g) | 24K (per g) | 22K (per 10g) | 22K (per g) |
|---|---|---|---|---|
| New Delhi | ₹128,291.70 | ₹12,829.2 | ₹117,600.73 | ₹11,760.1 |
| Mumbai | ₹121,870.00 | ₹12,187.0 | ₹111,714.17 | ₹11,171.4 |
| Bengaluru | ₹125,843.10 | ₹12,584.3 | ₹115,356.18 | ₹11,535.6 |
| Chennai | ₹125,843.10 | ₹12,584.3 | ₹115,356.18 | ₹11,535.6 |
| Hyderabad | ₹125,843.10 | ₹12,584.3 | ₹115,356.18 | ₹11,535.6 |
| Kolkata | ₹125,843.10 | ₹12,584.3 | ₹115,356.18 | ₹11,535.6 |
Quick Highlights
- Highest 24K (per 10g): New Delhi at ₹128,291.70; Lowest 24K among these cities: Mumbai at ₹121,870.00 — a gap of about ₹6,421.70 per 10g.
- 22K rates follow the same pattern: New Delhi highest at ₹117,600.73 and Mumbai lowest at ₹111,714.17 (≈₹5,886.6 difference per 10g).
- Several southern and eastern centres (Bengaluru, Chennai, Hyderabad, Kolkata) are quoting identical retail rates, indicating uniform retailer pricing in those markets today.
- The Mumbai market remains relatively competitive with lower retail premiums compared with Delhi.
City Notes
- New Delhi: Higher urban premiums are common; verify BIS hallmark and get an itemized bill for making charges.
- Mumbai: Competitive pricing — useful to shop around for lower making charges and buy‑back terms.
- Bengaluru: Steady retail rates; prefer established jewellers with clear hallmarking and return policies.
- Chennai: Uniform quotes across local retailers — check design‑linked making charges before finalizing.
- Hyderabad: Strong retail demand for traditional jewellery; confirm net weight and making charges in writing.
- Kolkata: Consistent rates with many hallmarking centres; ask for BIS hallmark and purity certificate.
What Drives Today’s Prices
- Global spot gold: International bullion prices set the base; retail rates follow global moves with a lag and margin.
- INR/USD movement: A weaker rupee raises import costs for jewellers and typically pushes retail rates up; a firmer rupee can ease local prices.
- Import duty & taxes: Customs duties, GST and local levies affect landed cost and retail premiums.
- MCX and domestic futures: Local futures and exchange activity influence short‑term retail pricing and hedging costs for merchants.
- Local demand and inventory: Festival seasons, weddings and retailer stock positions change premiums and making charges charged to consumers.
Buyer Tips
- Prefer BIS hallmark: Always buy items bearing the BIS hallmark and check the purity (karat) marking on the piece.
- 24K vs 22K: 24K (pure) offers higher purity but is softer; 22K is more durable for jewellery — choose based on use and longevity.
- Making charges & wastage: These vary by design and retailer and are not regulated — get a written breakdown and compare net payable prices.
- Buy‑back & invoice: Ask about buy‑back rates, lifetime buy‑back policies and retain your invoice for future resale or exchange.
FAQs
- Q: Do retail gold rates change daily?
A: Yes — rates update daily and often intraday in response to international spot movements and currency swings; confirm the rate at the time of purchase. - Q: How can I verify purity?
A: Check for the BIS hallmark, karat marking (24K/22K) and ask for a purity certificate if available. - Q: Why do making charges vary so much?
A: Making charges depend on design complexity, labour and retailer policy; they are discretionary and should be disclosed upfront. - Q: When is the best time to buy gold?
A: There is no guaranteed “best” time; prices can dip with a stronger rupee or falling global spot rates — compare live quotes and avoid peak demand days when premiums rise.
Other Major Cities
| City | 24K (10g) / 22K (10g) |
|---|---|
| Ahmedabad | ₹125,838.00 / ₹115,351.50 |
| Pune | ₹121,870.00 / ₹111,714.17 |
| Surat | ₹125,838.00 / ₹115,351.50 |
| Jaipur | ₹127,478.10 / ₹116,854.93 |
| Nagpur | ₹121,870.00 / ₹111,714.17 |
| Nashik | ₹121,870.00 / ₹111,714.17 |
| Vadodara | ₹125,838.00 / ₹115,351.50 |
| Coimbatore | ₹125,843.10 / ₹115,356.18 |
| Visakhapatnam | ₹125,843.10 / ₹115,356.18 |
| Vijayawada | ₹125,843.10 / ₹115,356.18 |
| Mysore | ₹125,843.10 / ₹115,356.18 |
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.