Today’s gold snapshot covers retail rates across major Indian cities including Mumbai, Bengaluru, Chennai, Hyderabad, New Delhi, and Kolkata. This note gives per‑10g 24K and 22K benchmarks for November 1, along with per‑gram conversions, quick highlights, city‑specific buying notes, factors that influence prices and practical tips for retail buyers. Use these rates as a market guide and confirm local quotes before transacting.
City-wise Gold Prices (November 1, 2025)
| City | 24K (per 10g) | 24K (per g) | 22K (per 10g) | 22K (per g) |
|---|---|---|---|---|
| New Delhi | ₹131275.30 | ₹13127.5 | ₹120335.69 | ₹12033.6 |
| Mumbai | ₹124727.20 | ₹12472.7 | ₹114333.27 | ₹11433.3 |
| Bengaluru | ₹128826.80 | ₹12882.7 | ₹118091.23 | ₹11809.1 |
| Chennai | ₹128826.80 | ₹12882.7 | ₹118091.23 | ₹11809.1 |
| Hyderabad | ₹128826.80 | ₹12882.7 | ₹118091.23 | ₹11809.1 |
| Kolkata | ₹128826.80 | ₹12882.7 | ₹118091.23 | ₹11809.1 |
Quick Highlights
- Highest 24K (per 10g): New Delhi at ₹131275.30; Lowest 24K: Mumbai at ₹124727.20—a gap of about ₹6,548.
- Several southern and eastern centres (Bengaluru, Chennai, Hyderabad, Kolkata) share identical listed rates, indicating tight clustering in regional retail quotes.
- 22K rates mirror the same pattern: New Delhi tops the list while Mumbai posts the lowest retail benchmark among the headline cities.
City Notes
- New Delhi: Expect slightly higher premiums in prime retail areas; check hallmark and BIS stamp carefully for high‑value purchases.
- Mumbai: Competitive market with frequent promotions—compare making charges across trusted jewellers.
- Bengaluru: Strong retail demand in IT hubs; ask for itemized making charges and net payable before purchase.
- Chennai: Deep local jewellery tradition—verify design‑based wastage or labour components added to retail price.
- Hyderabad: Popular for traditional jewellery; ensure BIS hallmark and weigh items at purchase counter.
- Kolkata: Look for seasonal discounts around festivals; confirm karat marking and invoice details.
- Ahmedabad: Regional premiums can vary by locality; insist on a clear buy‑back policy.
- Pune: Jewellery hubs offer competitive making charges—compare quotes for identical designs.
- Surat: Manufacturing centre — some retailers may offer lower making charges on selected designs.
- Jaipur: Premiums on gemstone‑set pieces may be higher; verify gross weight vs net gold weight.
- Nagpur: Local demand spikes around festivals—lock in price only after invoice confirmation.
- Nashik: Check for consistent hallmarking across outlets; small shops may have different buy‑back norms.
- Vadodara: Regional trends follow neighbouring Gujarat markets—compare jewellers for best net price.
- Coimbatore: Textile and trade cycles influence demand; clarify wastage policy on customised pieces.
- Visakhapatnam: Coastal market with mixed supply patterns—insist on assay and hallmarking documentation.
- Vijayawada: Retail offers during local festivals; confirm making charges and design wastage separately.
- Mysore: Classical jewellery demand—ask for karat proof and hallmark for high‑value items.
What Drives Today’s Prices
- Global spot gold: International bullion prices set the base for domestic retail benchmarks.
- INR/USD moves: A weaker rupee raises import cost and retail rates; a stronger rupee eases pressure on prices.
- Import duty and taxes: Customs duty, GST and local levies add to retail premiums and affect effective consumer prices.
- MCX & domestic futures: Exchange cues and short‑term flows can change dealer quotes intra‑day.
- Local demand and festival seasonality: Regional buying patterns, stock availability and jeweller inventory decisions influence premiums and making charges.
Buyer Tips
- Prefer BIS hallmark: Always buy BIS‑hallmarked gold and verify the karatage stamp (22K/24K) on the piece.
- 24K vs 22K: 24K is pure but softer; 22K has added alloy for durability—choose by intended use (investment vs everyday wear).
- Making charges and wastage: These are retailer‑specific and can exceed metal cost for intricate designs—insist on itemized billing.
- Buy‑back and invoice: Check buy‑back rates, grace period, and keep tax invoice and hallmark proof for resale or insurance.
FAQs
- Q: Are these rates retail final prices? A: These are city‑level retail benchmarks per 10g; final payable amount can vary with making charges, local taxes and any dealer premium.
- Q: How can I confirm purity? A: Look for the BIS hallmark and karat mark (22K/24K) on the jewellery; ask for assay or certificate if in doubt.
- Q: Why do making charges differ so much? A: Making charges account for labour, design complexity and jeweller margins; they are not regulated and vary by outlet.
- Q: When is the best time to buy gold? A: For long‑term investors, timing the market is difficult—consider buying in tranches. For gifts, watch for retailer promotions and lower making charges outside peak festival periods.
Other Major Cities
| City | 24K (10g) / 22K (10g) |
|---|---|
| Ahmedabad | ₹128821.60 / ₹118086.47 |
| Pune | ₹124727.20 / ₹114333.27 |
| Surat | ₹128821.60 / ₹118086.47 |
| Jaipur | ₹130406.30 / ₹119539.11 |
| Nagpur | ₹124727.20 / ₹114333.27 |
| Nashik | ₹124727.20 / ₹114333.27 |
| Vadodara | ₹128821.60 / ₹118086.47 |
| Coimbatore | ₹128826.80 / ₹118091.23 |
| Visakhapatnam | ₹128826.80 / ₹118091.23 |
| Vijayawada | ₹128826.80 / ₹118091.23 |
| Mysore | ₹128826.80 / ₹118091.23 |
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.