Gold prices today in major Indian cities on November 1 — Retail buyers across Ahmedabad, Pune, Jaipur, Nashik, Coimbatore, Vijayawada and other metros see modest regional variation in 24K and 22K rates. This snapshot covers city-specific 10‑gram rates and per‑gram equivalents to help buyers compare local premiums, hallmarking expectations and typical making‑charge considerations. Use these numbers as a starting point for negotiation and verification with local jewellers before purchase.
City-wise Gold Prices
| City | 24K (per 10g) | 24K (per g) | 22K (per 10g) | 22K (per g) |
|---|---|---|---|---|
| Delhi | ₹131,275.30 | ₹13,127.5 | ₹120,335.69 | ₹12,033.6 |
| Mumbai | ₹124,727.20 | ₹12,472.7 | ₹114,333.27 | ₹11,433.3 |
| Bangalore | ₹128,826.80 | ₹12,882.7 | ₹118,091.23 | ₹11,809.1 |
| Chennai | ₹128,826.80 | ₹12,882.7 | ₹118,091.23 | ₹11,809.1 |
| Hyderabad | ₹128,826.80 | ₹12,882.7 | ₹118,091.23 | ₹11,809.1 |
| Kolkata | ₹128,826.80 | ₹12,882.7 | ₹118,091.23 | ₹11,809.1 |
| Ahmedabad | ₹128,821.60 | ₹12,882.2 | ₹118,086.47 | ₹11,808.6 |
| Pune | ₹124,727.20 | ₹12,472.7 | ₹114,333.27 | ₹11,433.3 |
| Surat | ₹128,821.60 | ₹12,882.2 | ₹118,086.47 | ₹11,808.6 |
| Jaipur | ₹130,406.30 | ₹13,040.6 | ₹119,539.11 | ₹11,953.9 |
| Nagpur | ₹124,727.20 | ₹12,472.7 | ₹114,333.27 | ₹11,433.3 |
| Nashik | ₹124,727.20 | ₹12,472.7 | ₹114,333.27 | ₹11,433.3 |
| Vadodara | ₹128,821.60 | ₹12,882.2 | ₹118,086.47 | ₹11,808.6 |
| Coimbatore | ₹128,826.80 | ₹12,882.7 | ₹118,091.23 | ₹11,809.1 |
| Visakhapatnam | ₹128,826.80 | ₹12,882.7 | ₹118,091.23 | ₹11,809.1 |
| Vijayawada | ₹128,826.80 | ₹12,882.7 | ₹118,091.23 | ₹11,809.1 |
| Mysore | ₹128,826.80 | ₹12,882.7 | ₹118,091.23 | ₹11,809.1 |
Quick Highlights
- Highest 24K rate: Delhi at ₹131,275.30 per 10g; lowest 24K: Mumbai, Pune, Nagpur, Nashik at ₹124,727.20 per 10g — a spread of ₹6,548.10 per 10g between the extremes.
- Many southern and eastern metros (Bangalore, Chennai, Hyderabad, Kolkata, Coimbatore, Visakhapatnam, Vijayawada, Mysore) cluster tightly around ₹128,826.80 (24K), showing similar local premiums.
- 22K rates mirror 24K patterns: Delhi is top at ₹120,335.69 per 10g, while cities like Mumbai and Pune are at the lower end (₹114,333.27).
City Notes
Delhi: Higher city premium; expect slightly larger making charges in select retail outlets, verify BIS hallmark (hallmarking strict in most stores).
Mumbai: Competitive pricing hub with lower listed rates; still check invoice for making charges and discount offers.
Bangalore: Strong demand for ready‑made jewellery — compare making charges for intricate designs.
Chennai: Traditional designs may carry higher workmanship costs; confirm wastage percentages.
Hyderabad: Look for certified dealers offering buy‑back policies and clear hallmark stamps.
Kolkata: Jewellery with embossed craftsmanship can add to final bill — demand for temple and traditional pieces.
Ahmedabad: Large retail network; compare quotes across malls and local karigars (artisans).
Pune: Often follows Mumbai price cues; weekend demand can push premiums up slightly.
Surat: Strong jewellery manufacturing base — good place for negotiated prices on bulk or custom orders.
Jaipur: Craft and design premiums matter; verify weight declared on invoice for gemstones and settings.
Nagpur: Competitive retail market; confirm purity and hallmark before purchase.
Nashik: Local jewellers may offer festival season discounts — check validity and terms.
Vadodara: Regional demand can affect making charges for traditional motifs.
Coimbatore: Check for certified retailers and compare making charges on similar designs.
Visakhapatnam: Coastal demand patterns; confirm buy‑back policy if purchasing as an investment.
Vijayawada: Jewellery shopping spikes during festivals — pre‑book to lock prices or negotiate.
Mysore: Boutique stores may add premium for designer pieces; insist on BIS hallmark and itemized invoice.
What Drives Today’s Prices
- Global spot gold: International bullion prices set the base; local 24K/22K quoting tracks these moves with a lag.
- INR/USD moves: A weaker rupee raises rupee gold prices even if dollar gold is steady; conversely a stronger rupee eases imported gold cost.
- Import duty & taxes: Customs duty and GST influence landed cost and retail pricing — changes can shift retailer pricing quickly.
- MCX and futures: Domestic futures markets provide intraday cues; jewellers and traders watch MCX for short‑term direction.
- Local demand & festivals: Regional buying festivals, wedding season and liquidity needs of jewellers affect local premiums and making charges.
Buyer Tips
- Prefer BIS hallmark: Always buy hallmarked jewellery (BIS stamp) and verify the karatage (22K/24K) and dealer’s hallmarking certificate.
- 24K vs 22K: 24K is purer and priced higher per gram but is softer; 22K is alloyed for durability and often preferred for everyday wear.
- Making charges & wastage: Making charges are labour/design dependent and often non‑negotiable; ask for a breakup (making + metal value) on the bill and compare per‑gram making rates across shops.
- Buy‑back & exchange policies: Check buy‑back rates, certificates, and whether the jeweller deducts making charges on resale; get a detailed invoice and warranty.
FAQs
Q: Are these rates final prices I will pay?
A: These are metal rates per 10g and per gram; the final retail price also includes making charges, taxes and any local premium — confirm the full invoice.
Q: How do I verify purity?
A: Look for BIS hallmark and karat marking on the piece and demand a certificate; for 22K and 24K, the hallmark and assay card are standard proof.
Q: What are making charges and can they be negotiated?
A: Making charges cover labour and design and vary widely. Simple plain jewellery has lower charges; intricate designer work costs more. You can negotiate, especially on larger purchases or during promotions.
Q: When is the best time to buy gold?
A: Financially, buying during dips in global spot price and a stronger rupee reduces cost. From a practical standpoint, promotions during festival sales can lower effective cost, but always compare total price (metal + making + taxes).
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.