Gold prices on November 4 offer a mixed picture across India’s major retail markets. This snapshot covers six headline cities — New Delhi, Mumbai, Bengaluru, Chennai, Hyderabad and Kolkata — with per-10g retail rates for 24K and 22K jewellery-grade gold. Retail buyers should note city-to-city differences, the per-gram equivalents, and how purity, making charges and local premiums can affect the final invoice. Use these quoted rates as a starting point and confirm with your local jeweller before transacting.
City-wise Gold Prices (November 4, 2025)
| City | 24K (per 10g) ₹ | 24K (per g) ₹ | 22K (per 10g) ₹ | 22K (per g) ₹ |
|---|---|---|---|---|
| New Delhi | 130,383.60 | 13,038.4 | 119,518.30 | 11,951.8 |
| Mumbai | 123,862.20 | 12,386.2 | 113,540.35 | 11,354.0 |
| Bengaluru | 127,935.10 | 12,793.5 | 117,273.84 | 11,727.4 |
| Chennai | 127,935.10 | 12,793.5 | 117,273.84 | 11,727.4 |
| Hyderabad | 127,935.10 | 12,793.5 | 117,273.84 | 11,727.4 |
| Kolkata | 127,935.10 | 12,793.5 | 117,273.84 | 11,727.4 |
Quick Highlights
- Highest 24K retail quote among the cities listed: New Delhi at ₹130,383.60 per 10g.
- Lowest 24K quote in the dataset: Mumbai at ₹123,862.20 per 10g (shared by some other cities in the broader list).
- Many South and East Indian cities (Bengaluru, Chennai, Hyderabad, Kolkata) cluster closely at ₹127,935.10 (24K), indicating tight regional pricing there.
- The 24K–22K gap is substantial across cities (roughly around ₹10,000–11,000 per 10g), reflecting the purity premium for 24K jewellery rates used by retailers.
City Notes
- New Delhi: Highest quoted 24K — check BIS hallmark and compare making charges before purchase.
- Mumbai: Lower 24K base rate here — still confirm local jeweller premiums and GST-inclusive billing.
- Bengaluru: Clustered pricing with other South cities — expect competitive retail offers in established jewellery markets.
- Chennai: Similar to Bengaluru — verify hallmark and ask for a detailed invoice showing making charges.
- Hyderabad: Rates align with regional peers — check buy-back policies if you plan resale later.
- Kolkata: Close to regional cluster — insist on BIS hallmark and clear karat marking on the piece.
What Drives Today’s Prices
- Global spot gold: International bullion rates set the base; retail prices follow global trends with a lag and local adjustments.
- INR/USD movements: A weaker rupee raises landed cost for imports, pushing retail quotes higher; a stronger rupee can ease local prices.
- Import duty and taxes: Import duties, GST and compliance costs are embedded into retail rates and affect final consumer pricing.
- MCX and local futures cues: Domestic exchange movements influence dealer hedging and inventory decisions, which can nudge retail rates.
- Local demand and supply: Festivals, wedding season or stock availability in a city can create premiums or discounts at retail counters.
Buyer Tips
- Prefer BIS hallmark: Always buy hallmarked gold (BIS hallmark in India) and verify karatage (22K, 24K) stamped on the piece.
- 24K vs 22K: 24K is purer but softer; 22K is alloyed and more durable for everyday jewellery — choose based on use and budget.
- Making charges and wastage: These can exceed metal value for intricate designs — insist on a written breakup of gold price, making charges, GST and other fees.
- Buy-back and exchange terms: Check the jeweller’s buy-back policy, net melt value offered and whether they deduct making charges on resale.
- Invoice and testing: Get a proper invoice and, if in doubt, ask for an independent purity test or certificate.
FAQs
- Q: Are these rates final purchase prices?
A: These are base retail rates per 10g; the final price includes making charges, GST and any local premiums — confirm with your jeweller. - Q: How often do daily rates change?
A: Retail rates typically update daily and can change intraday with bullion market moves and currency shifts. - Q: What is BIS hallmark and why is it important?
A: BIS hallmark certifies gold purity to Indian Bureau of Standards norms; it provides assurance of karatage and reduces fraud risk. - Q: How should I compare making charges?
A: Compare absolute making charge amounts and percentage of gold value, and ask if they are refundable on resale or exchange.
Other Major Cities
| City | 24K (10g) / 22K (10g) ₹ |
|---|---|
| Ahmedabad | 127,929.90 / 117,269.07 |
| Pune | 123,862.20 / 113,540.35 |
| Surat | 127,929.90 / 117,269.07 |
| Jaipur | 129,507.40 / 118,715.12 |
| Nagpur | 123,862.20 / 113,540.35 |
| Nashik | 123,862.20 / 113,540.35 |
| Vadodara | 127,929.90 / 117,269.07 |
| Coimbatore | 127,935.10 / 117,273.84 |
| Visakhapatnam | 127,935.10 / 117,273.84 |
| Vijayawada | 127,935.10 / 117,273.84 |
| Mysore | 127,935.10 / 117,273.84 |
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.

