Today’s gold snapshot covers prices in 17 Indian cities including Ahmedabad, Pune, Jaipur, Nashik, Coimbatore and Vijayawada. Retail 24K and 22K rates per 10 grams show regional premiums, with Delhi and Jaipur at the top end and Mumbai/Pune/Nagpur/Nashik at the lower end of the band. This report lists city-wise 10g and per‑gram rates, quick highlights, practical buying notes for each city, the main drivers behind prices, buyer tips on purity and charges, and four common FAQs to help retail buyers make informed decisions.
City-wise Gold Prices
| City | 24K (per 10g) | 24K (per g) | 22K (per 10g) | 22K (per g) |
|---|---|---|---|---|
| Delhi | ₹129,543.40 | ₹12,954.3 | ₹118,748.12 | ₹11,874.8 |
| Mumbai | ₹123,382.90 | ₹12,338.3 | ₹113,100.99 | ₹11,310.1 |
| Bangalore | ₹127,094.80 | ₹12,709.5 | ₹116,503.57 | ₹11,650.4 |
| Chennai | ₹127,094.80 | ₹12,709.5 | ₹116,503.57 | ₹11,650.4 |
| Hyderabad | ₹127,094.80 | ₹12,709.5 | ₹116,503.57 | ₹11,650.4 |
| Kolkata | ₹127,002.20 | ₹12,700.2 | ₹116,418.68 | ₹11,641.9 |
| Ahmedabad | ₹127,094.80 | ₹12,709.5 | ₹116,503.57 | ₹11,650.4 |
| Pune | ₹123,382.90 | ₹12,338.3 | ₹113,100.99 | ₹11,310.1 |
| Surat | ₹127,094.80 | ₹12,709.5 | ₹116,503.57 | ₹11,650.4 |
| Jaipur | ₹129,020.90 | ₹12,902.1 | ₹118,269.16 | ₹11,826.9 |
| Nagpur | ₹123,382.90 | ₹12,338.3 | ₹113,100.99 | ₹11,310.1 |
| Nashik | ₹123,382.90 | ₹12,338.3 | ₹113,100.99 | ₹11,310.1 |
| Vadodara | ₹127,094.80 | ₹12,709.5 | ₹116,503.57 | ₹11,650.4 |
| Coimbatore | ₹127,094.80 | ₹12,709.5 | ₹116,503.57 | ₹11,650.4 |
| Visakhapatnam | ₹127,094.80 | ₹12,709.5 | ₹116,503.57 | ₹11,650.4 |
| Vijayawada | ₹127,094.80 | ₹12,709.5 | ₹116,503.57 | ₹11,650.4 |
| Mysore | ₹127,094.80 | ₹12,709.5 | ₹116,503.57 | ₹11,650.4 |
Quick Highlights
- Highest 24K/22K: Delhi posts the highest retail rates (24K: ₹129,543.40 per 10g; 22K: ₹118,748.12 per 10g).
- Lowest 24K/22K: Mumbai, Pune, Nagpur and Nashik show the lowest quoted rates in this set (24K: ₹123,382.90; 22K: ₹113,100.99 per 10g).
- Regional clustering: Many southern and western trade centres (Bangalore, Chennai, Hyderabad, Ahmedabad, Surat, Vadodara, Coimbatore, Visakhapatnam, Vijayawada, Mysore) share identical quoted levels, indicating similar dealer pricing and logistics in those markets.
- Notable spread: The 24K per‑10g spread between the highest (Delhi) and lowest (Mumbai/Pune group) is about ₹6,160.50, reflecting local premiums and dealer margins.
City Notes
- Delhi: Expect higher city premiums; important to check BIS hallmark and seller reputation.
- Mumbai: Typically competitive rates; compare making charges across neighbourhood jewellers.
- Bangalore: Stable retail quoting; check seasonal demand during local festivals and IT-related purchases.
- Chennai: Strong market for 22K traditional designs; verify gross weight and making charges.
- Hyderabad: Good availability of traditional 22K pieces; ask for hallmark and paperwork for buy-back.
- Kolkata: Jewellery designs often use 22K; confirm piece purity and invoice details.
- Ahmedabad: Large gold trade hub; bargains possible but verify hallmark and net weight.
- Pune: Rates align with Mumbai; watch out for high making charges on designer items.
- Surat: Strong manufacturing base—ask for workmanship guarantees and hallmarking.
- Jaipur: Higher quoted rates reflect local demand and tourism premiums for some designs.
- Nagpur: Competitive pricing similar to Mumbai; check buy-back policies for resale.
- Nashik: Matches lower Maharashtra pricing band; confirm hallmark and net weight on invoice.
- Vadodara: Regional pricing similar to Gujarat trade centres; confirm purity and making rates.
- Coimbatore: Active retail market; preferred for traditional South Indian jewellery patterns.
- Visakhapatnam: Rates mirror southern cities; check availability of certified pieces for investment buys.
- Vijayawada: Strong local demand—ask for BIS hallmark and compare margins between stores.
- Mysore: Typical southern pricing band; inquire about making charges on intricately crafted items.
What Drives Today’s Prices
- Global spot gold moves — international bullion prices and London/COMEX sessions set the base.
- INR/USD exchange rate — a weaker rupee raises domestic rupee prices for the same dollar‑denominated bullion level.
- Local premiums and dealer margins — transportation, inventory and regional demand create city‑level variations.
- MCX futures and local trading — domestic futures sentiment and intra‑day MCX cues influence retail quotes.
- Import duties, taxes and regulatory costs — these add to landed cost and influence retail pricing structures.
- Seasonal demand (festivals, weddings) — increased local buying can lift retail premiums above baseline rates.
Buyer Tips
- Prefer BIS hallmark: Always buy BIS‑hallmarked gold (markings indicate gold purity and assaying).
- Verify karatage: 24K is pure (higher purity), 22K is alloyed (more durable). Choose based on use—investment vs daily wear.
- Make‑up of the bill: Compare making charges, wastage, GST and final net payable amount; making charges vary widely by retailer and design.
- Check buy‑back and exchange terms: Ask for written buy‑back rates and deductions to understand resale value.
- Demand invoice and assay proof: Keep invoices and hallmark documentation for future resale or claims.
FAQs
- Q: Do these rates change through the day? A: Yes. Retail quotes follow global spot prices, MCX moves and the INR exchange rate — they can change intra‑day.
- Q: What do 22K and 24K marks mean? A: 24K (999) is near‑pure gold; 22K (916) is alloyed for strength. Hallmarks show exact purity; always verify the stamped karat number.
- Q: Are making charges fixed? A: No. Making charges vary by design complexity, jeweller and city — compare and get a written breakup before purchase.
- Q: When is the best time to buy? A: There is no guaranteed “best” time; some buyers monitor spot/MCX dips and avoid festival/wedding peaks when premiums rise. Prioritise certified sellers and transparent pricing.
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.

