Gold prices today (November 7) show India’s usual city-to-city variation as local premiums, state taxes and demand pockets shape retail rates. This bulletin covers Mumbai, Bengaluru, Chennai, Hyderabad, New Delhi, Kolkata and other major cities, giving 24K and 22K retail rates per 10 grams (and per gram). Use these as a snapshot for comparison — remember jewellers may add making charges and apply different buy-back or exchange policies.
City-wise Gold Prices (November 7, 2025)
| City | 24K (per 10g) | 24K (per g) | 22K (per 10g) | 22K (per g) |
|---|---|---|---|---|
| New Delhi | ₹130,246.80 | ₹13,024.7 | ₹119,392.90 | ₹11,939.3 |
| Mumbai | ₹123,746.00 | ₹12,374.6 | ₹113,433.83 | ₹11,343.4 |
| Bengaluru | ₹127,798.30 | ₹12,779.8 | ₹117,148.44 | ₹11,714.8 |
| Chennai | ₹127,798.30 | ₹12,779.8 | ₹117,148.44 | ₹11,714.8 |
| Hyderabad | ₹127,798.30 | ₹12,779.8 | ₹117,148.44 | ₹11,714.8 |
| Kolkata | ₹127,798.30 | ₹12,779.8 | ₹117,148.44 | ₹11,714.8 |
Quick Highlights
- Highest 24K rate: New Delhi at ₹130,246.80 per 10g; Lowest 24K rate: Mumbai/Pune/Nagpur/Nashik cluster at ₹123,746.00 (see Other Cities).
- Several southern and eastern centres (Bengaluru, Chennai, Hyderabad, Kolkata) share identical retail quotes today, indicating similar local premiums and dealer sourcing.
- The 22K–24K spread across cities is roughly ₹10,000–11,000 per 10g in most places; city-to-city differences can be ₹4,000–6,500 per 10g between highest and lowest.
City Notes
- New Delhi: Expect slightly higher premiums; check hallmark and GST invoice when buying at metro stores.
- Mumbai: Competitive market with frequent promotional discounts; verify maker’s charges and buy-back policy.
- Bengaluru: Steady demand from IT and retail buyers; many shops offer BIS-hallmarked pieces at modest premiums.
- Chennai: Traditional designs drive demand; compare making charges for intricate temple jewellery.
- Hyderabad: Demand for lightweight 22K and bespoke 18–22K designs; negotiate wastage and making charges.
- Kolkata: Jewellery culture keeps steady footfall; ask for hallmark certificates on gold jewellery above threshold weights.
- Ahmedabad: Active local trade—check city-specific premiums and hallmarking before purchase.
- Pune: Competitive pricing tied to Mumbai rates; confirm GST and invoice clarity for future buy-back.
- Surat: Manufacturing hub—some retailers offer lower making charges but verify purity and hallmark.
- Jaipur: Premiums can be higher for gemstone-set and traditional pieces; insist on BIS and invoice details.
- Nagpur: Generally aligned with Mumbai pricing; compare quotes across jewellers for better making rates.
- Nashik: Local dealers often match metro rates—validate hallmark and karat marking on pieces.
- Vadodara: Similar to Ahmedabad/Surat—check for manufacturer discounts and hallmark certificates.
- Coimbatore: Regional demand for 22K jewellery—confirm wastage policies and making charges for bridal sets.
- Visakhapatnam: Prices follow southern hubs; ensure GST invoice and BIS hallmark documentation.
- Vijayawada: Active retail segment—ask for labour charges and hallmark details before finalising.
- Mysore: Traditional buyer base; compare jewellers on making charges for best value.
What Drives Today’s Prices
- Global spot gold: International bullion moves set the base for domestic quotes.
- INR–USD exchange: A weaker rupee raises import cost, lifting retail prices; a stronger rupee eases pressure.
- Import duty & taxes: Customs duty and GST influence landed cost and dealer pricing strategies.
- MCX and domestic futures: Local futures cues shape near-term retail adjustments by traders and jewellers.
- Local demand & festivals: Seasonal buying, weddings and festivals cause short-term premiums and stock adjustments.
Buyer Tips
- Prefer BIS hallmark; always verify the stamp for karatage (22K/24K) and the jeweller’s hallmark ID on the invoice.
- 24K vs 22K: 24K is purer but softer and more prone to wear; 22K is commonly used for retail jewellery for durability.
- Making charges and wastage: These are separate from metal price and vary by design—get a breakdown in writing before payment.
- Buy-back & invoice: Check buy-back terms, weight tolerance, and ensure a clear GST invoice and hallmark certificate for resale or insurance.
FAQs
- Q: Do these rates change during the day? A: Yes. Retail quotes can be updated multiple times as MCX/futures and global spot move, or as the rupee fluctuates.
- Q: How do I identify 22K vs 24K jewellery? A: Look for the BIS hallmark and karat stamp (e.g., “22K” or “24K”) on the piece and check the invoice for matching details.
- Q: What are making charges? A: Making charges are labour/design fees set by the jeweller—these are not linked to daily gold rates and can be negotiated for plain, lighter pieces.
- Q: When is the best time to buy gold? A: From a price standpoint, buy when global spot gold is lower and the rupee is stable/strong; for value, compare making charges and buy during non-peak days to avoid festival premiums.
Other Major Cities
| City | 24K (10g) / 22K (10g) |
|---|---|
| Ahmedabad | ₹127,793.10 / ₹117,143.68 |
| Pune | ₹123,746.00 / ₹113,433.83 |
| Surat | ₹127,793.10 / ₹117,143.68 |
| Jaipur | ₹129,371.60 / ₹118,590.63 |
| Nagpur | ₹123,746.00 / ₹113,433.83 |
| Nashik | ₹123,746.00 / ₹113,433.83 |
| Vadodara | ₹127,793.10 / ₹117,143.68 |
| Coimbatore | ₹127,798.30 / ₹117,148.44 |
| Visakhapatnam | ₹127,798.30 / ₹117,148.44 |
| Vijayawada | ₹127,798.30 / ₹117,148.44 |
| Mysore | ₹127,798.30 / ₹117,148.44 |
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.