Gold rates across major Indian cities show modest variation on November 8, with Delhi quoting the highest 24K and 22K retail levels among the headline markets and Mumbai posting the lowest. This snapshot covers Mumbai, Bengaluru (Bangalore), Chennai, Hyderabad, New Delhi (Delhi) and Kolkata, giving per‑10g and per‑gram retail quotations to help buyers compare immediate city premiums and plan purchases or sales.
City-wise Gold Prices (November 8, 2025)
| City | 24K (per 10g) | 24K (per g) | 22K (per 10g) | 22K (per g) |
|---|---|---|---|---|
| New Delhi | ₹130,061.70 | ₹13,006.2 | ₹119,223.23 | ₹11,922.3 |
| Mumbai | ₹123,476.50 | ₹12,347.7 | ₹113,186.79 | ₹11,318.7 |
| Bengaluru | ₹127,613.10 | ₹12,761.3 | ₹116,978.68 | ₹11,697.9 |
| Chennai | ₹127,613.10 | ₹12,761.3 | ₹116,978.68 | ₹11,697.9 |
| Hyderabad | ₹127,613.10 | ₹12,761.3 | ₹116,978.68 | ₹11,697.9 |
| Kolkata | ₹127,613.10 | ₹12,761.3 | ₹116,978.68 | ₹11,697.9 |
Quick Highlights
- Delhi posts the highest retail quote for both 24K (₹130,061.70/10g) and 22K (₹119,223.23/10g).
- Mumbai shows the lowest rates among headline cities: 24K at ₹123,476.50/10g and 22K at ₹113,186.79/10g.
- Most southern and eastern metros (Bengaluru, Chennai, Hyderabad, Kolkata) cluster closely around ₹127,613/10g for 24K and ₹116,979/10g for 22K, indicating relatively uniform local premiums there.
- The headline-market spread for 24K between highest and lowest is about ₹6,585 per 10g — significant enough to affect large purchases.
City Notes
- New Delhi: Expect slightly higher retail premiums — check multiple jewellers and ask for BIS hallmark details before paying a premium.
- Mumbai: Competitive market with lower displayed rates; confirm buy‑back and invoice terms as local retailers often offer softer resale quotes.
- Bengaluru: Strong demand pockets for lightweight jewellery and certified pieces; insist on clear karat marking.
- Chennai: Jewellery with traditional designs may carry higher making charges — compare on like‑for‑like designs.
- Hyderabad: Local craftsmanship and branded stores can add premium — verify hallmark and net weight on invoice.
- Kolkata: Rates are close to regional peers; ask about wastage and labour components particularly for antique or heavy pieces.
What Drives Today’s Prices
- Global spot gold: International bullion rates set the base for domestic retail prices, reacting to risk sentiment and central-bank activity.
- INR/USD moves: A weaker rupee raises local rupee prices for the same dollar‑denominated gold level; a stronger rupee eases prices.
- Import and tax structure: Import costs, duties and applicable taxes influence base landed cost and retail markups.
- Domestic MCX futures: Local exchange trends provide intraday cues to retailers and traders, affecting displayed retail quotes.
- Local demand and festival seasonality: Higher jewellery demand in specific cities or seasons can raise retailer premiums and making charges.
Buyer Tips
- Prefer BIS hallmark: Always buy pieces with the BIS hallmark and check the karat stamp (24K/22K) and jeweller’s ID on the invoice.
- 24K vs 22K: 24K is pure and preferred for bullion and traditional bars/coins; 22K is common for jewellery (more durable) — choose based on use.
- Making charges and wastage: These are separate from metal price and vary widely by design and store — negotiate and get written breakdowns.
- Buy‑back and resale: Check the jeweller’s buy‑back policy, deductions, and whether buy‑back is tied to invoice or current market rates.
- Documentation: Get a detailed invoice showing gross weight, net gold weight, hallmark, making charges, and GST/other taxes where applicable.
FAQs
- Q: Are these rates the price I pay in-store?
A: These are retail gold rates per 10g quoted for the day; the final bill includes making charges, any local premiums and taxes, so the in‑store price may be higher. - Q: How do I verify purity?
A: Look for the BIS hallmark and karat stamp (e.g., 22K or 24K) on the item and ask for a signed invoice with jeweller details. - Q: What are making charges?
A: Making charges are labour and design fees added on top of metal cost; they vary by design complexity and retailer and are often non‑negotiable for branded pieces. - Q: When is a good time to buy?
A: Short‑term timing depends on international prices and rupee strength; for needs tied to occasions consider comparing multiple jewellers, watching MCX/spot trends and avoiding peak festival markups if possible.
Other Major Cities
| City | 24K (10g) / 22K (10g) |
|---|---|
| Ahmedabad | ₹127,608.00 / ₹116,974.00 |
| Pune | ₹123,476.50 / ₹113,186.79 |
| Surat | ₹127,608.00 / ₹116,974.00 |
| Jaipur | ₹129,155.60 / ₹118,392.63 |
| Nagpur | ₹123,476.50 / ₹113,186.79 |
| Nashik | ₹123,476.50 / ₹113,186.79 |
| Vadodara | ₹127,608.00 / ₹116,974.00 |
| Coimbatore | ₹127,613.10 / ₹116,978.68 |
| Visakhapatnam | ₹127,613.10 / ₹116,978.68 |
| Vijayawada | ₹127,613.10 / ₹116,978.68 |
| Mysore | ₹127,613.10 / ₹116,978.68 |
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.