Snapshot: Gold rates for retail buyers across major Indian cities on November 16 offer a mixed but clustered picture: New Delhi posts the highest quoted 24K and 22K per‑10g rates among headline cities, while Mumbai shows the lowest. Several southern and eastern centres quote identical retail rates, reflecting common wholesale sourcing and similar local premiums. This report covers prices in Mumbai, Bengaluru, Chennai, Hyderabad, New Delhi and Kolkata, plus other major urban centres — and gives quick buying guidance for retail customers.
City-wise Gold Prices (November 16, 2025)
| City | 24K (per 10g) | 24K (per g) | 22K (per 10g) | 22K (per g) |
|---|---|---|---|---|
| New Delhi | ₹133,032.80 | ₹13,303.3 | ₹121,946.73 | ₹12,194.7 |
| Mumbai | ₹126,557.10 | ₹12,655.7 | ₹116,010.67 | ₹11,601.1 |
| Bengaluru | ₹130,584.10 | ₹13,058.4 | ₹119,702.09 | ₹11,970.2 |
| Chennai | ₹130,584.10 | ₹13,058.4 | ₹119,702.09 | ₹11,970.2 |
| Hyderabad | ₹130,584.10 | ₹13,058.4 | ₹119,702.09 | ₹11,970.2 |
| Kolkata | ₹130,584.10 | ₹13,058.4 | ₹119,702.09 | ₹11,970.2 |
Quick Highlights
- Highest quoted 24K (headline cities): New Delhi at ₹133,032.80 per 10g; lowest: Mumbai at ₹126,557.10 per 10g.
- 22K rates mirror the 24K pattern: New Delhi highest (₹121,946.73/10g) and Mumbai lowest (₹116,010.67/10g).
- Several cities (Bengaluru, Chennai, Hyderabad, Kolkata) share identical retail quotes, indicating uniform wholesale pricing or similar local premiums.
- Spread between New Delhi and Mumbai 24K quotes is about ₹6,475.70 per 10g — a meaningful difference for larger purchases.
City Notes
- New Delhi: Wide dealer network and active retail demand — check making charges as they can add significantly to the invoice.
- Mumbai: Competitive market with frequent price alignment among leading jewellers — compare buy‑back and exchange terms.
- Bengaluru: Strong organised retail presence; hallmarking compliance generally high — still confirm BIS marks on purchase.
- Chennai: Traditional jewellery hubs may levy higher making charges for bespoke temple designs — ask for a written breakdown.
- Hyderabad: Good availability of both 22K and 24K articles; negotiate making charges on heavier pieces.
- Kolkata: Classic gold jewellery demand keeps markets active—verify serialised hallmarks and invoice details at purchase.
What Drives Today’s Prices
- Global spot gold: International bullion benchmarks set the base price that local rates build on.
- INR/USD moves: A stronger rupee typically eases import cost pressure; a weaker rupee lifts local rupee‑priced gold.
- Import duty and taxes: Customs duty, GST on making charges and other levies directly affect retail outlays.
- MCX (domestic futures) cues: Activity on the Multi Commodity Exchange can influence short‑term retail pricing.
- Local demand and seasonal buying: Festivals, weddings and regional demand pockets affect premiums and making charges.
Buyer Tips
- Prefer BIS hallmark: Insist on a BIS hallmark certificate and verify karatage (22K vs 24K) on the invoice.
- 24K vs 22K: 24K is pure but softer; 22K is alloyed for durability — choose based on use (investment vs everyday wear).
- Making charges and wastage: These are variable and often non‑negotiable for branded designs — request a clear written breakup before payment.
- Check buy‑back and invoice terms: Ask about buy‑back rates, resale policies and whether GST is included in the quoted price.
FAQs
- Q: Do these rates change during the day? A: Yes — retail quotes can change intraday with international spot moves and currency fluctuations; confirm at time of payment.
- Q: How can I be sure of purity? A: Look for BIS hallmark stamps and a detailed invoice showing karatage; independent assay is an option for high‑value buys.
- Q: Are making charges included in these rates? A: No — the quoted 10g rates reflect metal price only; making charges, design premiums and taxes are additional.
- Q: When is the best time to buy? A: There’s no guaranteed “best” time; monitor spot and currency trends, consider festival/seasonal discounts, and compare quotes from multiple jewellers.
Other Major Cities
| City | 24K (10g) / 22K (10g) |
|---|---|
| Ahmedabad | ₹130,579.00 / ₹119,697.42 |
| Pune | ₹126,557.10 / ₹116,010.67 |
| Surat | ₹130,579.00 / ₹119,697.42 |
| Jaipur | ₹132,132.50 / ₹121,121.46 |
| Nagpur | ₹126,557.10 / ₹116,010.67 |
| Nashik | ₹126,557.10 / ₹116,010.67 |
| Vadodara | ₹130,579.00 / ₹119,697.42 |
| Coimbatore | ₹130,584.10 / ₹119,702.09 |
| Visakhapatnam | ₹130,584.10 / ₹119,702.09 |
| Vijayawada | ₹130,584.10 / ₹119,702.09 |
| Mysore | ₹130,584.10 / ₹119,702.09 |
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.