Snapshot: Gold prices across major Indian cities are steady on November 16, with 24K rates ranging from around ₹126,557 to ₹132,133 per 10 grams and 22K quotes between roughly ₹116,011 and ₹121,947 per 10 grams. This report covers prominent retail markets including Delhi, Mumbai, Bangalore, Chennai, Hyderabad, Kolkata, Ahmedabad, Pune, Jaipur, Nashik, Coimbatore and Vijayawada, giving city-level 10g and per‑gram figures to help buyers compare purity and local pricing before purchase.
City-wise Gold Prices
| City | 24K (per 10g) | 24K (per g) | 22K (per 10g) | 22K (per g) |
|---|---|---|---|---|
| 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 |
| Bangalore | ₹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 |
| Ahmedabad | ₹130,579.00 | ₹13,057.9 | ₹119,697.42 | ₹11,969.7 |
| Pune | ₹126,557.10 | ₹12,655.7 | ₹116,010.67 | ₹11,601.1 |
| Surat | ₹130,579.00 | ₹13,057.9 | ₹119,697.42 | ₹11,969.7 |
| Jaipur | ₹132,132.50 | ₹13,213.3 | ₹121,121.46 | ₹12,112.1 |
| Nagpur | ₹126,557.10 | ₹12,655.7 | ₹116,010.67 | ₹11,601.1 |
| Nashik | ₹126,557.10 | ₹12,655.7 | ₹116,010.67 | ₹11,601.1 |
| Vadodara | ₹130,579.00 | ₹13,057.9 | ₹119,697.42 | ₹11,969.7 |
| Coimbatore | ₹130,584.10 | ₹13,058.4 | ₹119,702.09 | ₹11,970.2 |
| Visakhapatnam | ₹130,584.10 | ₹13,058.4 | ₹119,702.09 | ₹11,970.2 |
| Vijayawada | ₹130,584.10 | ₹13,058.4 | ₹119,702.09 | ₹11,970.2 |
| Mysore | ₹130,584.10 | ₹13,058.4 | ₹119,702.09 | ₹11,970.2 |
Quick Highlights
- Highest 24K: Jaipur at ₹132,132.50 per 10g; Lowest 24K: Mumbai/Pune/Nagpur/Nashik at ₹126,557.10 per 10g.
- Highest 22K: Delhi at ₹121,946.73 per 10g; Lowest 22K: Mumbai/Pune/Nagpur/Nashik at ₹116,010.67 per 10g.
- Most cities cluster tightly around ₹130,579–130,584 per 10g for 24K and ~₹119,697–119,702 per 10g for 22K, reflecting narrow regional retail spreads today.
- Typical 24K–22K gap is roughly ₹10,500–₹11,100 per 10g, driven by purity difference and local pricing conventions.
City Notes
- Delhi: Large jewellery hubs; compare shop-to-shop and insist on BIS hallmark for resale value.
- Mumbai: Competitive pricing; Mumbai often shows lower retail premiums.
- Bangalore: Strong demand for lightweight and designer 22K pieces; check making charges.
- Chennai: High demand for traditional 22K jewellery; negotiate making charges on heavier designs.
- Hyderabad: Popular for both 22K bridal jewellery and 24K coins — confirm purity certificates.
- Kolkata: Established hallmarking acceptance; ask for BIS stamp and invoice with karat detail.
- Ahmedabad: Active local markets; verify buy-back policy before large purchases.
- Pune: Tight pricing with Mumbai; compare making charges across neighbourhoods.
- Surat: Centre for manufacturing — favourable designs and sometimes lower labour premiums.
- Jaipur: Premium on certain handcrafted pieces; confirm wastage charges for bespoke orders.
- Nagpur: Prices aligned with major western markets; insist on clear billing.
- Nashik: Competitive retail scene; festival demand can push premiums up.
- Vadodara: Regional demand steady; verify discounts for bulk/coin purchases.
- Coimbatore: Jewellery consumption is steady; shop for verified hallmark sellers.
- Visakhapatnam: Local jewellers follow national rates closely; check for seasonal offers.
- Vijayawada: Bridal demand drives 22K sales — factor in higher making charges for heavy work.
- Mysore: Trusted retail shops available; seek written purity/making-charge details.
What Drives Today’s Prices
- Global spot gold: International bullion prices set the base for domestic quotes.
- INR–USD moves: A stronger rupee can soften domestic gold rates; weakness tends to lift them.
- Import duties & taxes: Duties, GST and local levies form part of retail pricing and affect spreads.
- MCX futures & domestic cues: Indian futures influence short-term retail sentiment and shop-level price adjustments.
- Local demand & seasonality: Festivals, weddings and liquidity needs of sellers/jewellers change premiums and buy-back offers.
Buyer Tips
- Prefer BIS hallmark: Always ask for the BIS hallmark and the karat/purity stamp on the invoice.
- 24K vs 22K: 24K is pure and softer — better for coins/temple gold; 22K (91.6%) is more durable for daily-wear jewellery.
- Making charges & wastage: These are shop-specific and may exceed metal cost for intricate work — seek a written breakup.
- Compare buy-back terms: Check if the store offers buy-back, the valuation method, and deductions for making charges.
- Invoice & certification: Insist on a detailed invoice showing gross weight, net/gross, stone value (if any), and hallmark details.
FAQs
- Q: Are these daily retail rates fixed across all jewellers?
A: No. These are indicative city-level rates; individual jewellers may add varying premiums and making charges. - Q: How do I confirm gold purity?
A: Look for the BIS hallmark and karat mark (e.g., 22K, 24K) on the piece and cross-check the invoice. - Q: What are making charges and how are they applied?
A: Making charges are labour/design fees charged per gram or as a fixed amount; they differ by shop, design complexity and negotiation. - Q: When is the best time to buy gold?
A: Prices can be marginally lower on weekdays and outside peak festival/wedding seasons; monitor global spot and local premiums and compare shops.
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.

