Gold prices today reflect a mixed picture across major Indian cities on November 4. This snapshot covers retail 24K and 22K rates in Delhi, Mumbai, Bangalore, Chennai, Hyderabad, Kolkata and a set of regional centres including Ahmedabad, Pune, Jaipur, Nashik, Coimbatore and Vijayawada. Rates shown are retail indicative prices per 10 grams; local jewellers may add making charges, GST and slightly different premiums depending on stock and demand. Use these citywise numbers as a starting point for buying or comparing offers.
City-wise Gold Prices: City,22k_10gm,24k_10gm
| City | 24K (per 10g) ₹ | 24K (per g) ₹ | 22K (per 10g) ₹ | 22K (per g) ₹ |
|---|---|---|---|---|
| Delhi | 130,383.60 | 13,038.4 | 119,518.30 | 11,951.8 |
| Mumbai | 123,862.20 | 12,386.2 | 113,540.35 | 11,354.0 |
| Bangalore | 127,935.10 | 12,793.5 | 117,273.84 | 11,727.4 |
| Chennai | 127,935.10 | 12,793.5 | 117,273.84 | 11,727.4 |
| Hyderabad | 127,935.10 | 12,793.5 | 117,273.84 | 11,727.4 |
| Kolkata | 127,935.10 | 12,793.5 | 117,273.84 | 11,727.4 |
| Ahmedabad | 127,929.90 | 12,793.0 | 117,269.07 | 11,726.9 |
| Pune | 123,862.20 | 12,386.2 | 113,540.35 | 11,354.0 |
| Surat | 127,929.90 | 12,793.0 | 117,269.07 | 11,726.9 |
| Jaipur | 129,507.40 | 12,950.7 | 118,715.12 | 11,871.5 |
| Nagpur | 123,862.20 | 12,386.2 | 113,540.35 | 11,354.0 |
| Nashik | 123,862.20 | 12,386.2 | 113,540.35 | 11,354.0 |
| Vadodara | 127,929.90 | 12,793.0 | 117,269.07 | 11,726.9 |
| Coimbatore | 127,935.10 | 12,793.5 | 117,273.84 | 11,727.4 |
| Visakhapatnam | 127,935.10 | 12,793.5 | 117,273.84 | 11,727.4 |
| Vijayawada | 127,935.10 | 12,793.5 | 117,273.84 | 11,727.4 |
| Mysore | 127,935.10 | 12,793.5 | 117,273.84 | 11,727.4 |
Quick Highlights
- Highest 24K and 22K: Delhi posts the highest retail rates today (24K ₹130,383.60 / 10g; 22K ₹119,518.30 / 10g).
- Lowest rates: Mumbai, Pune, Nagpur and Nashik show the lowest 24K (₹123,862.20 / 10g) and 22K (₹113,540.35 / 10g) among the listed cities.
- Tight clustering: Many southern and eastern centres (Bangalore, Chennai, Hyderabad, Kolkata, Coimbatore, Visakhapatnam, Vijayawada, Mysore) share identical retail rates, indicating similar local premiums.
- Spread: The gap between the highest and lowest 24K retail price is about ₹6,521.4 per 10g, reflecting location-based premiums and local market conditions.
City Notes
- Delhi: Expect slightly higher premiums and strict Hallmark/BIS checks at established jewellers; negotiate making charges.
- Mumbai: Competitive market with frequent offers; compare buy-back and making charge policies.
- Bangalore: Stable retail pricing; branded stores emphasize hallmark and certified invoices.
- Chennai: Popular for traditional jewellery; ask for detailed wastage/making charge break-up.
- Hyderabad: Strong gold demand pockets—expect standard premiums and good buy-back options.
- Kolkata: Traditional designs dominate; ensure BIS hallmark and GST invoice for resale.
- Ahmedabad: Local wholesalers influence retail premiums—shop around for competitive making charges.
- Pune: Price-sensitive market; check daily rate clocks at stores and online quotes.
- Surat: Labour-intensive jewellery production hub—some shops may offer better rates on plain jewellery.
- Jaipur: Premiums on designer and Kundan pieces can be high—compare across traders.
- Nagpur: Regional demand spikes around festivals; confirm hallmark and return policy.
- Nashik: Smaller market premiums; inspect invoices for making charge clarity.
- Vadodara: Jewellery craftsmanship is strong; check hallmark and assay certificates.
- Coimbatore: Readymade designs common—confirm net weight and wastage before purchase.
- Visakhapatnam: Retailers often match nearby metro rates; insist on BIS hallmark.
- Vijayawada: Local demand for temple jewellery; clarify purity and making charges.
- Mysore: Premiums similar to Bangalore; check for local festival-driven discounts.
What Drives Today’s Prices
- Global spot gold: International bullion prices set the base for domestic retail rates.
- INR/USD movements: A weaker rupee raises the rupee cost of imported gold; appreciation eases local prices.
- Import duties & taxes: Customs duty, IGST and other levies directly affect retail pricing and trading spreads.
- MCX futures cues: Domestic futures activity signals near-term price direction and retailer hedging costs.
- Local demand & inventory: Festival buying, wedding season demand and jeweller stock positions influence retailer premiums.
Buyer Tips
- Prefer BIS hallmark: Buy jewellery with a BIS hallmark and proper invoice showing purity and net weight.
- 24K vs 22K: 24K (999) is pure and softer—best for investment/gold bars; 22K (916) is more durable for daily-wear jewellery.
- Making charges & wastage: These are separate from metal rate and often non-negotiable; get a written breakdown and compare across shops.
- Buy-back & resale: Check jeweller buy-back policies and whether they pay based on gross weight or net gold content.
- Invoice matters: Ensure the bill shows gross weight, net gold weight, making charges, hallmark and GST for claims and resale.
FAQs
- Q: Are these rates final retail prices?
A: These are indicative city-level retail rates per 10g; jewellers may add making charges, GST and small premiums—confirm at point of sale. - Q: How can I verify purity?
A: Look for BIS hallmark stamps on the jewellery and check the invoice for karat (24K/22K) and net gold weight. - Q: What are making charges?
A: Making charges are the labour cost to craft jewellery; they vary by design complexity and are usually charged per gram or as a percentage. - Q: When is the best time to buy gold?
A: Short-term price timing is uncertain; consider buying during lower local premiums, on weekdays (lower footfall) and outside major festival/wedding seasons if you seek better deals.
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.

