Gold prices on November 6 vary modestly across Indian cities, with 24K rates ranging from about ₹1.23 lakh to ₹1.29 lakh per 10 grams and 22K roughly between ₹1.13 lakh and ₹1.19 lakh per 10 grams. This report covers retail prices in Ahmedabad, Pune, Jaipur, Nashik, Coimbatore, Vijayawada and other major centres included below, plus practical buyer notes, factors driving prices and tips to help retail purchasers compare offers and avoid common pitfalls.
City-wise Gold Prices
| City | 24K (per 10g) | 24K (per g) | 22K (per 10g) | 22K (per g) |
|---|---|---|---|---|
| Delhi | ₹130,127.50 | ₹13,012.8 | ₹119,283.54 | ₹11,928.4 |
| Mumbai | ₹123,634.90 | ₹12,363.5 | ₹113,331.99 | ₹11,333.2 |
| Bangalore | ₹127,679.00 | ₹12,767.9 | ₹117,039.08 | ₹11,703.9 |
| Chennai | ₹127,679.00 | ₹12,767.9 | ₹117,039.08 | ₹11,703.9 |
| Hyderabad | ₹127,679.00 | ₹12,767.9 | ₹117,039.08 | ₹11,703.9 |
| Kolkata | ₹127,679.00 | ₹12,767.9 | ₹117,039.08 | ₹11,703.9 |
| Ahmedabad | ₹127,673.80 | ₹12,767.4 | ₹117,034.32 | ₹11,703.4 |
| Pune | ₹123,634.90 | ₹12,363.5 | ₹113,331.99 | ₹11,333.2 |
| Surat | ₹127,673.80 | ₹12,767.4 | ₹117,034.32 | ₹11,703.4 |
| Jaipur | ₹129,295.50 | ₹12,929.6 | ₹118,520.88 | ₹11,852.1 |
| Nagpur | ₹123,634.90 | ₹12,363.5 | ₹113,331.99 | ₹11,333.2 |
| Nashik | ₹123,634.90 | ₹12,363.5 | ₹113,331.99 | ₹11,333.2 |
| Vadodara | ₹127,673.80 | ₹12,767.4 | ₹117,034.32 | ₹11,703.4 |
| Coimbatore | ₹127,679.00 | ₹12,767.9 | ₹117,039.08 | ₹11,703.9 |
| Visakhapatnam | ₹127,679.00 | ₹12,767.9 | ₹117,039.08 | ₹11,703.9 |
| Vijayawada | ₹127,679.00 | ₹12,767.9 | ₹117,039.08 | ₹11,703.9 |
| Mysore | ₹127,679.00 | ₹12,767.9 | ₹117,039.08 | ₹11,703.9 |
Quick Highlights
- Highest 24K: Jaipur at ₹129,295.50 per 10g; Lowest 24K: Mumbai/Pune/Nagpur/Nashik at ₹123,634.90 per 10g.
- Most cities cluster around ₹127,674–₹127,679 per 10g for 24K, indicating narrow regional premiums in many centres.
- The inter-city 24K spread is roughly ₹5,660 per 10g and around ₹5,950 per 10g for 22K — notable but not extreme for India’s retail market.
City Notes
- Delhi: Strong retail demand; expect standard hallmarking and slightly higher discretionary premiums on jewellery designs.
- Mumbai: Competitive rates from large chains—shop around for lower making charges.
- Bangalore: Consistent city rate; sizeable organised retail presence with reliable hallmarking.
- Chennai: Jewellery brands often run seasonal offers—compare making charges carefully.
- Hyderabad: Traditional designs attract premium charges; insist on BIS hallmark for ornaments.
- Kolkata: Expect conventional gold designs with transparent hallmarking at established jewellers.
- Ahmedabad: Strong local demand; negotiated rates on plain gold jewellery possible at large stores.
- Pune: Prices mirror Mumbai; good competition among chains and local retailers.
- Surat: Trade hub influence keeps premiums moderate—check for certified invoices.
- Jaipur: Highest 24K listed—tourist and design premiums can lift retail bills.
- Nagpur: Rates aligned with Maharashtra hubs; compare making charges for bespoke pieces.
- Nashik: Similar to nearby markets—local jewellers may offer buyback options.
- Vadodara: Trade-linked pricing with Gujarat markets; hallmarking common among reputable shops.
- Coimbatore: Strong regional demand for bridal jewellery—ask about wastage and making rate slabs.
- Visakhapatnam: Local retailers often provide negotiation room on making charges.
- Vijayawada: Active demand pockets for traditional designs; verify purity marks.
- Mysore: Stable retail pricing; trusted local jewellers commonly adhere to BIS standards.
What Drives Today’s Prices
- Global spot gold: International bullion prices set the base for domestic rates.
- INR/USD movements: A weaker rupee raises rupee gold prices even if international bullion is steady.
- Import duty & taxes: Customs duty and GST influence retail pricing and margins for jewellers.
- MCX and futures cues: Domestic futures activity and short-term trading alter intra-day retail quotes.
- Local demand & seasonality: Festivals, weddings and regional demand pockets push up premiums and making charges.
Buyer Tips
- Prefer BIS hallmark: Always buy hallmark-certified gold (hallmark indicates purity and weight verification).
- 24K vs 22K: 24K is pure but softer; 22K (about 91.7% gold) is more durable for everyday jewellery.
- Making charges & wastage: These vary widely by design and shop—ask for a written breakup before purchase.
- Check buy-back & invoice: Confirm buy-back policy, certificate details (purity, gross/net weight) and tax invoicing.
FAQs
- Q: How often do retail rates change? A: Rates can change intra-day with bullion and currency moves; jewellers usually update prices several times a day.
- Q: How do I verify purity? A: Look for the BIS hallmark (karat and jeweller’s mark) and ask for a purity certificate on the invoice.
- Q: Are making charges negotiable? A: Yes—making charges are not fixed by law and can be negotiated, especially for plain items or higher-value purchases.
- Q: When is the best time to buy gold? A: Financially, buy when international spot gold is lower and the rupee is stronger; from a practical perspective, buy when you find transparent pricing and acceptable making charges.
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.