Snapshot: Gold rates across 17 cities on November 7 show a narrow band between top and lower retail quotes for both 24K and 22K jewellery. This report covers prices in Ahmedabad, Pune, Jaipur, Nashik, Coimbatore, Vijayawada and other major centres, giving per-10g retail levels and per-gram equivalents to help buyers compare quickly. Read on for quick highlights, concise city notes, factors affecting rates and practical tips for retail purchasers.
City-wise Gold Prices
| City | 24K (per 10g) | 24K (per g) | 22K (per 10g) | 22K (per g) |
|---|---|---|---|---|
| Delhi | ₹130,246.80 | ₹13,024.7 | ₹119,392.90 | ₹11,939.3 |
| Mumbai | ₹123,746.00 | ₹12,374.6 | ₹113,433.83 | ₹11,343.4 |
| Bangalore | ₹127,798.30 | ₹12,779.8 | ₹117,148.44 | ₹11,714.8 |
| Chennai | ₹127,798.30 | ₹12,779.8 | ₹117,148.44 | ₹11,714.8 |
| Hyderabad | ₹127,798.30 | ₹12,779.8 | ₹117,148.44 | ₹11,714.8 |
| Kolkata | ₹127,798.30 | ₹12,779.8 | ₹117,148.44 | ₹11,714.8 |
| Ahmedabad | ₹127,793.10 | ₹12,779.3 | ₹117,143.68 | ₹11,714.4 |
| Pune | ₹123,746.00 | ₹12,374.6 | ₹113,433.83 | ₹11,343.4 |
| Surat | ₹127,793.10 | ₹12,779.3 | ₹117,143.68 | ₹11,714.4 |
| Jaipur | ₹129,371.60 | ₹12,937.2 | ₹118,590.63 | ₹11,859.1 |
| Nagpur | ₹123,746.00 | ₹12,374.6 | ₹113,433.83 | ₹11,343.4 |
| Nashik | ₹123,746.00 | ₹12,374.6 | ₹113,433.83 | ₹11,343.4 |
| Vadodara | ₹127,793.10 | ₹12,779.3 | ₹117,143.68 | ₹11,714.4 |
| Coimbatore | ₹127,798.30 | ₹12,779.8 | ₹117,148.44 | ₹11,714.8 |
| Visakhapatnam | ₹127,798.30 | ₹12,779.8 | ₹117,148.44 | ₹11,714.8 |
| Vijayawada | ₹127,798.30 | ₹12,779.8 | ₹117,148.44 | ₹11,714.8 |
| Mysore | ₹127,798.30 | ₹12,779.8 | ₹117,148.44 | ₹11,714.8 |
Quick Highlights
- Highest 24K retail quote among these cities: Delhi at ₹130,246.80 per 10g.
- Lowest 24K retail quote in the list: Mumbai, Pune, Nagpur, Nashik at ₹123,746.00 per 10g.
- Most cities cluster around the ₹127,700–127,800 range for 24K, indicating tight retail pricing across regional markets today.
- 22K spreads mirror 24K distribution; Delhi shows the highest 22K quote (₹119,392.90/10g) while western Maharashtra cities show the lowest (₹113,433.83/10g).
City Notes
- Delhi: Expect slightly higher retail premiums and a wide choice of hallmark-certified jewellers in key markets.
- Mumbai: Competitive market — compare making charges and buy-back policies across stores.
- Bangalore: Premium designs and branded outlets can add higher making charges.
- Chennai: Strong local demand for traditional 22K jewellery — check weight-based pricing carefully.
- Hyderabad: Look for recognised BIS hallmarks on 22K temple and heritage designs.
- Kolkata: Established jewellers often list hallmark and GST details prominently — use that to compare net costs.
- Ahmedabad / Surat / Vadodara: Gujarat markets may offer competitive quotes but verify making charges on intricate pieces.
- Pune / Nagpur / Nashik: Consistently lower 24K/22K quoted here — still check store-specific premiums.
- Jaipur: Tourist and bridal demand can push premiums on certain designs — negotiate on making charges.
- Coimbatore / Mysore / Visakhapatnam / Vijayawada: Strong regional markets; confirm hallmark and return/buy-back clauses before purchase.
What Drives Today’s Prices
- Global spot gold: International bullion movements set the base for Indian retail quotes.
- INR/USD movement: A weaker rupee raises domestic rupee prices even if global gold is steady; the opposite holds if rupee strengthens.
- Import duty & taxes: Customs duty, GST and state-level charges factor into retail pricing and make local rates diverge.
- MCX and domestic futures: Exchange cues can influence retailer hedge costs and short-term pricing decisions.
- Local demand & seasonality: Festivals, weddings and regional demand pockets affect premiums and making charges.
Buyer Tips
- Prefer BIS hallmark: Always insist on BIS hallmark and a clear karat mark (22K/24K) on the invoice and the piece.
- 24K vs 22K: 24K is pure but softer (best for coins, bars); 22K is alloyed for durability and commonly used in jewellery — choose by use-case.
- Making charges & wastage: These are separate from metal price and can vary widely by design and store; get a written breakup.
- Buy-back & invoice: Check buy-back policies, invoice details and GST charges — these affect resale value later.
FAQs
- Q: Are the rates shown retail or wholesale?
A: These are retail quotes per 10g typically seen for jewellery; final bill will add making charges and GST. - Q: How do I verify purity?
A: Look for the BIS hallmark and karat stamp (22K/24K) on the jewellery and match it with the invoice. - Q: What are making charges?
A: Fees levied for labour/design; they vary by store and design complexity and are not part of the gold metal rate. - Q: Is there a best time of day to buy gold?
A: Prices change intra-day with global cues and the rupee; compare morning opening rates with later MCX updates and buy when both global gold and INR are favorable.
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.

