Gold prices today, November 8: Retail rates for 24K and 22K gold across major Indian cities show a narrow band with some city-to-city variation driven by local premiums and exchange rate moves. This report covers Ahmedabad, Pune, Jaipur, Nashik, Coimbatore, Vijayawada and other headline centres, listing per-10g and per-gram rates for quick reference. Use these retail figures to compare local jewellers, factoring in hallmarking, making charges and buy-back policies before buying or selling.
City-wise Gold Prices: City,22k_10gm,24k_10gm
| City | 24K (per 10g) | 24K (per g) | 22K (per 10g) | 22K (per g) |
|---|---|---|---|---|
| Delhi | ₹130,061.70 | ₹13,006.2 | ₹119,223.23 | ₹11,922.3 |
| Mumbai | ₹123,476.50 | ₹12,347.7 | ₹113,186.79 | ₹11,318.7 |
| Bangalore | ₹127,613.10 | ₹12,761.3 | ₹116,978.68 | ₹11,697.9 |
| Chennai | ₹127,613.10 | ₹12,761.3 | ₹116,978.68 | ₹11,697.9 |
| Hyderabad | ₹127,613.10 | ₹12,761.3 | ₹116,978.68 | ₹11,697.9 |
| Kolkata | ₹127,613.10 | ₹12,761.3 | ₹116,978.68 | ₹11,697.9 |
| Ahmedabad | ₹127,608.00 | ₹12,760.8 | ₹116,974.00 | ₹11,697.4 |
| Pune | ₹123,476.50 | ₹12,347.7 | ₹113,186.79 | ₹11,318.7 |
| Surat | ₹127,608.00 | ₹12,760.8 | ₹116,974.00 | ₹11,697.4 |
| Jaipur | ₹129,155.60 | ₹12,915.6 | ₹118,392.63 | ₹11,839.3 |
| Nagpur | ₹123,476.50 | ₹12,347.7 | ₹113,186.79 | ₹11,318.7 |
| Nashik | ₹123,476.50 | ₹12,347.7 | ₹113,186.79 | ₹11,318.7 |
| Vadodara | ₹127,608.00 | ₹12,760.8 | ₹116,974.00 | ₹11,697.4 |
| Coimbatore | ₹127,613.10 | ₹12,761.3 | ₹116,978.68 | ₹11,697.9 |
| Visakhapatnam | ₹127,613.10 | ₹12,761.3 | ₹116,978.68 | ₹11,697.9 |
| Vijayawada | ₹127,613.10 | ₹12,761.3 | ₹116,978.68 | ₹11,697.9 |
| Mysore | ₹127,613.10 | ₹12,761.3 | ₹116,978.68 | ₹11,697.9 |
Quick Highlights
- Highest 24K retail: Delhi at ₹130,061.70 per 10g; Lowest 24K: Mumbai and Pune cluster lower around ₹123,476.50 per 10g.
- 22K rates mirror the 24K ranking; Delhi shows the top 22K asking price (₹119,223.23/10g) while western centres such as Mumbai, Pune, Nagpur, Nashik are at the lower end.
- Most cities are tightly clustered within a ~₹6,500 band for 24K per 10g, reflecting modest local-premium differences rather than volatile metal swings.
City Notes
- Delhi: Larger retail market with varied premiums — compare hallmarking and buy-back terms across neighbourhood jewellers.
- Mumbai: Competitive pricing in many retail channels; central markets often offer lower making charges on standard designs.
- Bangalore: Strong demand for lightweight and designer 22K pieces; check for consistent BIS hallmarks on small items.
- Chennai: Traditional buying season supports steady demand—confirm wastage and making charges upfront for temple jewellery.
- Hyderabad: Premiums on intricate craftsmanship can push final bills up; insist on itemized invoices.
- Kolkata: Established jewellers often maintain transparent hallmarking — verify carat marks and GST on making charges.
- Ahmedabad: Local trading hubs may give marginally better rates; however, branded showrooms add predictable buy-back policies.
- Pune: Lower quoted rates in many outlets—compare per-gram and making-charge combinations before purchase.
- Surat: Strong manufacturing base; good bargaining scope on custom jewellery but demand for certified purity persists.
- Jaipur: Traditional and tourist demand pushes ornate 22K sales—check for higher making charges on bespoke work.
- Nagpur: Regional price alignment with Maharashtra averages — verify hallmark and weight in the bill for resale clarity.
- Nashik: Often follows Mumbai/Pune pricing patterns; small-town premiums can vary by neighbourhood.
- Vadodara: Jewellery hubs offer competitive designs — confirm hallmark and ask for weight tolerance limits in writing.
- Coimbatore: Mix of traditional and modern demand; small retailers may levy higher wastage on intricate pieces.
- Visakhapatnam: Coastal demand cycles influence local premiums; compare offers during festival windows.
- Vijayawada: Regional buying patterns mean simple designs have better buy-back acceptance than heavy custom pieces.
- Mysore: Heritage jewellery demand can increase making charges — always request a breakup of gold, making and taxes.
What Drives Today’s Prices
- Global spot gold: International bullion levels set the base price that Indian retail follows after conversion and premiums.
- INR/USD moves: A weaker rupee raises local rupee prices even if dollar gold is flat; intraday FX swings can change quotes.
- Import duties & taxes: Customs duty, GST and local levies affect final retail; these are reflected in making charges and overall bills.
- MCX futures and domestic liquidity: Exchange cues and dealer positions help form local wholesale rates that retailers use for retail pricing.
- Local demand & seasonal factors: Festivals, weddings and regional preferences influence premiums and making charges charged by jewellers.
Buyer Tips
- Prefer BIS hallmark: Insist on the BIS hallmark (and jeweller’s stamp) to validate purity and ensure easier resale or buy-back.
- 24K vs 22K: 24K is pure but soft — ideal for investment bars/coins; 22K is alloyed for durability and is the common choice for daily-wear jewellery.
- Making charges & wastage: These can exceed metal cost in ornate pieces; seek an itemised invoice showing metal, making, GST and any discounts.
- Buy-back and resale: Clarify buy-back rates, documentation required and whether the jeweller pays based on gross weight or net gold content.
- Karats and marks: Verify the karat (22K/24K) stamped on the piece and match it with the invoice — discrepancies are grounds to reject the sale.
FAQs
- Q: Are these rates retail or wholesale?
A: These are retail asking rates per 10g for 24K and 22K as quoted in listed cities; final bills also include making charges, GST and any local premiums. - Q: How do I confirm purity at purchase?
A: Look for the BIS hallmark and karat stamp on the piece, keep the invoice and request any assay documentation if available. - Q: Why do making charges vary so much?
A: Making charges depend on design complexity, local labour costs and store policies; branded showrooms typically charge more but offer standardized buy-back terms. - Q: Is there a best time of day or month to buy?
A: Prices change intraday with global markets and FX; for retail buyers, off-peak hours and comparison shopping across stores often yield better negotiated rates; avoid buying on days of sharp international rallies without checking updated quotes.
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.