Gold prices in India on October 11 show modest variation across major regional centres, with this report covering Ahmedabad, Pune, Jaipur, Nashik, Coimbatore, Vijayawada and other headline cities. Retail 24K and 22K rates are quoted per 10 grams (with per-gram equivalents) so buyers can compare costs quickly. The intra-city spread is relatively narrow in many markets, but Delhi remains at the top end for both 24K and 22K. Check the table below for precise city-wise quotes before making a purchase or sale.
City-wise Gold Prices
| City | 24K (per 10g) | 24K (per g) | 22K (per 10g) | 22K (per g) |
|---|---|---|---|---|
| Delhi | ₹132,148.50 | ₹13,214.9 | ₹121,136.13 | ₹12,113.6 |
| Mumbai | ₹125,683.70 | ₹12,568.4 | ₹115,210.06 | ₹11,521.0 |
| Bangalore | ₹129,700.00 | ₹12,970.0 | ₹118,891.67 | ₹11,889.2 |
| Chennai | ₹129,700.00 | ₹12,970.0 | ₹118,891.67 | ₹11,889.2 |
| Hyderabad | ₹129,700.00 | ₹12,970.0 | ₹118,891.67 | ₹11,889.2 |
| Kolkata | ₹129,700.00 | ₹12,970.0 | ₹118,891.67 | ₹11,889.2 |
| Ahmedabad | ₹129,694.80 | ₹12,969.5 | ₹118,886.90 | ₹11,888.7 |
| Pune | ₹125,683.70 | ₹12,568.4 | ₹115,210.06 | ₹11,521.0 |
| Surat | ₹129,694.80 | ₹12,969.5 | ₹118,886.90 | ₹11,888.7 |
| Jaipur | ₹131,341.20 | ₹13,134.1 | ₹120,396.10 | ₹12,039.6 |
| Nagpur | ₹125,683.70 | ₹12,568.4 | ₹115,210.06 | ₹11,521.0 |
| Nashik | ₹125,683.70 | ₹12,568.4 | ₹115,210.06 | ₹11,521.0 |
| Vadodara | ₹129,694.80 | ₹12,969.5 | ₹118,886.90 | ₹11,888.7 |
| Coimbatore | ₹129,700.00 | ₹12,970.0 | ₹118,891.67 | ₹11,889.2 |
| Visakhapatnam | ₹129,700.00 | ₹12,970.0 | ₹118,891.67 | ₹11,889.2 |
| Vijayawada | ₹129,700.00 | ₹12,970.0 | ₹118,891.67 | ₹11,889.2 |
| Mysore | ₹129,700.00 | ₹12,970.0 | ₹118,891.67 | ₹11,889.2 |
Quick Highlights
- Highest 24K and 22K: Delhi posts the highest retail quotes for both 24K (₹132,148.50/10g) and 22K (₹121,136.13/10g).
- Lowest cluster: Mumbai, Pune, Nagpur and Nashik show the lowest 24K (₹125,683.70/10g) and 22K (₹115,210.06/10g) among listed centres.
- Tight pricing in South/Coastal markets: Several southern and eastern cities (Bangalore, Chennai, Hyderabad, Kolkata, Coimbatore, Visakhapatnam, Vijayawada, Mysore) quote identical 24K and 22K figures, indicating closely aligned retail premiums.
- Small local variances: Ahmedabad and Surat/Vadodara show prices nearly identical to the larger southern cluster but with marginal decimal differences for 24K and 22K.
City Notes
- Delhi: Expect slightly higher retail premiums; verify hallmark and shop-specific making charges.
- Mumbai: Competitive market; compare buy and sell spreads across established jewellers.
- Bangalore: Uniform pricing across many outlets — confirm making charges for branded designs.
- Chennai: Strong retail network; ask for BIS hallmark and invoice details.
- Hyderabad: Demand for traditional designs can raise making charges; check karat marking.
- Kolkata: Consistent quotes — verify weight and purity before purchase.
- Ahmedabad: Active market for both plain and diamond-set jewellery; compare wastage and making rates.
- Pune: Local promotions may offer narrow discounts — confirm net price on bill.
- Surat: Jewellery manufacturing hub; negotiate making charges on customised pieces.
- Jaipur: Strong demand for gemstone and Kundan work — expect higher making fees on ornate pieces.
- Nagpur: Regional market with competitive quotations; check buy-back policy.
- Nashik: Small-market dynamics — prefer well-known retailers for higher-value buys.
- Vadodara: Consistent with Gujarat pricing norms; validate hallmarking and net weight.
- Coimbatore: Jewellery stores often run festival offers — confirm total payable after making charges.
- Visakhapatnam: Coastal demand patterns; verify purity marks before purchase.
- Vijayawada: Compare quotes across local jewellers to get better making-charge terms.
- Mysore: Stable pricing; check for certified hallmark and clear billing for resale.
What Drives Today’s Prices
- Global spot gold: International bullion rates set the baseline for Indian retail prices.
- INR/USD movement: A stronger rupee softens landed cost; depreciation raises local prices.
- Import duties & taxes: Customs duty and GST affect final retail quotes and dealer margins.
- Domestic demand & festivals: Local buying ahead of festivals or weddings can lift premiums and making charges.
- MCX & futures activity: Domestic futures trading can influence near-term retail pricing and hedging costs.
Buyer Tips
- Prefer BIS hallmark: Always buy pieces with the BIS hallmark and a clear karat mark (22K/24K) on the invoice.
- 24K vs 22K: 24K is pure gold but soft — 22K offers better durability for daily-wear jewellery; choose based on use.
- Making charges & wastage: These are not standardized — seek itemised bills and compare per-gram making or wastage rates.
- Buy-back and resale: Confirm buy-back terms, deductions and proof required; keep the original invoice and hallmark certificates.
FAQs
- Q: Are these rates retail sell or buy-back prices?
A: The table shows typical retail sell quotes per 10 grams; buy-back rates can be lower and vary by jeweller. - Q: How do I check jewellery purity?
A: Look for the BIS hallmark and karat stamp (22K/24K) on the piece and ensure the invoice matches the marking. - Q: What are making charges and why do they vary?
A: Making charges cover labour/design complexity and are set by each jeweller; ornate or branded pieces cost more. - Q: When is the best time to buy gold?
A: Financially, buy when global gold prices and INR strength are favourable; in practice compare local premiums and festive offers to optimise cost.
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.