Gold prices across Indian retail markets show modest variation today, October 15, with the report covering 17 cities including Delhi, Mumbai, Ahmedabad, Pune, Jaipur, Nashik and Coimbatore. This snapshot lists published retail rates for both 24K and 22K gold per 10 grams and per gram, helping buyers compare local premiums and plan purchases. While national benchmarks guide rates, local factors such as taxes, making charges and jeweller premiums can change the final payable amount at the store.
City-wise Gold Prices
City | 24K (per 10g) ₹ | 24K (per g) ₹ | 22K (per 10g) ₹ | 22K (per g) ₹ |
---|---|---|---|---|
Delhi | 137265.30 | 13726.5 | 125826.53 | 12582.7 |
Mumbai | 130650.30 | 13065.0 | 119762.78 | 11976.3 |
Bangalore | 134816.80 | 13481.7 | 123582.07 | 12358.2 |
Chennai | 134816.80 | 13481.7 | 123582.07 | 12358.2 |
Hyderabad | 134816.80 | 13481.7 | 123582.07 | 12358.2 |
Kolkata | 134816.80 | 13481.7 | 123582.07 | 12358.2 |
Ahmedabad | 134811.60 | 13481.2 | 123577.30 | 12357.7 |
Pune | 130650.30 | 13065.0 | 119762.78 | 11976.3 |
Surat | 134811.60 | 13481.2 | 123577.30 | 12357.7 |
Jaipur | 136420.90 | 13642.1 | 125052.49 | 12505.2 |
Nagpur | 130650.30 | 13065.0 | 119762.78 | 11976.3 |
Nashik | 130650.30 | 13065.0 | 119762.78 | 11976.3 |
Vadodara | 134811.60 | 13481.2 | 123577.30 | 12357.7 |
Coimbatore | 134816.80 | 13481.7 | 123582.07 | 12358.2 |
Visakhapatnam | 134816.80 | 13481.7 | 123582.07 | 12358.2 |
Vijayawada | 134816.80 | 13481.7 | 123582.07 | 12358.2 |
Mysore | 134816.80 | 13481.7 | 123582.07 | 12358.2 |
Quick Highlights
- Highest 24K rate: Delhi at ₹137,265.30 per 10g (₹13,726.5 per g).
- Lowest 24K rate: Mumbai, Pune, Nagpur and Nashik at ₹130,650.30 per 10g (₹13,065.0 per g).
- 24K and 22K prices show a relatively tight national band — many southern and eastern cities cluster around ₹134,816.80 (24K) and ₹123,582.07 (22K) per 10g.
- Jaipur and Delhi sit above the broader cluster, reflecting local premiums or inventory differences.
City Notes
- Delhi: Large market with competitive outlets; check hallmark and buy-back policies carefully.
- Mumbai: Strong trade volumes often mean tighter premiums — compare multiple jewellers.
- Bangalore: Demand for modern designs can raise making charges on lightweight jewellery.
- Chennai: Traditional designs prevail; ask about wastage charges for intricate pieces.
- Hyderabad: Heavy gold jewellery is popular; ensure clear invoices for purity and making charges.
- Kolkata: Look for certified hallmarking; credible jewellers provide clear assay reports.
- Ahmedabad: Competitive wholesale-to-retail links — negotiate making charges on off-the-shelf pieces.
- Pune: Local festivals influence demand spikes; confirm stock availability for larger orders.
- Surat: Jewellery manufacturing hub — sometimes offers lower premiums on plain pieces.
- Jaipur: Gem and polki demand can raise overall costs; check for added gemstone premiums.
- Nagpur: Regional buying patterns can affect premiums; verify hallmark and return policies.
- Nashik: Smaller market; compare quotes from multiple stores before purchase.
- Vadodara: Growing retail options — insist on BIS hallmark and itemized bills.
- Coimbatore: Strong local demand for bridal jewellery; ask about guaranteed buy-back rates.
- Visakhapatnam: Check for fewer large chains — verify purity from the invoice.
- Vijayawada: Festival-driven demand; timings of purchases can affect making charges.
- Mysore: Traditional patterns popular — confirm wastage and making terms for heirloom pieces.
What Drives Today’s Prices
- Global spot gold: International bullion benchmarks set a base that local retail quotes follow.
- INR/USD movement: A weaker rupee raises local rupee gold rates even if dollar gold is steady.
- Import duty and taxes: Customs duties and GST influence landed cost and retail pricing structure.
- MCX and domestic futures: Exchange trading and futures positions can signal near-term price direction.
- Local demand and inventory: Festival seasons, weddings and jeweller stock levels affect premiums and making fees.
Buyer Tips
- Prefer BIS hallmark: Always buy BIS-hallmarked gold (hallmark guarantees purity and is widely accepted).
- Verify karatage: 24K is pure gold (soft, prone to damage); 22K is alloyed for durability — choose by use-case.
- Understand making charges: Making charges and wastage are additional and vary widely — ask for a breakup in the invoice.
- Check buy-back and resale terms: Ask jewellers for buy-back rates and whether they accept the same piece later.
- Get a proper invoice: Invoice should list purity, gross weight, labour charges, GST and net payable amount.
FAQs
- Q: Are these rates final retail prices?
A: These are indicative retail rates per 10g; final price depends on jeweller’s making charges, taxes and local premiums. - Q: How to read purity marks?
A: Look for BIS hallmark and karat stamp (24K or 22K). 24K is near-pure gold; 22K has alloys for strength. - Q: What are making charges?
A: Making charges are labour fees for crafting jewellery; they vary by design complexity and are typically charged separately from metal value. - Q: When is the best time to buy gold?
A: Prices can be marginally better on non-festival weekdays and when global gold weakens; long-term buyers focus on need and affordability rather than timing short-term swings.
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.