Today’s snapshot covers gold rates across major Indian cities — Ahmedabad, Pune, Jaipur, Nashik, Coimbatore, Vijayawada and others — giving retail buyers a clear view of 24K and 22K prices per 10 grams (with per-gram breakdowns). Use this city-wise guide on October 17 to compare local premiums, hallmarking norms and practical buying considerations. Prices shown are the prevailing retailer benchmarks for 24K (pure) and 22K (jewellery) gold in INR; confirm with your jeweller for live quotes and making-charge details before transacting.
City-wise Gold Prices
City | 24K (per 10g) | 24K (per g) | 22K (per 10g) | 22K (per g) |
---|---|---|---|---|
Delhi | ₹142,217.60 | ₹14,221.8 | ₹130,366.13 | ₹13,036.6 |
Mumbai | ₹134,527.80 | ₹13,452.8 | ₹123,317.15 | ₹12,331.7 |
Bangalore | ₹139,769.00 | ₹13,976.9 | ₹128,121.58 | ₹12,812.2 |
Chennai | ₹138,843.30 | ₹13,884.3 | ₹127,273.02 | ₹12,727.3 |
Hyderabad | ₹138,843.30 | ₹13,884.3 | ₹127,273.02 | ₹12,727.3 |
Kolkata | ₹138,843.30 | ₹13,884.3 | ₹127,273.02 | ₹12,727.3 |
Ahmedabad | ₹138,735.30 | ₹13,873.5 | ₹127,174.03 | ₹12,717.4 |
Pune | ₹134,527.80 | ₹13,452.8 | ₹123,317.15 | ₹12,331.7 |
Surat | ₹138,735.30 | ₹13,873.5 | ₹127,174.03 | ₹12,717.4 |
Jaipur | ₹140,481.50 | ₹14,048.2 | ₹128,774.71 | ₹12,877.5 |
Nagpur | ₹134,527.80 | ₹13,452.8 | ₹123,317.15 | ₹12,331.7 |
Nashik | ₹134,527.80 | ₹13,452.8 | ₹123,317.15 | ₹12,331.7 |
Vadodara | ₹138,735.30 | ₹13,873.5 | ₹127,174.03 | ₹12,717.4 |
Coimbatore | ₹138,843.30 | ₹13,884.3 | ₹127,273.02 | ₹12,727.3 |
Visakhapatnam | ₹138,843.30 | ₹13,884.3 | ₹127,273.02 | ₹12,727.3 |
Vijayawada | ₹138,843.30 | ₹13,884.3 | ₹127,273.02 | ₹12,727.3 |
Mysore | ₹139,769.00 | ₹13,976.9 | ₹128,121.58 | ₹12,812.2 |
Quick Highlights
- Highest 24K: Delhi at ₹142,217.60 per 10g; highest 22K: Delhi at ₹130,366.13 per 10g.
- Lowest 24K/22K: Mumbai, Pune, Nagpur and Nashik show the lowest listed 24K price at ₹134,527.80 and 22K at ₹123,317.15 per 10g.
- Most cities cluster between ₹138k–₹139.8k for 24K, indicating relatively tight regional premiums outside the financial hubs.
- Jaipur and Bangalore/Mysore are priced notably above several other centres, reflecting local dealer pricing and demand patterns.
City Notes
- Delhi: Expect higher retail premiums; always confirm hallmarks and ask for the invoice breakdown.
- Mumbai: Competitive pricing hubs — compare multiple jewellers for best making charges.
- Bangalore: Strong retail demand for designer jewellery; check wastage and making rates.
- Chennai: Standardised hallmark checks advisable; verify GST and invoice details.
- Hyderabad: Look for certified BIS hallmark and transparent buy-back terms.
- Kolkata: Traditional designs common; confirm net weight and purity on bill.
- Ahmedabad: Wedding season can push premiums; compare quotes across established shops.
- Pune: Competitive with Mumbai — check making charges and any promotional offers.
- Surat: Jewellery manufacturing centre — negotiate on making charges where possible.
- Jaipur: Premiums reflect jewellery design and local demand — ask for clear hallmark stamp.
- Nagpur: Check for standard BIS hallmarks and compare shop-to-shop pricing.
- Nashik: Regional offers vary; insist on certified purity and itemized bills.
- Vadodara: Jewellery hubs may offer competitive making rates; confirm final net price.
- Coimbatore: Strong local demand for gold; verify hallmark and waste/making charges.
- Visakhapatnam: Compare buy-back terms; insist on BIS hallmark and invoice details.
- Vijayawada: Local demand can affect premiums — cross-check prices and making charges.
- Mysore: Designer and traditional pieces both common; check purity marking and warranty.
What Drives Today’s Prices
- Global spot gold: International bullion prices set the base; local rates follow global trends with a lag.
- INR–USD movement: A weaker rupee raises domestic rupee prices for imported gold; a stronger rupee eases them.
- Import duties and taxes: Customs duty, GST and other levies affect retail pricing and dealer behaviour.
- MCX futures and local cues: Domestic exchange rates and futures trading influence short-term retail quotes.
- Local demand and festivals: Weddings, festivals and regional demand pockets can push premiums and making charges up.
Buyer Tips
- Prefer BIS hallmark: Always buy jewellery with a valid BIS hallmark and ensure the karatage (22K/24K) is stamped.
- 24K vs 22K: 24K is pure gold (softer, pricier per gram); 22K is more durable for everyday wear — choose by use-case.
- Making charges & wastage: These are variable and often negotiable; ask for itemised making charges (% or absolute) before purchase.
- Compare buy-back & invoice terms: Verify the buy-back policy, net weight, purity, GST and whether making charges are refunded on resale.
- Weigh & verify: Check gross/net weight on bill and inspect hallmark; consider asking for a magnet or density check if unsure.
FAQs
- Q: Are these rates final retail rates I’ll pay?
A: These are city-wise benchmark rates per 10g; final price includes making charges, GST and any shop premium — confirm with the jeweller. - Q: How do I confirm purity?
A: Look for the BIS hallmark showing purity and jeweller’s ID; request a detailed invoice showing karatage and net gold weight. - Q: What are making charges and why do they vary?
A: Making charges cover labour and design complexity; they differ by shop, design and region and may be fixed or percentage-based. - Q: When is the best time to buy?
A: Prices fluctuate intraday with global and currency moves; outside of festivals and wedding seasons you may find lower premiums — compare outlets and buy on a dip if timing allows.
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.