Gold prices for retail buyers on October 21 show a narrow band across major Indian cities, with 24K per 10g ranging roughly between the low-₹1.33 lakh and high-₹1.41 lakh levels and corresponding 22K quotes a little lower. This report covers city-specific retail rates for Delhi, Mumbai, Bangalore, Chennai, Hyderabad, Kolkata, Ahmedabad, Pune, Surat, Jaipur, Nagpur, Nashik, Vadodara, Coimbatore, Visakhapatnam, Vijayawada and Mysore, and offers quick takeaways for buyers on purity, making charges and local considerations.
City-wise Gold Prices: City,22k_10gm,24k_10gm
City | 24K (per 10g) | 24K (per g) | 22K (per 10g) | 22K (per g) |
---|---|---|---|---|
Delhi | ₹141,331.00 | ₹14,133.1 | ₹129,553.42 | ₹12,955.3 |
Mumbai | ₹133,630.90 | ₹13,363.1 | ₹122,494.99 | ₹12,249.5 |
Bangalore | ₹138,882.40 | ₹13,888.2 | ₹127,308.87 | ₹12,730.9 |
Chennai | ₹137,956.80 | ₹13,795.7 | ₹126,460.40 | ₹12,646.0 |
Hyderabad | ₹137,956.80 | ₹13,795.7 | ₹126,460.40 | ₹12,646.0 |
Kolkata | ₹137,956.80 | ₹13,795.7 | ₹126,460.40 | ₹12,646.0 |
Ahmedabad | ₹137,848.80 | ₹13,784.9 | ₹126,361.40 | ₹12,636.1 |
Pune | ₹133,630.90 | ₹13,363.1 | ₹122,494.99 | ₹12,249.5 |
Surat | ₹137,848.80 | ₹13,784.9 | ₹126,361.40 | ₹12,636.1 |
Jaipur | ₹139,599.00 | ₹13,959.9 | ₹127,965.75 | ₹12,796.6 |
Nagpur | ₹133,630.90 | ₹13,363.1 | ₹122,494.99 | ₹12,249.5 |
Nashik | ₹133,630.90 | ₹13,363.1 | ₹122,494.99 | ₹12,249.5 |
Vadodara | ₹137,848.80 | ₹13,784.9 | ₹126,361.40 | ₹12,636.1 |
Coimbatore | ₹137,956.80 | ₹13,795.7 | ₹126,460.40 | ₹12,646.0 |
Visakhapatnam | ₹137,956.80 | ₹13,795.7 | ₹126,460.40 | ₹12,646.0 |
Vijayawada | ₹137,956.80 | ₹13,795.7 | ₹126,460.40 | ₹12,646.0 |
Mysore | ₹138,882.40 | ₹13,888.2 | ₹127,308.87 | ₹12,730.9 |
Quick Highlights
- Highest 24K retail quote in this list is in Delhi (₹141,331 per 10g); several southern and eastern cities cluster around ₹137,800–₹137,956 per 10g.
- Lowest 24K quotes are visible in Mumbai, Pune, Nagpur, Nashik (₹133,630.90 per 10g), creating a gap of roughly ₹7,700 between the lowest and highest 24K points.
- 22K rates follow the same city ranking patterns; per-gram spreads are proportionally similar, so buyer premiums and making charges will drive final billing differences.
City Notes
- Delhi: Strong retail demand; verify hallmark and shop-to-shop premiums.
- Mumbai: Competitive market, often tighter spreads—compare making charges.
- Bangalore: Active bridal season demand can push premiums on ornament-heavy designs.
- Chennai: Traditional jewellery purchases common—ask about wastage charges on antique finishes.
- Hyderabad: Look for established jewellers with transparent buy-back rates.
- Kolkata: Hallmarking widely available—confirm GST and invoice details for resale.
- Ahmedabad: High wedding demand—expect design premiums during peak months.
- Pune: Competitive pricing—shop around for lower making charges on simple designs.
- Surat: Large jewellery manufacturing base—negotiate making charges for bulk purchases.
- Jaipur: Gem-set and handcrafted pieces may carry higher making charges than plain gold.
- Nagpur: Rates align with Maharashtra markets—compare buy-back offers locally.
- Nashik: Smaller retail centres may charge higher waste/making percentages for custom work.
- Vadodara: Check for certified BIS hallmark and clarity on stone cost if applicable.
- Coimbatore: Local trust in established chains; confirm invoice details when buying as investment.
- Visakhapatnam: Demand-driven premiums during festivals—ask for a cost breakup.
- Vijayawada: Jewellery with regional designs may incur extra workmanship fees.
- Mysore: Good selection of certified jewellers—verify karat marks and buy-back policy.
What Drives Today’s Prices
- Global spot gold: International bullion prices set the base; retail quotes track MCX futures with a time-lag and local margins.
- INR/USD moves: A stronger rupee cushions import parity; a weaker rupee raises local rupee prices for the same international level.
- Import duty & taxes: Duty, IGST/GST and regulatory changes affect landed cost, influencing retailer pricing.
- MCX & domestic liquidity: Exchange movements and short-term trading cues can change daily retail pricing windows.
- Local demand & festivals: Wedding seasons, festivals and regional demand pockets push premiums and making charges up.
Buyer Tips
- Prefer BIS hallmark: Always buy jewellery with a valid BIS hallmark and a proper invoice that specifies karatage, gross/net weight and making charges.
- 24K vs 22K: 24K is pure and ideal for investment or religious pieces but is soft; 22K is harder and better for daily-wear ornaments—choose based on use and resale expectations.
- Making charges & wastage: These are retailer-determined and can exceed metal cost; ask whether making charges are fixed per gram or a percentage and if they are negotiable.
- Buy-back and resale: Confirm the jeweller’s buy-back rate formula (metal rate, purity, buy-back fee) and get it in writing for future resale.
- Invoice scrutiny: Check that the bill lists gross weight, net gold weight, purity (karat), making charges, GST and total—this protects you on returns and resale.
FAQs
- Q: How often do retail gold rates change?
A: Retail rates can change multiple times a day, following MCX/spot moves and rupee fluctuations; confirm the rate at the time of billing. - Q: How can I verify purity?
A: Look for the BIS hallmark (kitemark) and karat stamp on the piece; request a hallmark certificate or invoice entry showing the purity. - Q: What are making charges?
A: Making charges cover design and labour and vary by design complexity and jeweller policy; they are often non-refundable and add to the final price. - Q: Is there a best time to buy gold?
A: From a price perspective, buy when international gold is weaker or rupee stronger; for savings on making charges, negotiate or buy simpler designs outside peak festival/wedding seasons.
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.