Snapshot: Gold rates across major Indian cities show modest variation on November 17, with 24K prices ranging from about ₹12.66 lakh to ₹1.33 lakh per 10 grams and 22K accordingly lower. This report covers Mumbai, Bengaluru, Chennai, Hyderabad, New Delhi and Kolkata, and lists rates for other important centres such as Ahmedabad, Pune, Jaipur and Surat. Retail buyers should note the per-10g city quotes below and the per-gram equivalents for quick comparisons before visiting local jewellers.
City-wise Gold Prices (November 17, 2025)
| City | 24K (per 10g) | 24K (per g) | 22K (per 10g) | 22K (per g) |
|---|---|---|---|---|
| New Delhi | ₹133,116.90 | ₹13,311.7 | ₹122,023.82 | ₹12,202.4 |
| Mumbai | ₹126,641.30 | ₹12,664.1 | ₹116,087.86 | ₹11,608.8 |
| Bengaluru | ₹130,668.30 | ₹13,066.8 | ₹119,779.27 | ₹11,977.9 |
| Chennai | ₹130,668.30 | ₹13,066.8 | ₹119,779.27 | ₹11,977.9 |
| Hyderabad | ₹130,668.30 | ₹13,066.8 | ₹119,779.27 | ₹11,977.9 |
| Kolkata | ₹130,668.30 | ₹13,066.8 | ₹119,779.27 | ₹11,977.9 |
Quick Highlights
- Highest 24K: New Delhi at ₹133,116.90 per 10g; Lowest 24K: Mumbai/Pune/Nagpur/Nashik at ₹126,641.30 per 10g among headline set.
- Several southern and eastern metro centres (Bengaluru, Chennai, Hyderabad, Kolkata) cluster tightly at ₹130,668.30 per 10g for 24K, showing regional pricing parity.
- Spread between top and bottom 24K city quotes in this set is modest (~₹6,475 per 10g), so differences for smaller purchases may be absorbed by making charges.
City Notes
- New Delhi: Expect slightly higher retail premiums; insist on BIS hallmark and original invoice for buy-back.
- Mumbai: Competitive market with lower quoted 24K; compare making charges across neighbourhood jewellers.
- Bengaluru: Jewellery demand steady; watch for festival-season premiums in certain localities.
- Chennai: High demand for 22K jewellery—verify hallmark and design-related wastage charges.
- Hyderabad: Good availability of 22K designs; confirm purity and making-charge slabs for heavier pieces.
- Kolkata: Tight spreads; random-weight jewellery can affect final per-gram effective cost—check net weight on invoice.
- Ahmedabad: Active market with competitive rates; negotiate making charges on custom pieces.
- Pune: Prices align with Mumbai; smaller retailers may levy higher making charges for complex designs.
- Surat: Jewellery manufacturing hub—look for better rates on plain gold items but ensure hallmarking.
- Jaipur: Premium on crafted/stone-set pieces; confirm stone quality and making-charge basis.
- Nagpur: Prices mirror larger western cities; check buy-back and exchange policies locally.
- Nashik: Similar to Nagpur/Mumbai pricing—verify karat stamp and BIS marking.
- Vadodara: Jewellery centres competitive; ask for weight and wastage breakdown on the bill.
- Coimbatore: South Indian designs popular—ensure hallmark on temple jewellery which often carries higher making charges.
- Visakhapatnam: Local demand pockets may push premiums on festival days—confirm final price before payment.
- Vijayawada: Check local hallmarking practices and insist on invoice details for future buy-back.
- Mysore: Boutique jewellers may price artisanal pieces higher—ask for itemised making charges.
What Drives Today’s Prices
- Global spot gold: International bullion rates set the base for domestic quotes.
- INR/USD movement: Rupee strength/weakness directly affects import-based pricing for local 24K gold.
- Import duty and taxes: Customs duty, GST and state levies shape retail landed cost and can vary by item type.
- MCX and domestic futures: Exchange cues influence near-term retail pricing and hedging by large sellers.
- Local demand & festivals: Seasonal buying, wedding demand and regional preferences can push premiums/making charges.
Buyer Tips
- Prefer BIS hallmark; verify karatage (22K = 916, 24K = 999) stamped on the piece and on the accompanying certificate.
- 24K vs 22K: 24K (999) is pure but softer; 22K (916) is more durable for everyday jewellery—choose based on use.
- Making charges & wastage: These are labour/design-based and not tied to gold price—compare rates and ask for itemised billing.
- Buy-back & exchange: Check jeweller’s buy-back policy, applicable deductions and whether they accept hallmarked pieces only.
FAQs
- Q: Do daily gold rates apply to all jewellers?
A: Retailers use these base rates but final customer price also includes making charges, taxes and local premiums—confirm invoice details. - Q: How do I verify purity?
A: Look for the BIS hallmark and karat stamp (e.g., 916 for 22K); ask for a certificate if provided. - Q: Are making charges refundable on resale?
A: Typically no—buy-back usually refunds scrap gold value (not making charges), unless the jeweller explicitly offers otherwise. - Q: When is the best time to buy gold?
A: Prices fluctuate with international markets and currency swings; for lower premiums, avoid peak festival/wedding periods and compare quotes across days.
Other Major Cities
| City | 24K (10g) / 22K (10g) |
|---|---|
| Ahmedabad | ₹130,663.10 / ₹119,774.51 |
| Pune | ₹126,641.30 / ₹116,087.86 |
| Surat | ₹130,663.10 / ₹119,774.51 |
| Jaipur | ₹132,216.70 / ₹121,198.64 |
| Nagpur | ₹126,641.30 / ₹116,087.86 |
| Nashik | ₹126,641.30 / ₹116,087.86 |
| Vadodara | ₹130,663.10 / ₹119,774.51 |
| Coimbatore | ₹130,668.30 / ₹119,779.27 |
| Visakhapatnam | ₹130,668.30 / ₹119,779.27 |
| Vijayawada | ₹130,668.30 / ₹119,779.27 |
| Mysore | ₹130,668.30 / ₹119,779.27 |
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.