Gold rates across India’s major cities show modest variation on November 2, 2025. This snapshot covers retail 24K and 22K prices (per 10 grams and per gram) for New Delhi, Mumbai, Bangalore, Chennai, Hyderabad and Kolkata, with additional major-city references. Retail buyers should note that while 24K commands a clear premium over 22K, local premiums, making charges and hallmarking standards determine the final invoice. Use the city table below to compare base metal rates before adding jeweller-specific charges.
City-wise Gold Prices (November 2, 2025)
| City | 24K (per 10g) | 24K (per g) | 22K (per 10g) | 22K (per g) |
|---|---|---|---|---|
| New Delhi | ₹130,966.80 | ₹13,096.7 | ₹120,052.90 | ₹12,005.3 |
| Mumbai | ₹124,437.10 | ₹12,443.7 | ₹114,067.34 | ₹11,406.7 |
| Bangalore | ₹128,518.20 | ₹12,851.8 | ₹117,808.35 | ₹11,780.8 |
| Chennai | ₹128,518.20 | ₹12,851.8 | ₹117,808.35 | ₹11,780.8 |
| Hyderabad | ₹128,518.20 | ₹12,851.8 | ₹117,808.35 | ₹11,780.8 |
| Kolkata | ₹128,518.20 | ₹12,851.8 | ₹117,808.35 | ₹11,780.8 |
Quick Highlights
- Highest 24K base rate: New Delhi at ₹130,966.80 per 10g; highest 22K also in Delhi at ₹120,052.90 per 10g.
- Lowest listed 24K base rate: Mumbai, Pune, Nagpur and Nashik (same rate) at ₹124,437.10 per 10g; corresponding 22K at ₹114,067.34 per 10g.
- Prices cluster tightly: several southern/eastern cities (Bangalore, Chennai, Hyderabad, Kolkata and others) share identical base rates of ₹128,518.20 (24K) and ₹117,808.35 (22K) per 10g.
- The typical premium of 24K over 22K in these quotes is about ₹10,700–₹10,900 per 10g, reflecting the purity difference before making charges.
City Notes
- New Delhi: Expect slightly higher base rates; negotiate making charges and confirm BIS hallmark.
- Mumbai: Competitive market — look for better buy-back prices and lower retailer premiums.
- Bangalore: Prices align with major southern markets; check local season demand for slab offers.
- Chennai: Strong retail demand for temple and 22K jewellery; verify purity marks on traditional designs.
- Hyderabad: High demand for heritage designs—compare making charges across stores.
- Kolkata: Standardised pricing across traders; insist on BIS hallmark and clear invoices.
- Ahmedabad: Local traders may load lower premiums on classic Kundan pieces—verify caratage.
- Pune: Matches Mumbai pricing—shop during weekday mornings for lower crowds and clearer quotes.
- Surat: Jewellery manufacturing hub — potential for competitive making charges on bulk buys.
- Jaipur: Gem-studded and traditional pieces may carry higher making charges despite base rates.
- Nagpur: Follows Maharashtra pricing; check local jeweller buy-back policies.
- Nashik: Same base as Nagpur/Pune—confirm whether GST and making charges are included in quotes.
- Vadodara: Manufacturing-centre pricing; bargaining on making charges can be effective.
- Coimbatore: Regional demand for 22K jewellery; insist on hallmarking and clear karat marks.
- Visakhapatnam: Coastal demand patterns may cause weekend premiums—compare weekday quotes.
- Vijayawada: Local festivals influence demand—watch for temporary spikes in making charges.
- Mysore: Traditional jewellery buyers prefer 22K—confirm net weight and wastage charges on invoice.
What Drives Today’s Prices
- Global spot gold: London/Comex spot moves set the international benchmark for local wholesale rates.
- INR/USD exchange: A weaker rupee raises import costs and lifts domestic base rates; a stronger rupee eases them.
- Import duty and taxes: Customs duty, IGST and handling charges are passed to retail prices and can differ by item type.
- MCX futures: Domestic futures and dealer inventories provide short-term directional cues for retailers.
- Local demand and festivals: Regional buying during weddings and festivals can push premiums and making charges higher.
Buyer Tips
- Prefer BIS hallmark: Always buy hallmarked jewellery (BIS 916 for 22K, BIS 999 for 24K) and check the certificate.
- 24K vs 22K: 24K is purer but softer; 22K is more durable for daily wear and commonly preferred for jewellery.
- Making charges & wastage: These vary widely—ask for a detailed breakup (making, wastage, GST) before purchase.
- Buy-back & invoice: Get a proper invoice with net weight, gross weight, purity and buy-back terms; this protects resale value.
- Weigh alternatives: For investment, consider sovereign gold bonds or coins where applicable to avoid high making charges.
FAQs
- Q: Are these the final prices I pay? A: No — these are base metal rates; the final retail bill adds making charges, GST and any local premium.
- Q: How can I verify purity? A: Check the BIS hallmark and the karat stamp (916 for 22K, 999 for 24K). Request a certificate if available.
- Q: Why do making charges vary so much? A: Making charges depend on design complexity, labour, store policy and local competition; simpler designs cost less.
- Q: When is the best time to buy? A: For lower premiums, avoid peak festive/wedding seasons; watch for dips in global spot prices and a stronger rupee.
Other Major Cities
| City | 24K (10g) / 22K (10g) |
|---|---|
| Ahmedabad | ₹128,513.10 / ₹117,803.68 |
| Pune | ₹124,437.10 / ₹114,067.34 |
| Surat | ₹128,513.10 / ₹117,803.68 |
| Jaipur | ₹130,099.80 / ₹119,258.15 |
| Nagpur | ₹124,437.10 / ₹114,067.34 |
| Nashik | ₹124,437.10 / ₹114,067.34 |
| Vadodara | ₹128,513.10 / ₹117,803.68 |
| Coimbatore | ₹128,518.20 / ₹117,808.35 |
| Visakhapatnam | ₹128,518.20 / ₹117,808.35 |
| Vijayawada | ₹128,518.20 / ₹117,808.35 |
| Mysore | ₹128,518.20 / ₹117,808.35 |
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.