Snapshot for October 3, 2025 (Asia/Kolkata): Gold prices for retail buyers show modest city-to-city variation today across major Indian markets including Mumbai, Bengaluru, Chennai, Hyderabad, New Delhi and Kolkata. Retail 24K rates range from about ₹120,540 to ₹126,892 per 10g, while 22K quotes sit between roughly ₹110,495 and ₹116,318 per 10g. This report lists city-wise 24K and 22K rates per 10 grams (and per gram), highlights notable spreads, explains key drivers and offers practical tips for buyers and investors.
City-wise Gold Prices (October 3, 2025)
| City | 24K (per 10g) | 24K (per g) | 22K (per 10g) | 22K (per g) |
|---|---|---|---|---|
| New Delhi | ₹126,891.90 | ₹12,689.2 | ₹116,317.57 | ₹11,631.8 |
| Mumbai | ₹120,540.20 | ₹12,054.0 | ₹110,495.18 | ₹11,049.5 |
| Bengaluru | ₹124,443.30 | ₹12,444.3 | ₹114,073.02 | ₹11,407.3 |
| Chennai | ₹124,443.30 | ₹12,444.3 | ₹114,073.02 | ₹11,407.3 |
| Hyderabad | ₹124,443.30 | ₹12,444.3 | ₹114,073.02 | ₹11,407.3 |
| Kolkata | ₹124,443.30 | ₹12,444.3 | ₹114,073.02 | ₹11,407.3 |
| Ahmedabad | ₹124,438.20 | ₹12,443.8 | ₹114,068.35 | ₹11,406.8 |
| Pune | ₹120,540.20 | ₹12,054.0 | ₹110,495.18 | ₹11,049.5 |
| Surat | ₹124,438.20 | ₹12,443.8 | ₹114,068.35 | ₹11,406.8 |
| Jaipur | ₹126,220.30 | ₹12,622.0 | ₹115,701.94 | ₹11,570.2 |
| Nagpur | ₹120,540.20 | ₹12,054.0 | ₹110,495.18 | ₹11,049.5 |
| Nashik | ₹120,540.20 | ₹12,054.0 | ₹110,495.18 | ₹11,049.5 |
| Vadodara | ₹124,438.20 | ₹12,443.8 | ₹114,068.35 | ₹11,406.8 |
| Coimbatore | ₹124,443.30 | ₹12,444.3 | ₹114,073.02 | ₹11,407.3 |
| Visakhapatnam | ₹124,443.30 | ₹12,444.3 | ₹114,073.02 | ₹11,407.3 |
| Vijayawada | ₹124,443.30 | ₹12,444.3 | ₹114,073.02 | ₹11,407.3 |
| Mysore | ₹124,443.30 | ₹12,444.3 | ₹114,073.02 | ₹11,407.3 |
Quick Highlights
- Highest 24K rate: New Delhi at ₹126,891.90 per 10g; highest 22K at ₹116,317.57 per 10g.
- Lowest 24K rate: Mumbai, Pune, Nagpur and Nashik at ₹120,540.20 per 10g; lowest 22K at ₹110,495.18 per 10g.
- The 24K spread between highest and lowest is roughly ₹6,352 per 10g, showing moderate regional premium differences.
- Many southern and eastern cities (Bengaluru, Chennai, Hyderabad, Kolkata and others) quote closely clustered rates around ₹124,443 per 10g for 24K.
City Notes
- New Delhi: Expect slightly higher premiums in central markets; prioritise BIS hallmarking and VAT-inclusive invoices.
- Mumbai: Competitive rates in retail chains; negotiate making charges for jewellery pieces.
- Bengaluru: Good availability of certified jewellery; tech-savvy buyers can compare online offers before visiting.
- Chennai: High demand for traditional designs—verify buy-back terms when buying temple jewellery.
- Hyderabad: Local goldsmiths may quote custom making charges; ask for itemized bills.
- Kolkata: Strong market for both investment coins and jewellery; check for hallmark stamps (BIS).
- Ahmedabad: Look for competitive studs and chain offers; check net weight and wastage on invoice.
- Pune: Chain stores often run city-wide offers—compare final out-the-door price including making charges.
- Surat: Large jewellery manufacturing base; ask for certification on bespoke pieces.
- Jaipur: Tourist demand can lift retail premiums—insist on hallmark and invoice clarity.
- Nagpur / Nashik: Regional parity with Pune/Mumbai; confirm buy-back rates if planning resale.
- Vadodara: Local jewellers may offer festival discounts—read terms carefully.
- Coimbatore / Visakhapatnam / Vijayawada / Mysore: Similar pricing clusters; focus on verified purity and maker reputation.
What Drives Today’s Prices
- Global spot gold: International bullion benchmarks set the base; safe-haven flows and US Treasury yields move spot rates.
- INR/USD moves: A weaker rupee raises landed import cost, often passed to retail; a stronger rupee can ease local prices.
- Import duty & taxes: Customs duties, GST on making charges and state-level levies affect final retail pricing and premiums.
- MCX and domestic futures: Exchange cues influence merchant hedging and immediate retail quotes.
- Local demand and festivals: Jewellery demand (weddings, festivals) and available inventory tilt premiums up or down.
Buyer Tips
- Prefer BIS hallmark: Always buy hallmarked gold (BIS 916 for 22K, BIS 999 for 24K) and get a detailed invoice stating gross weight, net weight, and purity.
- 24K vs 22K: 24K is purer (softer, for coins/bars), 22K is tougher for everyday jewellery; choose by use-case.
- Making charges & wastage: These are labour/processing costs and vary widely by design—insist on itemised charges and compare quotes.
- Buy-back & resale: Confirm buy-back policy, margins and whether the buyer pays making charges on resale.
- Negotiate on non-standard pieces: Premiums for branded items, intricate work or regional demand can be negotiated—check online and store offers first.
FAQs
- Q: Do these city rates change during the day?
A: Yes. Retail rates move with international spot prices, MCX, and the rupee; confirm the price at the shop at time of transaction. - Q: How can I verify purity?
A: Look for BIS hallmark stamps (916 for 22K, 999 for 24K) and insist on a lab certificate for high-value or customized items. - Q: What are making charges and are they negotiable?
A: Making charges cover labour and design; they vary by jeweller and design complexity and are often negotiable on expensive items. - Q: Is there a best time to buy gold in India?
A: Long-term buyers focus on personal financial plans; short-term shoppers look for dips in international spot or festival/seasonal offers—watch spot gold and INR movements.
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.