Gold prices in India change daily based on global market trends, currency exchange rates, and local demand. Rates differ slightly across cities due to transportation cost, state taxes, and local demand patterns. Buyers typically check 22K and 24K gold rates before purchasing jewelry or making investment decisions.
Understanding city-wise prices and key market drivers helps consumers plan purchases, compare rates, and evaluate investment opportunities effectively.
Gold Rate Today in Major Indian Cities
Gold prices are usually quoted per 10 grams in India. The rates below show indicative ranges for major cities and may vary slightly between retailers.
| City | 22K Gold Price (₹ per 10g) | 24K Gold Price (₹ per 10g) |
|---|---|---|
| Delhi | ₹61,500 – ₹63,000 | ₹67,000 – ₹69,000 |
| Mumbai | ₹61,300 – ₹62,800 | ₹66,800 – ₹68,800 |
| Chennai | ₹61,800 – ₹63,200 | ₹67,200 – ₹69,200 |
| Kolkata | ₹61,400 – ₹62,900 | ₹66,900 – ₹68,900 |
| Bengaluru | ₹61,350 – ₹62,850 | ₹66,850 – ₹68,850 |
| Hyderabad | ₹61,300 – ₹62,800 | ₹66,800 – ₹68,800 |
Retail prices may include additional making charges when purchasing jewelry.
Difference Between 22K and 24K Gold
Gold purity determines price, durability, and usage. Higher purity means higher gold content but lower strength, which affects suitability for jewelry.
24K gold contains nearly pure gold and is mainly used for coins, bars, and investment products. 22K gold contains alloy metals such as copper or silver, making it stronger for jewelry design.
| Gold Type | Purity Level | Usage | Durability |
|---|---|---|---|
| 24K Gold | 99.9% pure | Investment | Soft |
| 22K Gold | 91.6% pure | Jewelry | Stronger |
Buyers should choose purity based on purpose rather than price alone.
Why Gold Prices Differ Across Cities
Gold rates vary slightly between cities due to logistics, regional demand, and local taxation. Transportation costs and dealer margins influence final retail price.
Cities with higher jewelry demand may experience marginally higher prices due to increased consumption. However, price differences between major cities usually remain within ₹200–₹500 per 10 grams.
| Price Factor | Effect on Gold Rate |
|---|---|
| Transportation cost | Minor variation |
| Local demand | Price fluctuation |
| State taxes | Regional difference |
| Retail margins | Dealer pricing variation |
These factors create small but noticeable differences in city-wise pricing.
Key Drivers Moving Gold Prices in India
Gold prices respond to global economic conditions and domestic market factors. Changes in international gold rates directly influence Indian prices because India imports most of its gold.
Currency exchange rates also play a major role. A weaker rupee increases import cost, which raises domestic gold prices.
| Price Driver | Impact on Gold Rate |
|---|---|
| International gold price | Direct influence |
| Rupee vs US dollar | Import cost change |
| Inflation trend | Increased demand |
| Interest rates | Investment shift |
| Global uncertainty | Higher demand |
Monitoring these factors helps predict price trends.
Gold vs Silver Price Movement
Gold and silver prices often move in the same direction but differ in volatility. Silver is more sensitive to industrial demand, while gold primarily reflects investment demand and inflation protection.
| Metal | Price Volatility | Main Demand Driver |
|---|---|---|
| Gold | Moderate | Investment demand |
| Silver | High | Industrial use |
Investors often track both metals to diversify portfolios.
Making Charges and Total Purchase Cost
Jewelry purchases include additional charges beyond gold price. Making charges typically range between 8% and 25% depending on design complexity. Goods and Services Tax (GST) of 3% also applies to gold purchases in India.
| Cost Component | Typical Range |
|---|---|
| Making charges | 8% – 25% |
| GST on gold | 3% |
| Stone charges | Extra if applicable |
Buyers should check final invoice value before purchase.
Best Time to Buy Gold in India
Gold demand in India typically rises during festivals and wedding seasons, which may influence short-term price increases. Monitoring price trends over several weeks helps identify favorable purchase timing.
Investment buyers often track price dips caused by currency movement or global market correction. Buying during lower demand periods may offer better value.
Gold as Investment vs Jewelry Purchase
Investment buyers prefer 24K gold bars or coins due to higher resale value and lower making charges. Jewelry buyers focus on design, durability, and cultural preference, which often leads to choosing 22K gold.
Resale value depends on market rate at the time of selling and purity level.
| Purchase Purpose | Recommended Gold Type |
|---|---|
| Investment | 24K gold |
| Jewelry | 22K gold |
Clear purchase objective improves decision-making.
Conclusion
Gold rate today in India varies slightly across cities due to logistics, demand, and local factors, with 22K and 24K prices influenced mainly by global market trends and currency movement. Understanding purity differences, price drivers, and additional charges helps buyers make informed purchase decisions. Monitoring market trends, comparing city-wise rates, and planning purchases based on demand cycles can help maximize value for both investment and personal use.
Frequently Asked Questions
What is the gold rate today in India for 22K gold?
22K gold typically ranges between ₹61,300 and ₹63,200 per 10 grams depending on city and market conditions.
Why do gold prices vary across Indian cities?
Price differences occur due to transportation cost, local demand, dealer margins, and regional tax factors.
Which gold is better for investment in India?
24K gold is preferred for investment because of higher purity and better resale value.
What additional charges apply when buying gold jewelry?
Making charges between 8% and 25% and 3% GST apply to jewelry purchases.
What factors increase gold prices in India?
Global gold rates, rupee value against the US dollar, inflation trends, and economic uncertainty influence price movement.