Gold Rate Today in India – city wise

Here is a detailed look at gold rates in India today, with respect to city-wise comparisons, purity-wise breakdowns, recent trends, and what’s driving the prices, which also ties closely with current news India updates.

Current Gold Prices at a National Level

• The rate for 24 – carat gold in India is about Rs 11,117 per gram.
• For 22–carat gold, it is roughly Rs 10,190 per gram.
• 18–carat gold trades at about Rs 8,338 per gram

These are “hallmarked / market rates” where the local jewellery markup (making charges), taxes (GST, TCS), etc., are not included.

City-Wise Rates (Major Cities)

Here are approximate rates for 10 grams of 22K vs. 24K gold in leading cities. Prices are fairly close across metropolitan cities, unlike in small cities, where there are specific differences due to logistics, local demand, taxes, jeweller margins, etc.

Therefore, for example, 24K gold in Chennai is slightly more expensive than in Hyderabad, although differences are modest (hundreds of rupees per 10 grams).

Recent Trends & Movements

• Gold has recently catapulted to a record high in many Indian cities. For example, in Delhi, 10-gram 24K gold crossed Rs 1,13,100 according to some reports.
• The national average has been increasing over the year, with prices in major cities ranging in the Rs 1,00,00- Rs 1,12,000 range for 24K per 10g in many places, and around Rs 1,01,000- Rs 1,03,000 for 22K.
• There are daily changes visible which are often very small – sometimes a drop of a few hundred rupees, sometimes a rise – depending on global bullion prices, Today Currency exchange rate, import duties, jeweller demand, and local festive demand.

What Drives These Differences City-wise

There are various factors that cause variations in gold rates between cities:

1. Transportation & logistics costs – On carrying bullion or jewellery to a city adds cost.
2. Local demand and supply – The demand for jewellery is often more volatile in big urban areas due to festivals and weddings, so jewellers may price more aggressively.
3. Taxes and state levies – Although GST is standard, there could be local regulatory costs or different making charges.
4. Jeweller margin/ competition – Due to competition in cities, margins might be slightly lower but higher in some remote or smaller markets. These factors, when compared with Gold price history India, help explain why present-day city rates differ so much across the country.