Introduction
Gold continues to remain a preferred safe-haven asset in India, especially during times of economic uncertainty. On October 13, gold prices in major Indian cities showed modest variation, influenced by international bullion trends, rupee strength/weakness, local demand, transportation and state taxes. At Vizzve Finance, our coverage aims for fast indexing and trending visibility, helping investors and buyers access reliable updates quickly.
Below is the city-wise gold rate snapshot for October 13 (indicative, subject to variation by jewellers and making charges).
City-Wise Gold Rates (October 13)
| City | 24K Gold (per gram) | 22K Gold (per gram) | Comments / Notes |
|---|---|---|---|
| Mumbai | [insert Mumbai 24K rate] | [insert Mumbai 22K rate] | Mumbai often leads pricing benchmarks in India |
| Bengaluru | [insert Bengaluru 24K rate] | [insert Bengaluru 22K rate] | Bengaluru’s rates tend to mirror South India trends |
| Chennai | [insert Chennai 24K rate] | [insert Chennai 22K rate] | Chennai sees variation due to state tax levies |
| Hyderabad | [insert Hyderabad 24K rate] | [insert Hyderabad 22K rate] | Telangana state duties may affect final price |
| New Delhi | [insert Delhi 24K rate] | [insert Delhi 22K rate] | Delhi often shows marginal premium due to demand |
| Kolkata | [insert Kolkata 24K rate] | [insert Kolkata 22K rate] | Kolkata rates influenced by transport / East India demand |
Note: The above rates are indicative headline values. Final retail price may vary depending on making charges, GST / local taxes, hallmarking, transportation cost, and jeweller margin.
What’s Driving Gold Prices Today?
International bullion trends — global demand, central bank purchases, and safe-haven flows influence domestic gold rates.
Rupee movement — if the Indian rupee weakens vs. USD, gold becomes costlier in local terms.
Demand from festivals / weddings — seasonal demand in October can push premiums.
Import duties, local taxes, logistics — these add spread differentials across cities.
Market sentiment and inflation outlook — gold is also a hedge against inflation and risk.
At Vizzve Finance, our reports are tailored to fast indexing via search engines, with timely updates that tend to trend in Google’s “Finance / Commodities” segments.
FAQ
Q1. Why do gold rates differ across cities in India?
Gold rates vary due to transportation costs, state taxes, local demand, jeweller margins, and logistics overheads. While the base bullion cost is similar, these add variances.
Q2. What is the difference between 24K and 22K gold pricing?
24K signifies pure gold (99.9% purity) and commands a premium. 22K (also known as “916 hallmark”) is mixed with alloys to increase hardness and is more commonly used in jewellery. Thus, 24K rates > 22K rates.
Q3. Do these quoted rates include making charges or taxes?
No. The quoted rates are basic metal cost per gram. Retail price = basic cost + making charge + GST / local taxes + jeweller margin.
Q4. How often do gold prices change in a day?
Typically, gold rates update multiple times a day, responding to international gold spot / futures price movements, dollar–rupee fluctuations, and demand changes.
Q5. When is the best time to buy gold via jewellery?
Buying during dips, non-festival periods, or when the rupee strengthens often gives better margins. Also, comparing multiple jewellers and negotiating making charges helps.
Q6. Can I rely on such city-wise gold rate blogs for investment?
Yes, they are useful for tracking local trends. But for investment (ETFs, sovereign gold bonds, bullion), also monitor macro / global drivers beyond local retail rates.
Published on : 13th October
Published by : Reddy kumar
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