rates can vary significantly across regions? Today we look at how gold prices differ in major Indian cities, highlight why these variations occur, and provide tips for both buyers and investors.
Current Gold Rates in Major Indian Cities
Here are indicative rates (per gram) for 24-karat and 22-karat gold across selected cities. Note: Local making charges, taxes, and premiums may apply.
(These are recent approximations; verify with local bullion/jewellery stores for the exact rate in your area.)
Why Rates Differ Regionally
Here are some of the main reasons gold rates vary from city to city in India:
Local taxes and duties: State-level taxes or local duties can add or subtract a few hundred rupees per gram.
Transport & logistics costs: Shipping bullion or jewellery to remote locations adds cost.
Demand & supply variations: Retail demand (such as in wedding season) may spike in some regions vs others.
Purity and hallmarking: 24K vs 22K gold, and whether it is hallmarked vs un-hallmarked, affect price.
Making charges/premium: Jewellery making charges and added premiums vary by brand & region.
Currency & import parity: When the rupee weakens, imported gold costs more—this eventually shows in domestic rates.
What This Means for You (Buyer & Investor)
If you’re buying jewellery, check both the gram rate and making charges. A lower spot rate might not mean better deal if making charges are high.
If you’re investing in gold (coins or bars), compare across cities—sometimes nearby towns may offer slightly lower rates.
Track global cues: Gold is influenced by international factors (dollar strength, global uncertainty). Even regional rates in India reflect those.
Timing matters: Buying near festivals (weddings, Diwali) may carry a premium; waiting for stable conditions could get you a better rate.
Recommended Everyday Tips
Always check the rate for the same purity (22K vs 24K) when comparing across cities.
Before purchase, ask the jeweller for a bill with weight, purity, making charges clearly mentioned.
Consider what your holding period is: Jewellery bought for long-term might not hinge on a small regional price difference now.
If you buy gold primarily for investment, consider alternatives like sovereign gold bonds, gold ETFs—these may avoid regional premiums.
Published on : 3rd November
Published by : SMITA
www.vizzve.com || www.vizzveservices.com
Follow us on social media: Facebook || Linkedin || Instagram
🛡 Powered by Vizzve Financial
RBI-Registered Loan Partner | 10 Lakh+ Customers | ₹600 Cr+ Disbursed