India loves gold, but what we don't like is that the price is now above ₹1 lakh. India is the second-largest consumer globally, right after China. Most of what we use comes from imports, and some comes from recycled gold at home. That means prices don’t just depend on the global market (which is in USD), but also on import duties and taxes. People often turn to gold as a safe investment, especially during times of uncertainty. But remember that bond yields and the dollar rate can shift prices, too. Let’s take a look at the current gold rates in major cities.
As of April 22, 2025, gold prices saw an uptick across major metro cities in India. The cost of 24K gold per 10 grams stood at ₹1,02,270 in Bangalore, ₹1,02,180 in Chennai, ₹1,02,180 in Delhi, ₹1,02,125 in Kolkata, ₹1,01,865 in Mumbai, and ₹1,01,865 in Pune.
Gold price in other cities:
- Ahmedabad 24K: 1,02,090
- Amritsar 24K: ₹1,01,770
- Bhopal 24K: ₹99,665
- Chandigarh 24K: ₹1,01,825
- Coimbatore 24K: ₹1,02,290
- Faridabad 24K: ₹99,525
- Gurgaon 24K: ₹99,475
- Hyderabad 24K: ₹1,02,170
- Jaipur 24K: ₹1,02,085
- Kanpur 24K: ₹1,01,805
- Kochi 24K: ₹1,02,185
- Lucknow 24K: ₹91,01,815
- Madurai 24K: ₹1,02,270
- Meerut 24K: ₹1,01,825
- Nagpur 24K: ₹99,665
- Nashik 24K: ₹1,01,865
- Patna 24K: ₹1,01,815
- Surat 24K: ₹1,02,090
- Vadodara 24K: ₹1,02,090
- Visakhapatnam 24K: ₹1,02,150
Gold is one of the most valued metals in the world and a go-to investment option for many. In India, gold is an emotion, a sentiment, and a tradition that adds to one's status quo; the more gold, the better. Gold prices often change based on the market and are closely tracked during trading hours.
Two main types of gold are available in India:
24K gold is the purest form, with 99.99%. It’s too soft for jewelry and is mainly used for investment purposes. 22K gold comprises 22 parts of gold and two other metals, copper or zinc. It’s more durable and commonly used to make jewelry.
For the record, India is the world's largest gold importer, bringing in around 800 to 900 tonnes every year, primarily to meet the ever-increasing demand from the jewelry sector.
Gold prices are influenced by various factors discussed as follows:
- Currency strength (particularly the Rupee vs. the US Dollar)
- Global economic conditions
- Interest rates
- Government policies
In Indian cities, local demand, taxes, and other charges like octroi also affect price fluctuations. Gold is available in many forms—bars, coins, jewelry, and, more recently, ETFs and sovereign gold bonds have become popular investment options.
Currently, India has a 10% import duty on gold, which the government adjusts as needed to manage imports. Gold stands out because it’s a safe investment, especially during economic uncertainties. And a great tool to combat inflation.
In India, gold purity is officially certified by the Bureau of Indian Standards (BIS) via hallmarking. This hallmarking helps consumers to protect themselves from fraud and ensures quality.