Gold prices in India showed a mixed trend across major urban centers on the current trading day, with Chennai and Trichy emerging as the most expensive markets for the precious metal. Investors and jewellery buyers are closely monitoring these daily fluctuations, which are influenced by a combination of global benchmarks and local factors.
City-Wise Breakdown of Gold Prices
The data, sourced from GoodReturns, reveals a detailed picture of the bullion market. For the popular 24-karat gold, the rate in Chennai and Trichy stood at ₹13,613 per gram. This was notably higher than in other major metros like Mumbai, Delhi, Kolkata, Bangalore, and Hyderabad, where the 24K price was recorded at ₹13,507 per gram. Cities like Vadodara, Ahmedabad, Patna, and Surat saw a marginal premium, with prices at ₹13,512 per gram.
Comparative Rates for 22K and 18K Gold
The trend followed suit for lower purity variants. The price for 22-karat gold, widely used in traditional jewellery, was highest in Chennai and Trichy at ₹12,439 per gram. In most other major cities, including Mumbai, Delhi, and Bangalore, the rate was ₹12,381 per gram. Similarly, for 18-karat gold, the rate in the leading cities was ₹10,374 per gram, while it settled at ₹10,130 per gram in a large cluster of cities including Mumbai, Kolkata, Hyderabad, and Pune.
Other important cities and their rates include:
- Delhi, Jaipur, Lucknow, Chandigarh, Ayodhya: 24K at ₹13,522, 22K at ₹12,396, 18K at ₹10,145.
- Nagpur, Bhubaneswar, Mangalore, Visakhapatnam, Mysore: 24K at ₹13,507, 22K at ₹12,381, 18K at ₹10,130.
- Vadodara, Ahmedabad, Patna, Surat: 24K at ₹13,512, 22K at ₹12,386, 18K at ₹10,135.
What This Means for Buyers and Investors
The geographical variation in gold rates in Indian cities highlights the impact of local taxes, transportation, and demand dynamics. For retail buyers, this data is crucial for making cost-effective purchases, especially during the wedding and festival season. The consistent pricing across a swathe of western and southern cities indicates a stable supply chain in those regions. Analysts suggest that while global trends set the broad direction, local premiums can significantly affect the final consumer price, making it essential to check today's gold price in your specific city before any transaction.
