Gold prices remain in focus on Thursday, October 15, as buyers compare 22-carat and 24-carat rates across India’s major cities. With gold trading at elevated levels, even small price differences can affect the cost of jewellery purchases.
Rates vary by city, jeweller and purity. Buyers should also remember that the final price of jewellery can include GST, making charges and other applicable costs.
Gold Rate Today in Major Indian Cities
The following indicative rates were reported by Gadgets 360 for October 15. Confirm the latest local rate before purchasing, as retail prices and updates may differ between sources.
City 24K Gold (per 10g) 22K Gold (per 10g)
Mumbai ₹1,48,260 ₹1,35,900
Delhi ₹1,48,410 ₹1,36,050
Chennai ₹1,48,310 ₹1,35,950
Kolkata ₹1,48,260 ₹1,35,900
Bengaluru ₹1,48,310. ₹1,35,950
What Is the Difference Between 22K and 24K Gold?
24-carat gold: It is the higher-purity form of gold, generally used for bullion, coins and investment products. Its purity is typically around 99.9%.
22-carat gold: It contains approximately 91.6% gold, with the remainder made up of other metals. It is commonly used for jewellery because the added metals make it more durable.
The difference in purity means 24K gold generally costs more than 22K gold by weight.
Why Do Gold Rates Differ Between Cities?
Gold prices can vary across Indian cities because of transportation costs, local demand, jeweller margins and other regional factors. International gold prices, the rupee’s exchange rate, import-related costs and changes in investor demand can also influence domestic rates.
The displayed gold rate may not include all taxes and jewellery-making expenses. As a result, two jewellers in the same city may quote different final prices.
What Should Buyers Check Before Purchasing Gold?
Before buying gold jewellery, consumers should:
• Confirm the day’s 22K or 24K rate with the jeweller.
• Check the purity and hallmarking details.
• Ask for a clear breakdown of the gold price, making charges and GST.
• Compare the final bill rather than relying only on the advertised rate.
• Keep the invoice and relevant product documentation.
Gold prices can change during the trading day. Buyers should therefore confirm the current rate before completing a transaction.
