Gold Prices Today: What 10 Grams of 22K and 24K Gold Cost in 5 Major Indian Cities
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.
Gold Rate Today, October 14: 24K and 22K Prices in Mumbai, Delhi, Chennai, Kolkata and Bengaluru; Global Gold Near $4,158
Gold prices remained under pressure in international markets as investors awaited key US inflation data and comments from Federal Reserve officials that could influence the outlook for interest rates. Domestic buyers are also tracking 24-carat and 22-carat gold prices across major Indian cities on Wednesday, October 14.
According to market data published by Gadgets 360, the indicative national gold rates were ₹1,47,620 per 10 grams for 24-carat gold and ₹1,35,220 for 22-carat gold. However, city-level listings can differ by source, and jewellery prices may vary depending on local taxes, dealer premiums and other charges.
Gold Rate Today in India: 24K and 22K Prices
The following indicative city prices were listed by Gadgets 360 for major Indian markets.
City 24K Gold (10g) 22K Gold(10g)
Mumbai ₹1,49,290 ₹1,36,850
Delhi ₹1,49,440 ₹1,37,000
Chennai ₹1,49,290 ₹1,36,850
Kolkata ₹1,49,290 ₹1,36,850
Bengaluru ₹1,49,340 ₹1,36,900
Important: These are indicative published rates, not guaranteed jeweller quotations. The same source separately lists a nationwide reference price, so readers should confirm the applicable rate with a local jeweller before buying. Prices generally exclude GST, making charges and other applicable levies.
International Gold Price Today
International spot gold fell 0.3% to approximately $4,157.90 per troy ounce on Tuesday, according to Reuters market reporting. US gold futures for December delivery settled around $4,177.30 per ounce.
These figures refer to the reported Tuesday session and should not be mistaken for a live Wednesday quote. International prices fluctuate during trading hours.
For comparison, one troy ounce equals approximately 31.1 grams. At a spot price of $4,157.90 per ounce, the metal’s quoted value works out to roughly $133.70 per gram, before currency conversion, import costs, taxes and local premiums.
Why Are Gold Prices Under Pressure?
Investors are watching US Consumer Price Index data due Wednesday and Producer Price Index figures scheduled for Thursday. These reports may influence expectations for the Federal Reserve’s interest-rate policy.
Gold does not pay interest, so higher interest rates can make interest-bearing assets more attractive relative to the precious metal. However, inflation concerns, geopolitical tensions and demand for safe-haven assets can also support gold prices.
The US dollar and Treasury yields are additional factors that traders monitor. Changes in either can influence the cost of gold for international buyers and affect market sentiment.
What Determines Gold Rates in India?
Indian gold prices are influenced by several domestic and international factors:
• International spot prices: Global bullion movements provide a key reference for domestic rates.
• Rupee-dollar exchange rate: A weaker rupee can increase the rupee cost of imported gold.
• Import costs and taxes: Duties and applicable taxes affect the final domestic price.
• Local demand and premiums: Jewellery demand, dealer margins and city-level costs can cause price differences.
• Purity: 24K gold is generally purer than 22K gold, which is commonly used for jewellery.
What Should Gold Buyers Check Before Purchasing?
Before buying gold jewellery or coins, consumers should compare the latest local rate, confirm purity and hallmarking, and request a detailed bill showing the gold value, making charges and applicable taxes.
A daily price table is useful for comparison, but it does not guarantee that every jeweller will sell at the same rate. Buyers should also distinguish between the international spot price and the final retail price in India.