Gold price today witnessed a marginal decline in retail markets across India, even as global cues remained steady. While the Multi Commodity Exchange (MCX) saw futures trading higher, physical bullion rates in major metros like Delhi, Mumbai, and Chennai eased slightly on Thursday, offering a localized buying opportunity for retail consumers and investors alike.
Gold Price Today: Detailed Rates Across Major Indian Cities
Domestic gold rates vary across states due to local taxes, octroi, and transportation costs. Below is a comprehensive look at how much 24K (Pure Gold) and 22K (Jewelry Gold) cost in key urban centers today.
Gold Rates in Delhi, Jaipur, and Lucknow
In Northern India, the bullion market saw a uniform dip. In the national capital, Delhi, 24K gold is priced at Rs 15,632 per gram, down by Rs 32. The 22K variant followed suit, priced at Rs 14,330 per gram. Similar rates were observed in Jaipur and Lucknow, where the market sentiment remained cautious but stable.
Gold Rates in Mumbai, Kolkata, and Bangalore
The financial capital, Mumbai, mirrored the broader national trend. 24K gold reached Rs 15,617 per gram, while 22K gold settled at Rs 14,315 per gram. These exact figures were also recorded in Kolkata and Bangalore, indicating a synchronized movement in these high-volume trading hubs.
Gold Rates in Chennai and Hyderabad
Chennai recorded a sharper correction today compared to other metros. The price for 24K gold dropped by Rs 87, reaching Rs 15,731 per gram. For those looking for jewelry gold (22K), the price in Chennai stands at Rs 14,420 per gram. In Hyderabad, prices aligned with Mumbai’s rates at Rs 15,617 for 24K and Rs 14,315 for 22K gold.
Comparison Table: City-wise Gold Rates (Per Gram)
| City | 24K Gold Price (per gram) | 22K Gold Price (per gram) | Price Change |
| Delhi | Rs 15,632 | Rs 14,330 | Down Rs 32 |
| Mumbai | Rs 15,617 | Rs 14,315 | Down Rs 32 |
| Chennai | Rs 15,731 | Rs 14,420 | Down Rs 87 |
| Kolkata | Rs 15,617 | Rs 14,315 | Down Rs 32 |
| Bangalore | Rs 15,617 | Rs 14,315 | Down Rs 32 |
| Ahmedabad | Rs 15,622 | Rs 14,320 | Down Rs 32 |
| Patna | Rs 15,622 | Rs 14,320 | Down Rs 32 |
Understanding the Difference: 24K vs 22K Gold
When tracking gold price today, it is essential to understand the purity levels. 24K gold is considered 99.9% pure and is typically bought for investment in the form of coins or bars. However, it is too soft for intricate jewelry. 22K gold, on the other hand, contains 22 parts of gold mixed with 2 parts of other metals like copper or zinc, making it durable for ornaments.
Factors Driving the Bullion Market
The current range-bound movement is a result of a tug-of-war between domestic demand and global macros. On the MCX, April gold futures surged to Rs 1,56,262 per 10 grams, up by 0.93%. This surge in futures suggests that while spot prices (retail) are currently lower, the market anticipates potential volatility or a price hike in the coming weeks due to international currency movements.
Also Read: Gold and Silver Prices Today: Bullish Trend Hits Record Highs
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