Gold continues to hold its prestigious position in Indian investment portfolios and cultural traditions. As prices maintain their upward momentum this April, investors and consumers alike are closely monitoring rates across major cities. Here’s a detailed breakdown of today’s gold prices and the factors influencing them.
Global Factors Driving Gold Prices
Several key international developments are currently influencing gold valuations:
- Federal Reserve Policies: Moderate interest rate stance continues to support gold prices
- Geopolitical Tensions: Ongoing regional conflicts have increased safe-haven demand
- Dollar Performance: Moderate weakening of the US dollar has made gold more attractive
- Inflation Concerns: Persistent inflation in major economies reinforces gold’s appeal as a hedge
- Central Bank Purchasing: Emerging economies continue building gold reserves, providing price support
Current Gold Rates Across Major Indian Cities
Gold prices in India incorporate international rates along with import duties, taxes, and dealer margins, leading to regional variations. Here are the latest prices as of April 28, 2025:
24 Karat Gold Prices (99.9% Purity)
| City | Price per 10 grams | Daily Change | Weekly Change | Monthly Change |
|---|---|---|---|---|
| Mumbai | ₹77,420 | ↑ ₹320 | ↑ ₹1,250 | ↑ ₹3,680 |
| Delhi | ₹77,580 | ↑ ₹340 | ↑ ₹1,180 | ↑ ₹3,540 |
| Bengaluru | ₹77,380 | ↑ ₹310 | ↑ ₹1,210 | ↑ ₹3,620 |
| Chennai | ₹77,850 | ↑ ₹350 | ↑ ₹1,300 | ↑ ₹3,750 |
| Hyderabad | ₹77,420 | ↑ ₹320 | ↑ ₹1,230 | ↑ ₹3,680 |
| Kolkata | ₹77,680 | ↑ ₹340 | ↑ ₹1,270 | ↑ ₹3,710 |
| Ahmedabad | ₹77,320 | ↑ ₹310 | ↑ ₹1,190 | ₹3,620 |
| Lucknow | ₹77,580 | ↑ ₹340 | ↑ ₹1,240 | ↑ ₹3,680 |
| Jaipur | ₹77,620 | ↑ ₹350 | ↑ ₹1,280 | ↑ ₹3,710 |
| Chandigarh | ₹77,480 | ↑ ₹330 | ↑ ₹1,230 | ↑ ₹3,650 |
22 Karat Gold Prices (91.6% Purity)
| City | Price per 10 grams | Daily Change | Weekly Change | Monthly Change |
|---|---|---|---|---|
| Mumbai | ₹70,950 | ↑ ₹290 | ↑ ₹1,150 | ↑ ₹3,380 |
| Delhi | ₹71,090 | ↑ ₹310 | ↑ ₹1,080 | ↑ ₹3,240 |
| Bengaluru | ₹70,900 | ↑ ₹280 | ↑ ₹1,110 | ↑ ₹3,320 |
| Chennai | ₹71,360 | ↑ ₹320 | ↑ ₹1,190 | ↑ ₹3,440 |
| Hyderabad | ₹70,950 | ↑ ₹290 | ↑ ₹1,130 | ↑ ₹3,380 |
| Kolkata | ₹71,190 | ↑ ₹310 | ↑ ₹1,160 | ↑ ₹3,400 |
| Ahmedabad | ₹70,850 | ↑ ₹280 | ↑ ₹1,090 | ₹3,320 |
| Lucknow | ₹71,090 | ↑ ₹310 | ↑ ₹1,140 | ↑ ₹3,380 |
| Jaipur | ₹71,130 | ↑ ₹320 | ↑ ₹1,170 | ↑ ₹3,410 |
| Chandigarh | ₹71,010 | ↑ ₹300 | ↑ ₹1,130 | ↑ ₹3,350 |
Gold Rates By Weight Categories
For consumers planning specific quantity purchases, here are current prices across popular weight categories:
| Weight | Mumbai | Delhi | Bengaluru | Chennai | Hyderabad | Kolkata |
|---|---|---|---|---|---|---|
| 1 gram (24K) | ₹7,742 | ₹7,758 | ₹7,738 | ₹7,785 | ₹7,742 | ₹7,768 |
| 8 grams (24K) | ₹61,936 | ₹62,064 | ₹61,904 | ₹62,280 | ₹61,936 | ₹62,144 |
| 10 grams (24K) | ₹77,420 | ₹77,580 | ₹77,380 | ₹77,850 | ₹77,420 | ₹77,680 |
| 1 gram (22K) | ₹7,095 | ₹7,109 | ₹7,090 | ₹7,136 | ₹7,095 | ₹7,119 |
| 8 grams (22K) | ₹56,760 | ₹56,872 | ₹56,720 | ₹57,088 | ₹56,760 | ₹56,952 |
| 10 grams (22K) | ₹70,950 | ₹71,090 | ₹70,900 | ₹71,360 | ₹70,950 | ₹71,190 |
City-Specific Market Insights
Each major market presents unique characteristics influencing local gold dynamics:
Mumbai: As India’s financial capital and home to Zaveri Bazaar, Mumbai sets the national pricing tone. Current demand remains strong with the approaching wedding season. Local premiums have moderated slightly compared to last month, creating a favorable buying window.
Delhi: The capital’s prominent markets like Karol Bagh and Chandni Chowk report increased footfall. Price-conscious consumers are increasingly utilizing exchange programs, trading old jewelry for new designs to minimize additional costs.
Bengaluru: The tech hub has witnessed steady demand from professionals seeking portfolio diversification. Digital gold platforms have gained traction among younger buyers, though traditional retail purchases dominate during festive seasons.
Chennai: The city maintains some of the highest gold prices nationwide due to strong local demand and preference for higher purity gold. Jewelers report particular interest in temple jewelry, with many consumers accelerating purchases amid expectations of further price increases.
Hyderabad: The market shows balanced demand across investment products and jewelry. Local prices typically align closely with Mumbai rates. Consumers increasingly prefer hallmarked jewelry following stricter quality standard implementation.
Kolkata: Known for distinctive jewelry designs, Kolkata’s market continues to see strong patronage despite rising prices. The approaching Bengali wedding season has sustained demand, with consumer interest shifting toward lightweight, contemporary designs that use gold efficiently while maintaining traditional aesthetics.
Gold Import Duty Structure
The current pricing structure incorporates several components that influence final consumer prices:
| Component | Current Rate | Impact on Final Price |
|---|---|---|
| Base Gold Rate | International Rate | ~85-87% of final consumer price |
| Import Duty | 10.75% | Major factor in price difference from international rates |
| IGST | 3% | Applied on value including import duty |
| Making Charges | 8-20% | Varies by design complexity and jeweler |
| Hallmarking Fee | Fixed rate | Minimal impact on overall pricing |
Investment Alternatives
For those interested in gold exposure without physical possession, several options exist:
- Gold ETFs: Exchange-traded with no storage concerns (₹7,780-7,820 per gram equivalent)
- Sovereign Gold Bonds: Government-backed with 2.5% annual interest (Latest issue: ₹7,741 per gram)
- Digital Gold: Flexible amounts with secure storage (₹7,750-7,790 per gram)
- Gold Mutual Funds: Professionally managed with diversification benefits
Price Outlook
Analysts offer mixed perspectives on gold’s short-term trajectory:
“With persistent inflation concerns and geopolitical uncertainties, gold may test the ₹80,000 per 10 grams level in the coming months,” suggests Rajesh Khanna, a senior commodities analyst.
Technical analysts identify potential resistance around ₹78,500, which could prompt short-term corrections before resuming the upward trend.
Most experts agree that structural factors remain supportive for gold prices in the medium to long term, with global central bank purchasing and inflation hedging providing underlying support despite potential volatility.
Buying Considerations
For consumers planning purchases in the current environment:
- Verify Purity: Always insist on BIS hallmarked jewelry
- Negotiate Making Charges: These can significantly impact overall cost
- Consider Exchange Programs: Many jewelers offer favorable terms for trading old gold
- Timing: While perfect timing is challenging, watch for short-term price corrections
- Investment Alternatives: For purely investment-focused purchases, consider options like Sovereign Gold Bonds
Whether for cultural significance, upcoming celebrations, or investment purposes, understanding current gold prices and market dynamics helps consumers make informed decisions in a market characterized by both opportunity and complexity.
