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Gold Prices Fall Across Indian Cities, With 22-Carat Rates Down ₹155 per Gram

Michael Williams 924 travellers

Gold rates fell across listed cities. Delhi had the highest quoted 22-carat price, while Chennai and Hyderabad shared the lowest.

Gold Prices Fall Across Indian Cities, With 22-Carat Rates Down ₹155 per Gram

Gold prices fell across every listed city, with the quoted 22-carat rate down ₹155 per gram and the 24-carat rate down by ₹162 or ₹163. The declines were consistent across the eight-city comparison, while local price differences remained: Kolkata had the highest quoted rate for both purities, and Chennai and Hyderabad had the lowest.

The India-wide figures were ₹13,120 for 1 gram of 22-carat gold, down by ₹155, and ₹1,04,960 for 8 grams, down by ₹1,240. These provide a national reference point; the city quotes show how rates varied by location on the same day. The listed prices describe gold by purity and weight. They do not include details about a particular piece of jewellery or the final amount a buyer might pay.

City rates for 22-carat gold

Delhi’s 22-carat rate stood at ₹13,140 for 1 gram and ₹1,05,120 for 8 grams, with both measures down by ₹155 and ₹1,240 respectively. Kolkata was higher, at ₹13,190 per gram and ₹1,05,520 for 8 grams; those prices also fell by ₹155 and ₹1,240. Bengaluru was quoted at ₹13,150 per gram and ₹1,05,200 for 8 grams, with the same reported declines.

Ahmedabad’s rates were ₹13,144 per gram and ₹1,05,152 for 8 grams. Mumbai and Pune each recorded ₹13,090 per gram and ₹1,04,720 for 8 grams. Chennai and Hyderabad shared the lowest listed 22-carat prices: ₹13,040 per gram and ₹1,04,320 for 8 grams. In each of these cities, the reported declines were ₹155 per gram and ₹1,240 for 8 grams.

The spread between the highest and lowest city quotes was ₹150 per gram for 22-carat gold: Kolkata’s ₹13,190 compared with ₹13,040 in Chennai and Hyderabad. For 8 grams, the difference was ₹1,200, between ₹1,05,520 in Kolkata and ₹1,04,320 in the two lowest-priced cities. Those comparisons describe the quoted city rates; they do not establish why prices differ from one location to another.

24-carat rates and daily moves

Kolkata also recorded the top 24-carat quote, at ₹13,850 per gram and ₹1,10,800 for 8 grams. The reported declines were ₹162 per gram and ₹1,296 for 8 grams. Delhi followed at ₹13,797 per gram and ₹1,10,376 for 8 grams, down by ₹163 and ₹1,304. Bengaluru’s prices were ₹13,808 per gram and ₹1,10,464 for 8 grams, with declines of ₹162 and ₹1,296.

Ahmedabad’s 24-carat rates were ₹13,801 per gram and ₹1,10,408 for 8 grams, down by ₹163 and ₹1,304. Mumbai and Pune matched at ₹13,745 per gram and ₹1,09,960 for 8 grams; both reported decreases of ₹162 and ₹1,296. Chennai and Hyderabad again had the lowest quotes, at ₹13,692 per gram and ₹1,09,536 for 8 grams. Their respective decreases were ₹163 and ₹1,304.

That puts the 24-carat spread at ₹158 per gram, from Kolkata’s ₹13,850 to ₹13,692 in Chennai and Hyderabad. For 8 grams, the gap was ₹1,264, between ₹1,10,800 and ₹1,09,536. The listed day-on-day reductions varied slightly for 24-carat gold: some cities were down by ₹162 per gram and ₹1,296 for 8 grams, while others were down by ₹163 and ₹1,304.

What the comparison shows

The same broad pattern appears in both purity categories: Kolkata is at the top of the city list, while Chennai and Hyderabad are at the bottom. The figures also show that the declines in the 22-carat quotes were uniform across locations, whereas the reported 24-carat changes fall into two groups. That distinction matters when comparing daily moves: a shared direction does not mean every city posted an identical change for every purity.

For buyers and businesses tracking costs, the city-level figures offer a snapshot of quoted rates at different weights. A per-gram price makes small quantities easier to compare, while the 8-gram figure gives a separate reference for a larger quantity. The source does not explain the factors behind the city differences or provide a longer price history, so this single-day comparison cannot show whether the gaps are widening or narrowing.

The useful takeaway is the combination of a broad daily decline and a persistent ranking across the listed locations. Kolkata’s rates were highest for both purities, and Chennai and Hyderabad shared the lowest. Whether that pattern continues depends on later price updates; the next comparison will show whether the city spread and the size of the daily changes hold.

Source: Michael Williams · www.thehindubusinessline.com

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