Gold Prices in India Today: 24K Gold Near ₹1.62 Lakh Per 10g - State & City Wise Rates

Gold prices in India are trading close to historic levels, with benchmark MCX futures hovering near ₹1.62 lakh per 10 grams. Retail 24-carat gold across major cities and states is currently clustered in the ₹1,61,000 to ₹1,63,000 per 10 grams range, supported by firm international bullion trends, rupee movement, central bank accumulation, and resilient domestic demand. Live futures and benchmark pricing can be tracked on MCX India.

India’s gold pricing framework is driven by import parity, international spot prices, currency fluctuations, and localized retail premiums. While the underlying bullion rate remains largely uniform nationally, final retail prices differ across states due to making charges, logistics, regional demand intensity, and inventory sourcing.

Real-time retail price monitoring across cities is available via Good Returns Gold Rates and consolidated bullion platforms such as Gold Price India.

---

State-Wise 24K Gold Prices in India (Per 10 Grams)

The following table provides a structured state-level snapshot using representative capital or major city retail rates for 24-carat gold.

State / UT	Representative City	24K Gold Price (Per 10g)
Andhra Pradesh	Visakhapatnam	₹1,61,680
Arunachal Pradesh	Itanagar	₹1,61,680
Assam	Guwahati	₹1,61,680
Bihar	Patna	₹1,61,680
Chhattisgarh	Raipur	₹1,61,680
Goa	Panaji	₹1,61,680
Gujarat	Ahmedabad	₹1,61,730
Haryana	Chandigarh	₹1,61,830
Himachal Pradesh	Shimla	₹1,61,830
Jharkhand	Ranchi	₹1,61,680
Karnataka	Bengaluru	₹1,61,680
Kerala	Kochi	₹1,61,680
Madhya Pradesh	Bhopal	₹1,61,680
Maharashtra	Mumbai	₹1,61,680
Manipur	Imphal	₹1,61,680
Meghalaya	Shillong	₹1,61,680
Mizoram	Aizawl	₹1,61,680
Nagaland	Kohima	₹1,61,680
Odisha	Bhubaneswar	₹1,61,680
Punjab	Chandigarh	₹1,61,830
Rajasthan	Jaipur	₹1,61,700
Sikkim	Gangtok	₹1,61,680
Tamil Nadu	Chennai	₹1,62,770
Telangana	Hyderabad	₹1,61,680
Tripura	Agartala	₹1,61,680
Uttar Pradesh	Lucknow	₹1,61,680
Uttarakhand	Dehradun	₹1,61,830
West Bengal	Kolkata	₹1,61,680

Actual invoice values may vary depending on retailer-specific making charges, purity verification, and buyback policies.

---

Major City Snapshot (24K Gold Per 10 Grams)

City	24K Gold Price
Delhi	₹1,61,830
Mumbai	₹1,61,680
Bengaluru	₹1,61,680
Chennai	₹1,62,770
Kolkata	₹1,61,680
Hyderabad	₹1,61,680
Ahmedabad	₹1,61,730
Pune	₹1,61,680
Jaipur	₹1,61,700
Kochi	₹1,61,680

---

Key Drivers Behind the Rally

Gold’s upward trajectory is supported by multiple structural and macroeconomic factors.

Global Safe-Haven Demand

Elevated geopolitical tensions and global economic volatility have reinforced gold’s role as a defensive asset.

Rupee–Dollar Volatility

As India imports the majority of its bullion requirements, rupee depreciation directly increases domestic gold prices even when international rates remain stable.

Central Bank Accumulation

Global central banks continue to expand gold reserves, providing long-term structural support to bullion prices.

Domestic Demand and Seasonal Premiums

India’s wedding and festive cycles sustain underlying demand, often adding regional retail premiums in high-consumption markets such as Tamil Nadu and Kerala.

---

Technical Outlook and Market Signals

MCX gold futures are currently holding above key support zones around ₹1.58 lakh to ₹1.60 lakh per 10 grams, with resistance near ₹1.62 lakh. Market participants are closely monitoring global liquidity conditions, US Federal Reserve policy signals, and inflation data, all of which materially influence bullion direction.

---

Investment Perspective

For jewellery buyers, evaluation of BIS hallmark certification, making charges, and buyback terms remains critical. For investment exposure, regulated instruments such as Sovereign Gold Bonds and Gold ETFs operate under frameworks governed by the Reserve Bank of India and SEBI, offering alternatives to physical gold ownership while minimizing storage and making charge inefficiencies.

---

Conclusion

Gold prices in India remain elevated but fundamentally supported by global macro uncertainty, currency dynamics, central bank demand, and resilient domestic consumption. While short-term volatility may persist, long-term fundamentals continue to favour gold as both a portfolio hedge and inflation buffer.