Gold Prices Decline Across Multiple Indian Cities: A City-Wise Rate Breakdown

Gold prices across major Indian cities witnessed a downward trend, reflecting a decline compared to previous rates. Nationally, the price for 1 gram of 22-carat gold stood at ₹12,810, marking a decrease of ₹310. Concurrently, 8 grams of 22-carat gold dropped by ₹2,480 to settle at ₹1,02,480.

Regional markets registered similar price rollbacks across both 22-carat and 24-carat categories. In Coimbatore, 22-carat gold was priced at ₹12,730 for 1 gram (down by ₹310) and ₹1,01,840 for 8 grams (down by ₹2,480). Meanwhile, 24-carat gold in Coimbatore stood at ₹13,367 per gram (down by ₹325) and ₹1,06,936 for 8 grams (down by ₹2,600).

In Nagpur, 22-carat gold was recorded at ₹12,780 for 1 gram and ₹1,02,240 for 8 grams, both down by ₹310 and ₹2,480 respectively. The 24-carat gold in Nagpur decreased by ₹326 for 1 gram to reach ₹13,419, and by ₹2,608 for 8 grams to stand at ₹1,07,352.

Markets in Visakhapatnam mirrored Coimbatore's pricing, with 22-carat gold at ₹12,730 per gram and 24-carat gold at ₹13,367 per gram. In Surat and Jaipur, prices for 22-carat gold were recorded at ₹12,834 per gram (down by ₹310) and ₹1,02,672 for 8 grams (down by ₹2,480). The 24-carat gold in these two cities dropped to ₹13,476 per gram (down by ₹325) and ₹1,07,808 for 8 grams (down by ₹2,600).

Other cities observing similar downward adjustments included Lucknow and Chandigarh, where 22-carat gold traded at ₹12,830 per gram and 24-carat gold at ₹13,472 per gram. In Indore, rates aligned with Nagpur at ₹12,780 for 22-carat and ₹13,419 for 24-carat per gram. Madurai, Thrissur, and Vijayawada followed the pricing seen in Coimbatore and Visakhapatnam.

Higher rates were noted in Bhubaneswar and Patna, where 22-carat gold stood at ₹12,880 per gram (down by ₹310) and 24-carat gold at ₹13,524 per gram (down by ₹326). In Ludhiana and Kanpur, 22-carat gold was priced at ₹12,830 per gram, while 24-carat gold was priced at ₹13,472 per gram. Lastly, in Vadodara, 22-carat and 24-carat prices matched Surat and Jaipur, whereas Mysore recorded 22-carat gold at ₹12,840 per gram and 24-carat gold at ₹13,482 per gram.

"Fluctuations in commodity prices like gold directly impact consumer spending behavior and retail market liquidity across different regions. For businesses operating in retail, manufacturing, and consumer sectors, keeping a close tab on daily bullion movements is essential for managing working capital and pricing strategies effectively." — Dr. Shishir Gupta, Founder & CEO, StartupLanes