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Gold prices are hitting record highs across India this festive season, but some states are surprisingly cheaper. Discover where you can buy gold at the best rates today and save big this Diwali!
National average price of 24k gold is Rs 11,939 per gm.
New Delhi: Gold prices across India continue to remain high, driven by global economic uncertainties, fluctuations in the US dollar, and the ongoing festive demand ahead of Diwali.
On October 6, the national average price of 24-karat gold is around Rs 11,939 per gram, while 22-karat gold is priced at approximately Rs 10,944 per gram. Despite the nationwide high prices, some states and regions offer comparatively cheaper rates, making them attractive for buyers.
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Kerala currently offers the lowest gold prices in India. In Kochi and Thiruvananthapuram, the rate for 24-karat gold is about Rs 11,492 per gram, and 22-karat gold costs around Rs 10,945 per gram.
Local jewelers attribute Kerala’s relatively lower rates to efficient supply chains, lower local taxes, and stable demand compared to northern states, where weddings and festival purchases significantly drive up prices.
Delhi NCR, including Delhi, Gurgaon, and Noida, is another region where buyers can find relatively reasonable gold rates compared to other northern states. In Delhi, 24-karat gold is trading at approximately Rs 11,930 per gram, while 22-karat gold is around Rs 10,940 per gram
Check gold price in National capital
Jewelers in the region report that a competitive market with multiple suppliers and lower making charges compared to cities like Lucknow or Patna keeps prices in check.
In other northern states, gold prices remain higher. For example, in Lucknow, 24-karat gold is around Rs 11,954 per gram and 22-karat at Rs 10,959 per gram. In Patna, 24-karat gold costs Rs 11,944 per gram, and 22-karat gold is Rs 10,949 per gram.
High demand during weddings, festivals, and additional local taxes contribute to these elevated rates.
Gold prices in India are affected by both international and domestic factors. Globally, the strength of the US dollar, inflation concerns, interest rates, and geopolitical tensions influence rates.
Gold Price Today: Minor fluctuation in market ahead of Diwali; City-wise rates here
Domestically, regional demand, taxes, making charges, and competition among jewelers play key roles. Experts advise buyers to consider these factors and compare rates before making purchases.
For consumers planning to buy gold, Kerala and Delhi NCR currently offer the most attractive rates. Buyers should also consider purity, making charges, and certification when purchasing.
