Overview
On 8 September, retail prices for gold and silver are reported across major Indian cities, including 24K and 22K gold as well as 999 silver. Rates can vary by locality due to factors such as making charges, taxes and dealer margins. This summary reflects published retail quotes and recent MCX market movements.
Understanding the grades
24K gold is nearly pure gold, while 22K contains alloy metals that improve durability. The reference for silver is often 999, denoting 99.9% purity.
MCX versus retail rates
MCX updates track futures activity and may diverge from retail prices, which are influenced by local demand, taxes and margins.
Retail pricing by city
- Delhi: typical quotes for 24K, 22K and 999 silver are published by local dealers
- Mumbai: city quotes for 24K, 22K and silver are updated regularly
- Kolkata: local rates for 24K, 22K and 999 silver
- Other major cities: consult regional jewellers for current quotes
Notes for buyers
When purchasing, include making charges and applicable taxes in the total. Retail rates differ from wholesale MCX prices.
