22-carat gold rises ₹49 to ₹13,790 per gram in India
BusinessLine reports India's 22-carat gold rate at ₹13,790 per gram on September 30. Among the tracked cities, quotes ranged from ₹13,710 in Chennai and Hyderabad to ₹13,860 in Kolkata, providing a pricing benchmark for jewellery retail.
The development
Gold prices in India rose to ₹13,790 for 1 gram of 22-carat gold, up by ₹49, on September 30. Delhi quoted ₹13,810, Mumbai ₹13,760 and Chennai ₹13,710 for 1 gram of 22-carat gold.
The numbers
- India: ₹13,790 for 1 gram of 22-carat gold (up by ₹49)
- Delhi: ₹13,810 for 1 gram of 22-carat gold (up by ₹45)
- Mumbai: ₹13,760 for 1 gram of 22-carat gold (up by ₹45)
- Kolkata: ₹13,860 for 1 gram of 22-carat gold (up by ₹45)
- Chennai: ₹13,710 for 1 gram of 22-carat gold (up by ₹70)
Why it matters to operators and investors
Review 22-carat jewellery quotes against the ₹13,790/g benchmark and ₹13,710–₹13,860/g city range, balancing margin protection with customer affordability.
What to watch next
- Whether the reported benchmark is confirmed across comparable purity, tax treatment and timestamps.
- Persistence of the increase over several trading sessions rather than a single daily move.
- Changes in store conversion, grams sold per transaction and old-gold exchange share.
- Making-charge discounts and gross-margin trends alongside nominal sales growth.
- Whether the reported ₹150/g city spread persists on a like-for-like basis, affecting shoppers' price comparisons.