Gold rate today in 52 cities

One gold price, 52 city rates

Gold has one international price, quoted in US dollars per troy ounce. Every city rate in the world starts from it: a jeweller in Dubai's Deira souk, a showroom in Chennai, a coin dealer in Paris and a bullion shop on New York's 47th Street all take the same dollar price and convert it at the going exchange rate. This page does that conversion for 52 cities across the Gulf, Asia, Africa, Europe, the Americas and Australia, so you can see the spot-based starting point for each before any local costs are added.

Cities that share a currency share a converted price. Mumbai, Delhi and Chennai show the same rupee figure, and Dubai, Abu Dhabi and Sharjah the same dirham figure. The differences you see at the counter between cities in one country come from local factors: making charges, dealer premiums, competition between shops, and in some countries the rate set each morning by a city jewellers' association. Each city page explains what is typical locally, where gold is bought, which karats are sold, when demand peaks and when the international market is most active in that city's time zone.

Across currencies, the comparison works in reverse. The converted price of gold is the same everywhere once you convert back to dollars, so no city is "cheaper" on the spot price. What changes from country to country is what gets added: VAT or GST on jewellery, import duty, exemptions for investment bars and coins, and the size of the dealer's margin. That is why Gulf prices often look attractive to visitors, and why investment bars cost close to spot in countries that exempt them from tax.

How to use these prices

Use the figures as a reference point. If a quote in your city is a few percent above the number here, that gap is the local cost of buying; if it is far above, ask what is included. Every price on this page and on each city page refreshes automatically from the same data feed as our gold price in 18 currencies page. Exchange rates are mid-market, so a bank or money changer will quote slightly differently. Cities are added when we have a reliable daily exchange rate for their currency; Doha (QAR), Bangkok (THB), Hong Kong (HKD) are not yet listed for that reason.