MalikTimes Lists City-Wise Gold and Silver Rates Daily: What Festive Buyers Should Check

MalikTimes has started publishing daily gold and silver rates for individual cities, according to reporting by Bharat Fast. The timing lines up with the start of festive buying, when many families visit jewellers.

For you, this means an easy way to check a local price before you walk into a shop. Rates can differ a little between cities, so a local number is more useful than a national one.

Key takeaways

• MalikTimes now lists gold and silver rates city by city every day, as reported by Bharat Fast.
• Festive months bring heavy buying, so knowing the day's rate matters more.
• The rate isn't your final price. Making charges and GST are added on top.
• Gold owners can also use the rate to estimate what a gold loan could give them.
• Compare two or three sources before you pay.

How city-wise gold and silver rates work

Gold and silver are traded at a base price that follows world markets and the rupee. Then local factors come in. These include transport costs, local taxes and what jewellers in your area charge.

That's why a gram of gold can cost a little more in one city than in another. The gap is usually small, but it adds up when you buy in bulk. A city-wise list lets you see the number that applies to you.

You can also check our daily gold price page to compare against what you see elsewhere.

What it means for your wallet

Let's use a simple example. Say the rate is ₹10,000 per gram for the gold you want. You plan to buy 10 grams of jewellery. The numbers below are only an illustration, not today's rates.

Item	How it's worked out	Amount
Gold value	10 grams x ₹10,000	₹1,00,000
Making charges	10% of gold value	₹10,000
Subtotal	Gold plus making	₹1,10,000
GST on jewellery	3% of subtotal	₹3,300
Final bill	Subtotal plus GST	₹1,13,300

See how the bill is higher than the plain gold value? Making charges can change from shop to shop. A known daily rate lets you focus your bargaining on that part.

Who is affected

Festive buyers are the most affected. They want to buy jewellery, coins or bars, and a clear rate helps them plan.

Silver buyers gain too. Many people buy silver coins and utensils during festivals, and silver rates are often harder to find.

People with old gold at home are also in the picture. If you want to sell or pledge it, the daily rate gives you a rough idea of its worth. RBI rules let lenders give up to a set share of gold's value as a loan. This share is called loan-to-value, or LTV. You can see per-gram values on our gold loan rate page.

What to do before you buy or borrow

A few simple steps can protect your money. Use this short checklist.

1. Check the city rate from at least two sources on the same day.
2. Ask the jeweller for the purity, such as 22 carat or 24 carat.
3. Ask for making charges in writing, in rupees per gram or as a percentage.
4. Get a bill that lists weight, purity and GST separately.
5. Look for hallmarked jewellery, which shows the purity has been tested.

If you want to borrow against gold instead, read our gold loan guide. Compare interest rates and fees. Use an EMI calculator to see what you'll repay.

Frequently asked questions

Why do gold rates differ from city to city?

Local taxes, transport costs and jeweller demand all play a part. The gap is usually small, but it's real.

Is the published rate the price I'll pay?

No. You'll also pay making charges and GST. The final bill is usually higher than the plain gold rate.

Can I use the daily rate to guess my gold loan amount?

Yes, as a rough guide. Multiply your gold's weight and purity value by the lender's LTV share. The lender's own valuation is what counts.