Gold retains its dual importance in India as a cultural symbol and investment asset. On September 12, 2025, domestic gold rates in major Indian cities remained higher compared to Dubai when converted to INR. This difference is driven by currency exchange rates, local demand, import duties, and taxes.
City | 24K Gold (10g) | 22K Gold (10g) |
Chennai | ₹110,050 | ₹100,879 |
New Delhi | ₹109,580 | ₹100,448 |
Mumbai | ₹109,740 | ₹100,595 |
Note: Rates are based on updates between 11:45–11:55 AM IST on September 12, 2025. Prices may fluctuate intraday.
With the exchange rate at 1 AED = ₹23.99, Dubai gold prices converted into INR show the following values:
Purity | Dubai Price (AED/gram) | INR/gram | INR/10 gram |
24K | 440.50 | ₹10,574 | ₹105,740 |
22K | 408.00 | ₹9,789 | ₹97,890 |
21K | 391.00 | ₹9,380 | ₹93,800 |
18K | 335.00 | ₹8,038 | ₹80,380 |
Note: Prices reflect Dubai’s morning gold rates on September 12, 2025, and are subject to change.
Karat | Chennai Price (10g) | Dubai Price (10g) | Price Difference |
24K | ₹110,050 | ₹105,740 | ₹4,310 |
22K | ₹100,879 | ₹97,890 | ₹2,989 |
Note: Differences exclude VAT, import duties, and making charges.
Read More: Gold ETF AUM Jumps 94% YoY, Silver ETF Inflows Hit ₹1,759 Crore in August.
As of September 12, 2025, gold prices in Dubai remain lower than domestic rates in Chennai for both 22K and 24K gold. The price difference is influenced by factors such as exchange rates, local demand, import duties, and taxes. Buyers and investors should consider these variations along with applicable charges before making purchase decisions.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute personal investment advice and does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
Published on: Sep 12, 2025, 12:04 PM IST
Neha Dubey
Neha Dubey is a Content Analyst with 3 years of experience in financial journalism, having written for a leading newswire agency and multiple newspapers. At Angel One, she creates daily content on finance and the economy. Neha holds a degree in Economics and a Master’s in Journalism.
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