Precious metal prices in India moved higher on Saturday, building upon Friday's upward trajectory as easing pressure from a softer US dollar and descending Treasury yields encouraged fresh bullion buying across physical retail markets. Across major domestic centers, benchmark 24K gold rose by Rs 710, representing a 0.47% daily advance from the prior session, settling at Rs 1,51,420 per 10 grams. At the same time, standard 22K jewellery grade gold climbed to Rs 1,38,800 per 10 grams.
Tanishq Adjusts Retail Price Across Weights
Retail jewellery heavyweight Tanishq marked up its 22K gold rate by Rs 65 per gram, an increase of 0.47%, bringing the per-gram price to Rs 13,925. Under this updated card, acquiring 10 grams of 22K gold costs Rs 1,39,250, higher by Rs 650, while a larger 100-gram lot requires Rs 13,92,500 after an upward revision of Rs 6,500. For an 8-gram unit, frequently used for sovereign coins and lightweight bangles, the price stands at Rs 1,11,400, reflecting a rise of Rs 520. This follows an even sharper upswing on Friday, when Tanishq had raised its 22K price by Rs 1,050 per 10 grams in a single day. Over the course of the two trading days, Tanishq's 22K bullion has climbed by up to Rs 1,700 per 10 grams. Looking back at Friday's closing tags, the retailer quoted 24K gold at Rs 15,120 per gram and 18K purity at Rs 11,340 per gram.
Kalyan Jewellers Quotes Higher Board Rate in Bengaluru
In Bengaluru, pricing structures at Kalyan Jewellers placed 22K gold at Rs 14,240 per gram. For retail consumers, this translates to Rs 1,13,920 for an 8-gram sovereign, Rs 1,42,400 for a 10-gram denomination, and Rs 14,24,000 for a bulk 100-gram order. This retail tag places Bengaluru stores of Kalyan Jewellers at a noticeable premium over board rates offered by national competitors such as Tanishq, Malabar Gold, and Joyalukkas, where identical 10-gram weights of 22K gold are offered at Rs 1,39,250 and Rs 1,38,800 respectively.
Malabar Gold Prices Reflect Steady Gains
Malabar Gold listed its hallmark 22K (916) variety at Rs 13,880 per gram, which calculates to Rs 1,38,800 for 10 grams and Rs 13,88,000 for 100 grams. For fine 24K (999) gold, the jeweller announced a rate of Rs 15,142 per gram, equating to Rs 1,51,420 for 10 grams and Rs 15,14,200 for 100 grams. Compared against Friday's figures of Rs 13,815 per gram for 22K and Rs 15,071 per gram for 24K, the Saturday adjustments mark an addition of Rs 65 per gram on 22K and Rs 71 per gram on 24K, amounting to an identical increase of roughly 0.47%.
Joyalukkas Updates 24K, 22K, and 18K Price Board
At Joyalukkas, 24K purity gold was quoted at Rs 15,142 per gram, placing 10 grams at Rs 1,51,420. The chain listed 22K ornament gold at Rs 13,880 per gram or Rs 1,38,800 for 10 grams, alongside 18K purity at Rs 11,356 per gram, working out to Rs 1,13,560 per 10 grams. Much like peer chains, Joyalukkas saw its 22K rate advance by Rs 65 per gram over Friday's level.
