Domestic bullion counters are witnessing steady gold rates after experiencing substantial volatility in recent sessions. As cumulative selling pressure over the last three weeks exceeded six percent, retail buyers and bullion investors are closely evaluating price points across purity standards in physical outlets and benchmark associations.
Current Retail Rates for Standard Purities
Across key retail markets, 22-carat gold held completely flat at Rs 12,780 per single gram. A standard 8-gram weight is listed at Rs 102,240, while a 10-gram purchase stands at Rs 127,800. For bulk acquisitions of 100 grams, the price stands at Rs 1,278,000.
Pure 24-carat gold is changing hands at Rs 13,942 for 1 gram, taking the 10-gram price to Rs 1,39,420. For lightweight and studded jewelry segments, 18-carat gold is priced at Rs 10,456 per 1 gram and Rs 1,04,560 for 10 grams, maintaining parity across primary bullion centers.
Store Pricing at Major Chains and Joyalukkas
Alternative retail quotations placed 22-carat gold at Rs 12,730 per 1 gram and Rs 1,27,300 per 10 grams. In this specific pricing tier, 24-carat gold stood at Rs 13,887 for 1 gram and Rs 1,38,870 for 10 grams.
Retail outlets of Joyalukkas listed 22-carat gold at Rs 12,730 per 1 gram, making 10 grams available at Rs 1,27,300. These specific retail rates are active across outlets in Andhra Pradesh, Delhi, Gujarat, Karnataka, Kerala, Maharashtra, and Odisha. Buyers in these states can obtain hallmark jewelry based on these standardized showroom levels, subject to state levies and fabrication charges.
IBJA Benchmark Prices Across Purity Tiers
The India Bullion and Jewellers Association provides a comprehensive price structure based on exact fineness. Gold of 999 purity stands at Rs 14,005 per 1 gram, while 995 purity metal is quoted at Rs 13,949 per gram. Standard 916 purity hallmark gold trades at Rs 12,829 per single gram.
Lower purity grades include 750 purity metal at Rs 10,504 per gram and 585 purity gold at Rs 8,193 per gram. This tiered pricing allows buyers to evaluate standard investment bars, traditional 22-karat wedding ornaments, and modern 14-karat fashion jewelry with clear purity markers.
Weekly Market Pressure and Technical Levels
Despite brief mid-week recoveries, selling momentum gathered pace into the weekend, dragging bullion down roughly 0.50 percent across the weekly cycle. Over the past three weeks, cumulative liquidations have topped 6 percent, pointing to cautious market participation.
Technically, Rs 1,38,500 remains a pivotal support base, while Rs 1,43,500 acts as immediate overhead resistance, according to Jateen Trivedi, VP Research Analyst for Commodity and Currency at LKP Securities. Key external triggers will include geopolitical developments surrounding US-Iran tensions, broader US political developments, and key US macroeconomic releases such as unemployment figures and non-farm payrolls.
