Domestic bullion markets witnessed a modest recovery in gold prices following the significant drop recorded on Thursday. Across 24-karat, 22-karat, and 18-karat jewellery segments, prices clawed back some ground after the mid-week drop. The retail movement of bullion in India remains closely tethered to global shifts, where currency strength and government bond yields continue to steer precious metal trends.
Global Market Headwinds And Monetary Policy Pressures
In the overseas trade, spot gold traded near $4,270 per ounce on Friday and stood on course for a weekly slump exceeding 2 percent. Insights from Trading Economics highlight that surging US Treasury yields alongside a firming greenback have exerted sustained downward pressure on bullion. Investor sentiment has been weighed down by mounting expectations that the Federal Reserve may feel compelled to implement further interest rate hikes to bring persistent inflation back under control. High yields on government debt and elevated currency valuations traditionally dim the appeal of non-yielding assets such as gold.
Retail Pricing At Tanishq Across Purity Categories
At prominent jewellery retailer Tanishq, 22-karat gold was quoted at Rs 14,055 per gram, translating to Rs 1,40,550 for a standard 10-gram bar or ornament piece. This marks an upward tick of roughly 0.11 percent for 22K metal at the brand. For buyers seeking 24-karat fine gold, the Tanishq rate reached Rs 15,333 per gram. Meanwhile, the lower-purity 18-karat gold, frequently selected for gemstone-studded ornaments, stood at approximately Rs 11,500 per gram at the outlet.
Current Pricing At Malabar Gold And Joyalukkas
Malabar Gold reported its retail quote for 22-karat gold at Rs 14,010 per gram. For pure 24-karat gold, the brand listed its trading price at Rs 15,284 per gram.
Joyalukkas matched several of these benchmark levels across its retail network. The 24-karat gold rate at Joyalukkas was set at Rs 15,284 per gram, while 22-karat ornamental gold hovered at Rs 14,010 per gram. For consumers seeking 18-karat gold items, the counter rate at Joyalukkas stood at Rs 11,463 per gram.
Kalyan Jewellers Rates In Major Metropolitan Hubs
At Kalyan Jewellers, the retail valuation for 22-karat gold was recorded at Rs 14,240 per gram, which equates to Rs 1,42,400 per 10 grams. This specific rate was reflected across leading metropolitan centres, including Delhi, Mumbai, Bengaluru, Chennai, and other prominent cities. Local logistics, store overheads, and jurisdictional municipal taxes can occasionally create marginal differentials, yet the primary base price remained aligned with this standard.
India Bullion And Jewellers Association Benchmark Rates
National wholesale and retail benchmarks in the country are closely guided by the daily updates issued by the India Bullion and Jewellers Association. Under the latest IBJA data, retail selling rates for 999-purity fine 24-karat gold stood at Rs 15,079 per gram. The trade body fixed the rate for 22-karat gold at Rs 14,717 per gram, while 18-karat gold reached Rs 12,214 per gram. These association figures serve as an essential reference point for jewelers and retail consumers nationwide before factoring in making charges and statutory goods and services taxes.
