Domestic bullion markets witnessed steady trading action on Tuesday as buyers and investors tracked price movements across top jewellery houses and official bullion associations. Market participants evaluated rates across 24-carat, 22-carat, and 18-carat categories, with fresh price updates scheduled to roll out after 10:00 am on Tuesday.
Current Retail Prices for 24K, 22K, and 18K Gold
Prevailing market numbers show that 22-carat gold stands at Rs 14,215 per single gram. For an 8-gram purchase, the price sits at Rs 113,720, while the 10-gram denomination costs Rs 142,150. Buyers opting for larger quantities face an outlay of Rs 1,421,500 per 100 grams of 22-carat purity.
Higher-purity 24-carat gold trades at Rs 15,507 for 1 gram and Rs 1,55,070 for 10 grams. Meanwhile, 18-carat gold, widely selected for specific jewellery designs, stands at Rs 11,630 per 1 gram and Rs 1,16,300 for 10 grams across standard trading counters.
Official IBJA Rates Across Purity Categories
The India Bullion and Jewellers Association, known as IBJA, benchmarked its trading levels across detailed purity tiers. The benchmark 999 purity gold reached Rs 15,334 per 1 gram. The 995 purity grade stood at Rs 15,272 per gram, while 916 purity hallmarked gold settled at Rs 14,046 per gram.
Lower purity brackets tracked by the association also shifted. Gold carrying 750 purity stood at Rs 11,500 per gram, whereas 585 purity gold was quoted at Rs 8,970 per gram. In parallel segment readings, 22-carat gold traded at Rs 14,170 per 1 gram and 24-carat gold was recorded at Rs 15,458 per 1 gram.
Retail Quotations at Kalyan and Joyalukkas
Prominent retail chains reflected regional pricing patterns across their retail showrooms. At Kalyan counters, 22-carat gold posted at Rs 14,240 per 1 gram and Rs 1,42,400 per 10 grams. These figures offer buyers a clear benchmark when calculating ornament fabrication costs.
At the retail outlets of Joyalukkas, 10 grams of gold stood at Rs 1,41,700, with the single-gram rate listed at Rs 14,170. Consumers evaluating festive or wedding purchases continue to compare these varied retail store listings against baseline association numbers.
Market Analysis and Currency Dynamics
Jateen Trivedi, VP Research Analyst for Commodity and Currency at LKP Securities, outlined the underlying drivers shaping the bullion market. He noted that gold prices faced mild profit booking after the Dollar Index climbed past the 100 threshold, which added downward pressure on bullion.
Trivedi highlighted that softer crude oil prices continue to provide support to gold sentiment, and the $4,250 zone serves as solid technical footing. With US macroeconomic data releases quiet outside of midweek manufacturing statistics, he anticipates gold may stay range-bound yet volatile, tracking a COMEX range of $4,250 to $4,450 and an MCX corridor of Rs 1,51,000 to Rs 1,56,000.
