22-carat gold rises ₹49 to ₹13,790 per gram on September 30
BusinessLine reports the eight-gram rate increased ₹392 to ₹1,10,320. Prices also rose across listed cities including Coimbatore, Nagpur, Surat, Jaipur and Lucknow.
The development
Gold prices in India rose by ₹49 to ₹13,790 for 1 gram of 22-carat gold on September 30. The rate for 8 grams increased by ₹392 to ₹1,10,320, with prices also rising across the listed Indian cities.
The numbers
- September 30
- 22-carat
- 1 gram
- ₹13,790
- ₹49
Why it matters to operators and investors
Review 22-carat jewellery pricing after the September 30 rise of ₹49 to ₹13,790 per gram, and monitor conversion as customer ticket sizes increase.
What to watch next
- Whether the ₹49-per-gram increase reverses or becomes a multi-session trend.
- Store conversion and grams per invoice versus rupee sales.
- Old-gold exchange share and demand for lightweight pieces.
- Making-charge discounts and other promotions that could pressure margins.
- Inventory turnover, supplier credit terms and replenishment funding costs.