Gold dips below ₹1.45 lakh, silver at ₹2.21 lakh; Tanishq, Malabar retail rates shift
Weak global bullion pulled 24K gold to ₹1,43,120-1,44,540 per 10gm and silver to ₹2.44-2.49 lakh/kg. Jewellers Tanishq (22K ₹13,165/gm), Malabar (24K ₹14,012/gm) and Joyalukkas reprice across Delhi, Mumbai, Bengaluru, Kolkata, Hyderabad, Chennai. Senco Gold shares rose on a Q1 update.
What happened
Gold slipped below ₹1.45 lakh and silver to ₹2.21 lakh on weak global bullion. Jewellery retail rates listed for Tanishq, Malabar, Joyalukkas across major
Key facts
- 24K gold ₹1,43,120-1,44,540 per 10gm
- 22K gold ₹1,31,190-1,32,490 per 10gm
- silver ₹2,44,900-2,49,900 per kg
- MCX gold -0.24% at ₹1.43 lakh
- Tanishq 22K ₹13,165/gram
- Malabar 24K ₹14,012/gram
Why this matters
Softer bullion and synchronized city-level repricing by major chains underscore a fragmented, price-sensitive market ripe for consolidation or private-label scaling, with Senco's positive Q1 read a cue to watch mid-cap jewellers for partnership or acquisition angles.
What to watch
- COMEX/global bullion overnight moves and USD index
- INR-USD spot affecting import-parity pricing
- MCX gold breaking ₹1.43L support or reclaiming ₹1.45L
- Silver holding ₹2.44-2.49L/kg vs breakdown
- Q1 update follow-through from Senco and peer disclosures
- Festive/wedding season demand data and jeweller footfall
- Jewellers push time-bound discount/making-charge waiver campaigns to convert price-sensitive dip-buyers
- Listed players (Senco, Titan/Tanishq, Kalyan) issue upbeat Q1/festive-quarter guidance to sustain equity momentum
- Inventory restocking at lower spot to protect gross margins on hedged positions
- Retail marketing pivots to 'lock rates now' messaging to accelerate conversion