Gold holds below ₹1.5 lakh/10gm as Tanishq, Joyalukkas, Malabar quote steady 22K rates
24K gold sits at ₹1,42,200/10gm and silver holds near ₹2,34,900/kg amid a stronger dollar. Tanishq's 22K rate of ₹13,275/gram carries an ₹80/gram premium over Joyalukkas and Malabar at ₹13,195/gram across major metros.
What happened
Gold stays below ₹1.5 lakh per 10gm and silver holds steady amid stronger dollar. Jewellery retailers Tanishq, Joyalukkas and Malabar quote 22K rates, with
Key facts
- 24K gold Delhi ₹1,42,200/10gm
- 22K gold Delhi ₹1,30,360/10gm
- silver ₹2,34,900/kg
- Tanishq 22K ₹13,275/gram
- Joyalukkas/Malabar 22K ₹13,195/gram
Why this matters
The narrow ₹80/gram spread between Tanishq and Joyalukkas/Malabar underscores tight competitive positioning that could shape consolidation or partnership economics in the branded jewellery space.
What to watch
- 24K gold breaching ₹1.5 lakh/10gm
- Dollar index and USD-INR moves
- Wedding/festival season demand data
- Peer making-charge or discount announcements
- Silver ₹2.35 lakh/kg breakout
- Tanishq defends premium via exclusive collections and exchange offers rather than rate cuts
- Regional chains push making-charge waivers and gold-rate lock-in schemes to close the gap
- Retailers accelerate digital gold and monthly savings plans to smooth demand around price ceiling
- Inventory hedging tightens as ₹1.5 lakh psychological level approaches