Gold prices ease across major Indian metros; 22K rates down ₹14 per gram
Gold rates declined versus the previous day across major Indian cities. India’s 22K gold price stood at ₹14,075 per gram, while 24K prices ranged from ₹14,700 in Chennai to ₹14,852 in Kolkata.
What happened
retail-company · Gold prices declined across major Indian metros versus the prior day, with 22K rates ranging from ₹14,000 to ₹14,145 per gram and 24K rates
Key facts
- India 22K: ₹14,075 per gram, down ₹14
- India 22K: ₹1,12,600 per 8 grams, down ₹112
- Delhi 24K: ₹14,800 per gram, down ₹16
- Mumbai 24K: ₹14,747 per gram, down ₹16
- Chennai 24K: ₹14,700 per gram, down ₹11
What changed
Gold prices declined across major Indian metros versus the prior day, with 22K rates ranging from ₹14,000 to ₹14,145 per gram and 24K rates from ₹14,700 to ₹14,852 per gram.
Why this matters
Lower gold rates may support jewellery footfall and conversion, but retailers should align replenishment timing and promotional messaging with continued price volatility.
What to watch
- Whether 24K rates fall below ₹14,700/g across more metros or reverse upward within the next few sessions.
- International spot gold, rupee-dollar movement and domestic import-duty or tax policy signals.
- Jewellery chain commentary on store footfall, wedding bookings, exchange volumes and average ticket size.
- Discounting trends in making charges and retailer gold-rate protection offers.
- Wedding and festival calendar demand, particularly advance purchases for upcoming ceremonies.