Gold's 7.5% slide from peak primes wedding-season jewellery rebound in Tier 2/3 India
Gold dropped 1.51% to Rs 1,48,484/10g — sharpest fall since May's duty hike — and silver slid 18% from highs to Rs 2.36 lakh/kg. Jewellers led by IBJA and D P Abhushan expect demand revival from June 16 as Adhik Maas ends, with lighter, lower-carat pieces gaining share in Tier 2/3 cities that drive 60% of India's 800-850 tonne annual demand.
What happened
India Bullion and Jewellers Association (IBJA) · Gold fell 1.51% to Rs 1.48 lakh/10g and silver 1.37%, the sharpest drop since May's duty hike. Jewellers expect
Key facts
- Rs 1,48,484 per 10g
- -1.51%
- -7.5% from Rs 1.6 lakh peak
- silver -18% to Rs 2.36 lakh/kg
- import duty 6% to 15%
- 800-850 tonnes annual demand
- 60% rural
Why this matters
Regional Tier 2/3 jewellery chains become more attractive bolt-on targets as the price reset revives footfall and exposes scale gaps in lighter-carat assortments.