Gold slips 0.5%, silver falls to ₹2.33 lakh/kg; Tanishq, Malabar 22K near ₹13,450-13,485/g
MCX gold dipped 0.52% to ₹1.46 lakh/10g and silver dropped over 1% to ₹2.33 lakh/kg. Retail jewellers Tanishq (22K ₹13,485/g), Joyalukkas and Malabar (22K ₹13,450/g, 24K ₹14,673/g) quoted rates varying by brand policy and region across Delhi, Mumbai, Bengaluru and other metros.
What happened
Gold dipped 0.5% and silver fell over 1% on MCX. Retail jewellers Tanishq, Joyalukkas and Malabar quoted 22K gold near ₹13,450-13,485/gram, with pricing varying
Key facts
- gold -0.52% at ₹1.46 lakh/10g MCX
- silver ₹2.33 lakh/kg
- Tanishq 22K ₹13,485/g
- Joyalukkas/Malabar 22K ₹13,450/g
- Malabar 24K ₹14,673/g
Why this matters
The persistent per-gram spread between Tanishq, Joyalukkas and Malabar reflects differing brand and regional pricing policies—worth monitoring as a lever in competitive benchmarking and any partnership or M&A pricing-synergy thesis.
What to watch
- MCX gold/silver direction over next 3 sessions
- USD-INR and US Fed rate cues driving bullion
- Wedding/festive calendar demand pull
- Import duty or hallmarking policy chatter
- Tanishq/Malabar to push making-charge waivers or price-lock schemes to convert the dip into bookings
- Regional rate spreads widen as brands adjust GST-inclusive quotes across metros
- Silver-heavy SKUs (coins, lightweight jewellery) promoted to capitalize on the steeper silver fall