Gold slips, silver drops to ₹2.17 lakh/kg; jewellers cut retail rates
Gold and silver prices dipped on July 13 on weak global bullion cues, with MCX gold down 1.2% and silver off 2.23%. 24K gold traded at ₹1,44,470/10gm in Delhi. Jewellery retailers Tanishq, Joyalukkas and Malabar posted retail rates near ₹13,230-14,482/gram, shaping jewellery pricing and margins.
What happened
Gold and silver prices dipped slightly on July 13 on weak global bullion cues. Jewellery retailers Tanishq, Joyalukkas and Malabar posted retail rates near
Key facts
- 24K gold ₹1,44,470/10gm Delhi
- 22K gold ₹1,32,440/10gm Delhi
- silver ₹2,34,900/kg
- MCX gold -1.2%
- MCX silver -2.23%
- Tanishq 22K ₹13,275/gram
Why this matters
Commodity price dips create a window to lock inventory and hedging terms, and to reassess sourcing partnerships against peers repricing at ₹1,44,470/10gm.
What to watch
- Next 3-5 sessions of MCX gold/silver direction
- USD index and US rate expectations driving global bullion
- Domestic wedding/festival demand calendar
- Import duty or GST commentary on bullion
- Rupee-dollar exchange rate shifts
- Retailers push time-limited making-charge waivers and dip-price campaigns to convert lower rates into volume
- Inventory restocking at lower spot to protect margin on next price uptick
- Digital gold and coin/bar promotions targeting investment-minded dip buyers
- Dynamic per-gram rate updates across store networks to stay competitive