Gold steady, silver slips below ₹2.2 lakh/kg; Tanishq, Malabar quote fresh July 16 rates
Gold held firm July 16 on weak global bullion while silver eased. Retail jewellers set per-gram rates: Tanishq 24K at ₹14,405/gm and 22K at ₹13,205/gm; Malabar 24K at ₹14,356/gm. Delhi 24K spot ₹1,43,730/10gm; silver ₹2,34,900/kg. Futures softened, pressuring jeweller margins.
What happened
Gold prices held stable July 16 amid weak global bullion, with silver slipping. Retail jeweller rates listed: Tanishq, Malabar and Joyalukkas quoting per-gram
Key facts
- 24K gold ₹1,43,730/10gm Delhi
- 22K gold ₹1,31,760/10gm Delhi
- silver ₹2,34,900/kg
- gold futures down 0.36% at ₹1.41 lakh/10gm
- silver futures down 0.42% to ₹2.19 lakh/kg
- Tanishq 22K ₹13,205/gm
- Tanishq 24K ₹14,405/gm
- Malabar 24K ₹14,356/gm
Why this matters
Tightening jeweller margins amid volatile bullion futures could accelerate consolidation opportunities and hedging-focused partnerships across branded retail chains like Tanishq and Malabar.
What to watch
- COMEX gold/silver and USD-INR moves setting next-day domestic spot
- MCX gold/silver futures direction and premium/discount to spot
- Wedding-season and festival demand indicators from urban retail
- Import duty or GST commentary affecting landed bullion cost
- Jewellers recalibrate daily per-gram rates in line with softening futures to protect margins
- Promotional making-charge waivers or exchange offers to sustain footfall during price weakness
- Silver-focused buyers time entries below ₹2.2 lakh/kg for coin/bar accumulation