Tanishq, Malabar hold gold rates broadly flat as 24K prices top ₹1.51 lakh per 10 gm
On September 24, retail gold rates across major Indian cities ranged from ₹1.51 lakh to ₹1.52 lakh per 10 gm for 24K gold. Tanishq quoted ₹14,180 per gm for 22K gold and ₹15,469 for 24K, while Malabar Gold & Diamonds listed ₹14,135 and ₹15,420 respectively.
What happened
Indian gold and silver retail rates remained under pressure, with city-level 24K and 22K prices detailed. Tanishq, Joyalukkas and Malabar Gold & Diamonds held
Key facts
- 24K gold: ₹1,51,100-₹1,51,800 per 10 gm across listed cities
- 22K gold: ₹1,38,508-₹1,39,150 per 10 gm across listed cities
- Silver: ₹2,33,810 per kg in listed cities
- Tanishq 22K: ₹14,180 per gm
- Tanishq 24K: ₹15,469 per gm
What changed
Indian gold and silver retail rates remained under pressure, with city-level 24K and 22K prices detailed. Tanishq, Joyalukkas and Malabar Gold & Diamonds held quoted rates broadly flat, while MCX bullion futures showed mixed intraday movements.
Why this matters
Tanishq and Malabar’s stable branded rates despite higher futures signal near-term pricing discipline, though sustained bullion inflation may test volume demand and margin resilience.
What to watch
- MCX gold sustaining above ₹1.54 lakh per 10 gm or moving materially higher for several sessions.
- Daily increases in branded 24K retail rates above the ₹1.52 lakh per 10 gm range.
- Festival and wedding-season footfall, booking volumes and average transaction weights.
- Growth in old-gold exchange transactions versus fresh-gold purchases.
- Rupee movement, global gold prices, US rate expectations and geopolitical risk signals.