Higher interest rates remain a headwind for non-yielding gold, while markets watch global economic risks and geopolitical tensions in West Asia. Gold prices in India follow international spot bullion, USD/INR movements and festive-season buying, and retail purchases attract a 3% GST on the metal plus 5% GST on making charges. On October 18, 2026, major retail chains kept prices mostly unchanged: Joyalukkas and Malabar quoted 22K gold at ₹13,235 per gram, Tanishq at ₹13,275, while 24-carat gold was ₹14,438 at Malabar and ₹14,482 at Tanishq (estimated). Price differences between brands reflect store-level pricing, inventory costs and regional logistics.
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Major Indian jewellery chains kept gold prices mostly unchanged on October 16, 2026. Joyalukkas and Malabar Gold & Diamonds quoted 22K gold at ₹13,515 per gram across most states, while Tanishq quoted ₹13,555. For 24K gold, Malabar quoted ₹14,744 per gram and Tanishq ₹14,787, the latter estimated from the prevailing purity premium. Higher interest rates remain a headwind for non-yielding gold, and retail purchases attract 3% GST on the metal's value and 5% GST on making charges.
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