Gold Holds at ₹1,43,950 per 10 Grams as Kalyan Jewellers and Titan Lead Sector Gains
Domestic gold prices paused for breath on Thursday after clocking three consecutive sessions of gains, maintaining bullion rates across major Indian markets. Ten grams of 24-carat gold (99.9% purity) stood unchanged at ₹1,43,950, according to data from Goodreturns.in. The price consolidation in retail bullion provided stability for organised jewellery retailers, sending key sectoral stocks higher in morning trade.
Domestic Bullion Rates Across Purities
The pause in retail prices follows Wednesday's advance, when 24-carat gold climbed by ₹660 per 10 grams. The current spot rates for bullion, excluding local sales taxes, GST, and jeweller making charges, are:
- 24-Carat Gold (99.9% Purity): ₹1,43,950 per 10 grams (₹14,395 per gram)
- 22-Carat Gold (91.6% Purity): ₹1,31,950 per 10 grams (₹13,195 per gram)
- 18-Carat Gold (75.0% Purity): ₹1,07,960 per 10 grams (₹10,796 per gram)
For wholesale and bulk market participants, one kilogram of 24-carat gold remained priced at ₹1,43,95,000, while 22-carat and 18-carat bars were quoted at ₹1,31,95,000 and ₹1,07,96,000, respectively.
Jewellery Stocks Catch Festive Tailwinds
Shares of major Indian jewellery retailers traded largely in the green as steady prices alleviated consumer sticker shock ahead of high-volume Dhanteras and Diwali purchases.
Performance of Key Jewellery Stocks:
- Kalyan Jewellers India: Gained 2.04% to trade at ₹520.40.
- Titan Company: Rose 1.82% to trade at ₹4,416.70.
- PC Jeweller: Advanced 0.76% to trade at ₹15.92.
- Thangamayil Jewellery: Bucked the broader sectoral trend, sliding 1.74% to ₹4,599.00.
Organised retailers continue to capture market share as consumers look for hallmark transparency and structured promotional exchange offers amid elevated gold prices.
Macro Backdrop and Global Triggers
The domestic price stability mirrored global bullion trends as market participants digested the US Federal Reserve's policy announcement. The Federal Open Market Committee left benchmark interest rates unchanged at 3.75%–4.00% on Wednesday, opting for a wait-and-watch approach after previous tightening measures.
For Indian retail buyers and investors, the steadying of gold rates at current elevated levels offers predictability during the wedding and festive season, while keeping margin visibility intact for top domestic jewellery chains.
