In the 24-carat category, often regarded as the benchmark for pure investment-grade gold, the price per gram settled at ₹15,431, reflecting a decrease of ₹229 from yesterday’s closing of ₹15,660. For those looking at larger primary market transactions, the 10-gram rate now stands at ₹1,54,310, while the bulk 100-gram price retreated by a substantial ₹22,900 to reach ₹15,43,100. This contraction in the 99.9% purity segment suggests a cooling off in the high-stakes investment sector, potentially triggered by a strengthening currency or global institutional sell-offs.
The 22-carat segment, which dominates the Indian ornamental jewelry market, followed a similar downward trajectory. Retailers in Mumbai reported a per-gram price of ₹14,145 today, down by ₹210 from the previous day’s high of ₹14,355. This brings the cost of the standard 10-gram sovereign to ₹1,41,450, a welcome relief for households planning wedding-related purchases. Even the 18-carat variant, popular for stone-studded and contemporary daily-wear jewelry, saw its value dip to ₹11,573 per gram, representing a decline of ₹172 from yesterday’s rate of ₹11,745.
As the financial capital reacts to these revised rates, market analysts are closely monitoring whether this dip will trigger a fresh wave of retail buying or if the bearish sentiment will persist into the coming week. While the price drop is significant in the short term, the broader implications for the jewelry industry remain tied to upcoming festive demand and macroeconomic stability. For now, the cooling of prices provides a strategic window for both individual collectors and institutional players to reassess their positions in the gold market, ensuring that the city’s appetite for the precious metal remains a central pillar of its economic landscape.
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