The price escalation was equally evident in the 22-carat gold segment, which is the preferred choice for retail jewelry shoppers across the city. Rates for 22-carat gold rose to ₹15,140 per gram, climbing from the previous day’s mark of ₹14,845. For those purchasing in larger quantities, the 100-gram rate now stands at a formidable ₹15,14,000. Even the 18-carat category, typically utilized for diamond-studded ornaments, was not immune to the market heat; prices touched ₹12,388 per gram, gaining ₹242 over the last 24 hours. These figures reflect a broader trend of value appreciation that has gripped the local exchange, leaving buyers to navigate a rapidly changing pricing landscape.
From an administrative and market perspective, such fluctuations are often the result of a complex interplay between international spot prices, currency strength, and domestic import duties. While the immediate impact is most visible at the retail counters of Zaveri Bazaar, the broader implications suggest a tightening grip on the commodity market. This price hike represents a significant jump in a very short window, potentially affecting wedding season demand and long-term investment portfolios. As the market stabilizes at these higher levels, stakeholders are keeping a close watch on global economic indicators to determine if this spike is a momentary peak or the beginning of a sustained period of high-value trading for the yellow metal.
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