For those seeking the highest purity, 24-carat gold—often referred to as 99.9% fine gold—is currently trading at ₹15,617 per gram. This represents a decrease of ₹32 from yesterday’s rate of ₹15,649. For the standard 8-gram sovereign, the price now stands at ₹1,24,936, down by ₹256. Larger denominations, such as the 10-gram and 100-gram units, are priced at ₹1,56,170 and ₹15,61,700 respectively, marking a daily decline of ₹320 and ₹3,200. These figures underscore a broader trend of cautious trading as the market digests recent inflationary data.
The 22-carat segment, which constitutes the bulk of the jewelry market demand in Mumbai, followed a similar trajectory. The price per gram for 22K gold has moved to ₹14,315, down by ₹30 from the previous session. Investors purchasing an 8-gram piece will find it priced at ₹1,14,520, a reduction of ₹240. Meanwhile, the benchmark 10-gram rate is currently situated at ₹1,43,150, reflecting a ₹300 drop. For high-volume traders, the 100-gram rate has seen a notable shift of ₹3,000, bringing the current price to ₹14,31,500
In the 18-carat category, which is increasingly favored for contemporary stone-studded jewelry, prices settled at ₹11,713 per gram, down by ₹24. The 10-gram rate for 18K gold saw a reduction of ₹240, bringing it to ₹1,17,130, while the 100-gram price adjusted by ₹2,400 to settle at ₹11,71,300. This across-the-board cooling of prices suggests a momentary equilibrium in the market, though analysts suggest that the underlying demand remains robust due to the wedding season and traditional investment sentiment. As the weekend approaches, stakeholders will be closely monitoring international spot prices and central bank signals to determine if this downward trend persists or if a price rebound is imminent.
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