Today’s Gold Jewellery Prices at Malabar Gold and Tanishq

Quick Summary

• Gold prices in India surged to a record high, surpassing Rs 90,000 per 10 grams, driven by inflation, global economic uncertainties, and a weaker US dollar.
• Current rates for 22K gold jewelry as of March 19, 2025 (2 PM IST):

– Tanishq: Rs 8,350/gram
– Malabar Gold & Diamonds: Rs 8,290/gram
– Joyalukkas: Rs 8,290/gram

• Indicative retail gold rates by IBJA (excluding GST and making charges):

– 999 (24K Fine Gold): Rs 8,868/gram.
– 22K Gold: Rs 8,655/gram.
– 18K Gold: Rs 7,183/gram.

Key notes on Jewellery Pricing:

• Jewellers calculate price using the formula: {Gold price X weight in grams} + Making charges + GST at 3% + Hallmarking charges.
• Prices vary due to factors such as transportation or insurance costs.

Hallmarking Details:

• A hallmark in gold jewellery includes the BIS logo (purity guarantee), purity level/fineness in karats/carats (e.g.,”22K”),and HUID number mandated since July 1,2021.

Indian Opinion Analysis

The sharp rise in gold prices underscores India’s dependence on the commodity as both an investment asset and a cultural tradition linked closely to weddings and festivals. This price surge comes amid global economic volatility marked by inflationary pressures and currency fluctuations. For those holding older reserves of gold jewellery or coins without hallmarks or invoices from previous purchases may find navigating resale valuations challenging under these elevated costs.

On a broader scale for small consumers-checking hallmark certifications is warranted-mandatory hallmark reforms updated with six-digit HUID system boosts purity trustworthiness transactional competitiveness needed poised aiding export image aside local populace tread fair norms;”>

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