Gold jewellery prices at major Indian retailers declined marginally on Monday, June 29, providing a brief pause in the upward pressure that has characterized the market in recent weeks.
Leading chains including Joyalukkas, Malabar Gold & Diamonds, and Tanishq adjusted their retail rates downward, with 22-carat gold settling around Rs 13,110 per gram in key metropolitan hubs such as Delhi, Mumbai, and Hyderabad.
Global spot gold prices retreated earlier in the week, falling by $10 to reach $4,088 per ounce.
The local price adjustment mirrors a softening trend in international markets.
Global spot gold prices retreated earlier in the week, falling by $10 to reach $4,088 per ounce.
This decline in the benchmark international rate triggered immediate repricing across Indian retail outlets, where local premiums are closely tied to global spot movements and currency fluctuations.
This latest dip follows a similar correction on Tuesday, June 23, when jewellery prices across major Indian retailers fell, offering consumers a temporary respite after a volatile period.