Gold at Rs 1.46 lakh per 10 gm; silver crosses Rs 2.27 lakh per kg
India-level 24K gold stood at Rs 1,46,370 per 10 gm and 999-fine silver at Rs 2,27,690 per kg on July 23. Chennai recorded the highest metro prices, raising jewellery retailers’ pricing and inventory stakes.
Indian gold and silver prices rose sharply, with 24K gold at Rs 1,46,370 per 10 gm and silver at Rs 2,27,690 per kg. Chennai recorded the highest metro prices, relevant for jewellery retailers’ pricing and inventory decisions.
Why this matters
No related recent retail-company signals were provided. Elevated gold and silver prices increase jewellery retailers’ working-capital, pricing and inventory risks.
Retail-company signals are accelerating, up 1,024,200% QoQ.