Gold dips on MCX as Tanishq, Malabar and Joyalukkas hold 22K rates near ₹13,230–₹13,260/g
Domestic bullion futures weakened on July 29, with MCX gold down 0.88% and silver down about 2%. Retail jewellers’ 22K prices remained tightly clustered across major Indian cities, signalling limited immediate pass-through of the intraday correction to showroom rates.
Domestic gold and silver prices eased with weaker international bullion markets. MCX gold fell 0.88% and silver about 2%, while major jewellers including Tanishq, Malabar and Joyalukkas maintained closely clustered retail rates across Indian markets.
Why this matters
Tanishq’s steady 22K pricing follows recent signals on its US rollout, including the New Jersey store opening and Chicago as a next expansion target.
Retail-brand is accelerating, up 182800% QoQ.