Gold hits ₹1.45 lakh per 10g as jewellery retailers face elevated input costs
On July 31, 24K gold was quoted at ₹1,44,950 per 10g and 999 fine silver at ₹2,20,520 per kg. Gold was up more than 46% year-on-year, while silver had nearly doubled, sharpening pricing, inventory and demand-planning pressure for jewellers.
India’s gold and silver rates remained elevated on July 31, with 24K gold at Rs 1.45 lakh per 10gm and silver at Rs 2.21 lakh per kg. The sharp annual gains are relevant to jewellery retailers’ pricing, inventory and consumer demand planning.
Why this matters
The move extends recent volatility: gold futures rose to ₹1.44 lakh on firm spot demand, then slipped 0.28%, while ₹1.43 lakh pricing had already increased jewellery retail pressure.
retail-company is accelerating, up +255340% QoQ.