Gold steady, silver slips below ₹2.2 lakh/kg; Tanishq, Malabar quote fresh July 16 rates
Gold held firm July 16 on weak global bullion while silver eased. Retail jewellers set per-gram rates: Tanishq 24K at ₹14,405/gm and 22K at ₹13,205/gm; Malabar 24K at ₹14,356/gm. Delhi 24K spot ₹1,43,730/10gm; silver ₹2,34,900/kg. Futures softened, pressuring jeweller margins.
Gold prices held stable July 16 amid weak global bullion, with silver slipping. Retail jeweller rates listed: Tanishq, Malabar and Joyalukkas quoting per-gram gold prices across major Indian cities, relevant to jewellery retailers' margins.
Why this matters
Tanishq's daily rate updates come as the brand pushes global expansion, having just opened its first US store in New Jersey and flagged America as a major opportunity for Indian retail brands.
Retail-brand signals accelerating, up +309400% QoQ.