Gold Rate Today, July 8: Check 24K & 22K Gold Prices at Tanishq, Malabar Gold, Joyalukkas, Kalyan & IBJA

The retail gold rate today fell for the third consecutive day this week due to drop in demand after a recent surge. The Gold prices in India on Wednesday, July 8 at the leading jewellery retailers such as Tanishq, Malabar Gold & Diamonds, Joyalukkas, and Kalyan Jewellers maintained their gold rates in line with the current domestic bullion prices. Here are the latest gold rate at india's top jewellery stores:

Tanishq Gold Rate Today

Tanishq has kept its gold prices stable for July 8. The retailer is selling 22-carat gold at Rs. 1,33,600 per 10 grams, while 24-carat gold priced at Rs. 1,45,750 per 10 grams. The price of 18-carat gold stands at Rs. 1,09,310 per 10 grams.
However customers must know that the final jewellery price may be different depending on making charges, GST, wastage and the design selected.

Malabar Gold Rate Today

Gold rates at Malabar Gold & Diamonds are slightly lower than tanishq. The 22-carat gold rate is available at Rs. 13,315 per gram, or Rs. 1,33,150 per 10 grams, while 24-carat gold rate today is at Rs. 14,525 per gram, equivalent to Rs. 1,45,250 per 10 grams.

Joyalukkas Gold Rate Today

Joyalukkas has announced identical rates for July 8. The retailer is offering 24-carat gold rate at Rs. 14,525 per gram, 22-carat gold rate today at Rs. 13,315 per gram, and 18-carat gold at Rs. 10,894 per gram. The company updates its online gold rates daily based on prevailing bullion market prices.

Kalyan Jewellers Gold Rate Today

The 22-carat gold price at Kalyan Jewellers is currently Rs. 13,315 per gram, which works out to Rs. 1,33,150 per 10 grams in bengaluru, mumbai, chennai & other major cities in india.

IBJA Gold Rate Today

According to the latest rates released by the India Bullion and Jewellers Association (IBJA), 24-carat gold price is at Rs. 1,44,141 per 10 grams, while 23-carat gold is trading at Rs. 1,43,564 per 10 grams. The benchmark rate for 22-carat gold stands at Rs. 1,32,033 per 10 grams, whereas 18-carat (750 purity) gold is quoted at Rs. 1,08,106 per 10 grams. These benchmark prices do not include GST and making charges and are mostly reference rates for the bullion trade.

Gold Price Outlook

"Gold prices eased after reaching a two-week high in the previous session, as investors turned cautious ahead of the release of the Federal Reserve's June meeting minutes, the first under Chair Kevin Warsh. The minutes are expected to provide fresh clues on the Fed's policy outlook and the path of interest rates" said Akshat Siddhant, Lead quant analyst, Mudrex.

"Meanwhile, the U.S.-Iran ceasefire has eased concerns over oil-driven inflation, reducing some of gold's safe-haven appeal. If the Fed signals a more dovish stance, gold could extend its rally toward the $4,300 level. However, a hawkish tone may trigger profit booking, with $4,000 likely to act as the key support zone." he further added.