Gold Price Today, April 3: 22K, 24K Rates Jump Across Tanishq, Malabar, Kalyan & Joyalukkas & IBJA

Gold price today on Friday has recorded a sharp rebound after yesterday's decline, with rates rising across leading jewellery brands like Tanishq, Malabar Gold & Diamonds, Kalyan Jewellers, and Joyalukkas. The bullion market has remained highly volatile this week, with prices witnessing sharp swings and gaining significantly in recent sessions.

Gold price today in India: 22K & 24K Rates

According to the latest data, gold prices across key benchmarks and jewellers are as follows:

IBJA Gold Rate

22K gold price: Rs. 13,726 per gram
24K gold price: Rs. 14,974 per gram

Malabar Gold & Diamonds Rate

22K gold: Rs. 13,835 per gram
18K gold: Rs. 11,320 per gram
14K gold: Rs. 8,804 per gram

Joyalukkas Gold Rate

22K gold: Rs. 13,655 per gram

Tanishq gold Price Sees Sharp Jump

Tanishq reported a 1.31% rise in 22K gold prices, climbing from Rs. 13,695 to Rs. 13,875 per gram on April 3.
The 8 grams gold price in Tanishq is Around Rs. 1,11,000 while the 100 grams gold price is around Rs. 13,87,500

Prices at other major jewellers like Kalyan Jewellers remain broadly in the same range due to the overall trend in the domestic bullion market.

Why are gold prices rising today?

The gold rate surged today after a sharp fall in the previous session. This is mainly besue of the rally to multiple global and domestic factors:
Rising geopolitical tensions, including the Iran-Israel conflict, Currency fluctuations impacting import costs, US Federal Reserve interest rate outlook, Safe-haven demand amid global uncertainty

In the international market, spot gold prices jumped 3.2% to $4,652.31 per ounce, reflecting strong bullish momentum

The bullion market has been highly dynamic this week gold prices have surged over 4% in recent sessions, sharp corrections were also seen earlier, Volatility remains high due to global macroeconomic triggers.

"The current decline in bullion prices appears to be a tactical correction within a broader structural uptrend, rather than a reversal. After an extended rally, both gold and silver are facing profit-booking near key resistance levels, alongside a strengthening US dollar, which is limiting upside momentum. Geopolitical tensions, while elevated, are not translating into sustained safe-haven flows as markets are increasingly pricing in prolonged conflict without immediate systemic disruption. Simultaneously, rising crude oil prices are reviving inflation concerns, prompting expectations of tighter monetary policy, which typically pressures non-yielding assets like gold." said Prithviraj Kothari, Managing Director at RiddiSiddhi Bullions Ltd., President of India Bullion and Jewellers Association Ltd. and Chairman at Jain International Trade Organisation.

"However, the underlying fundamentals of central bank buying, ETF inflows, and fiscal instability remain intact. Hence, the current weakness should be viewed as a healthy consolidation phase, offering strategic accumulation opportunities rather than signaling a bearish trend." He further added.

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