Gold prices stayed volatile on Friday, May 15, 2026, easing after a sharp rise earlier in the week. Major jewellery brands including Tanishq, Malabar Gold & Diamonds, Kalyan Jewellers and Joyalukkas reported lower 22k rates versus May 14. The India Bullion and Jewellers Association (IBJA) also cut its indicative retail selling rates for both gold and silver from the previous session. Rates are reported from brand websites around 1:21 pm and can vary by city taxes and making charges.
Gold prices are rising on May 12, 2026, with major jewelers listing higher 22k rates. The move comes after a push to reduce gold purchases for a year to support India’s foreign exchange reserves. Now IBJA is urging policy changes to better use household gold, including allowing gold lending and borrowing to keep demand in check while unlocking value.
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The Centre is expected to issue a rectification order within 48 to 72 hours to reinstate the gold import tax exemption for banks. Industry body IBJA says the benefit was accidentally withdrawn through a notification, triggering an IGST-related disruption. Shipments have resumed as the government works to correct the error and restore the earlier relief.
Gold prices in Chennai eased slightly on Friday, April 17, 2026, mirroring the national trend. Leading jewellers quoted 24K gold at around ₹15,431 per gram, down from ₹15,568 on Thursday. The dip comes ahead of Akshaya Tritiya, when demand typically rises and prices can swing quickly.
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