India gold jumps past Rs 1.54 lakh
- Retail gold prices in India stayed above Rs 1.54 lakh for 24-carat on April 27, with 22-carat around Rs 1.41 lakh and 18-carat near Rs 1.16 lakh. - Indian Bullion and Jewellers Association benchmark rates were lower at Rs 1,51,495 for 999 gold, while jewellery chains quoted Rs 1,54,420-Rs 1,54,530 retail. - Prices remain below January’s futures peak of Rs 1,80,779 per 10 grams amid volatile safe-haven demand. (timesnownews.com)
Gold in India was still selling above Rs 1.54 lakh per 10 grams for 24-carat jewellery on Monday, April 27, even after the market cooled from earlier highs. (goodreturns.in) (ibjarates.com) At major jewellery chains tracked by Goodreturns, 24-carat gold was quoted at Rs 1,54,420 at Malabar, Rs 1,54,470 at Tanishq and Rs 1,54,530 at GRT. The same reports showed 22-carat at about Rs 1,41,550-Rs 1,41,600 and 18-carat at roughly Rs 1,15,850-Rs 1,15,900. (goodreturns.in) The benchmark wholesale-style rates were lower. The Indian Bullion and Jewellers Association listed 999 purity gold at Rs 1,51,495 per 10 grams, 995 purity at Rs 1,50,888, 916 purity at Rs 1,38,769 and 750 purity at Rs 1,13,621 on April 27. (ibjarates.com) That gap is the point of the day’s move: shoppers see retail prices with dealer margins and product differences, while the benchmark tracks underlying bullion more closely. Times Now also cited the All India Sarafa Association at Rs 1,55,900 per 10 grams including taxes. (timesnownews.com) (ibjarates.com) The futures market was steadier than the shop window. Times Now reported MCX June gold up 0.2% or Rs 298 at Rs 1,52,997 per 10 grams, while Financial Express had India’s 24-carat reference price at Rs 1,52,770 per 10 grams in its latest update. (timesnownews.com) (financialexpress.com) The bigger backdrop is volatility, not a clean breakout. Times Now said prices were still nearly Rs 28,000 below the MCX futures peak of Rs 1,80,779 per 10 grams recorded on January 29, even as retail quotes remain near record territory. (timesnownews.com) Reports on April 27 tied the latest swings to safe-haven buying around U.S.-Iran tensions, plus moves in crude oil and the U.S. dollar. Goodreturns said weekend peace talks failed, while Times Now said West Asia developments were keeping bullion traders on edge. (goodreturns.in) (timesnownews.com) For Indian buyers, that means the headline number depends on which market they are looking at: benchmark bullion near Rs 1.51 lakh, futures near Rs 1.53 lakh, and branded retail jewellery above Rs 1.54 lakh. (ibjarates.com) (timesnownews.com) (goodreturns.in)
