Gold Prices Rise Amid Policy Calls for Gold Lending Reforms Gold prices remained elevated on May 12, 2026, with leading jewelry brands reporting upward trends in 22k gold rates across major Indian cities. The surge follows Prime Minister Narendra Modi’s recent call for citizens to temporarily reduce non-essential gold purchases for the next year to ease pressure on India’s foreign exchange reserves and imports. The India Bullion and Jewellers Association (IBJA) has since advocated for policy reforms to better utilize domestic gold holdings, emphasizing the need for regulated lending and borrowing mechanisms. The IBJA highlighted that the current Income Tax Act restricts individuals from lending or borrowing gold to jewelers of their choice, limiting the potential for domestic gold to contribute to economic stability. In a social media post on X, the association stated, “India’s current account deficit is linked to the Income Tax Act. Amend the Income Tax Act to allow borrowing and lending of commodities (Gold). Currently, a holder of household gold cannot lend gold to jewellers of his choice as the Income Tax Act does not permit this. India needs a regulated exchange platform for lending and borrowing of gold similar to equity lending and borrowing, which is already permitted.” The association’s call for policy changes comes amid a broader context of rising gold prices. On May 12, 2026, major jewelry brands such as Tanishq, Malabar Gold & Diamonds, Kalyan Jewellers, and Joyalukkas reported higher rates for 22k gold. For instance, Tanishq’s 22k gold price in New Delhi, Mumbai, Chennai, Kolkata, and Bengaluru stood at Rs 14,160 per gram, a Rs 170 increase compared to the previous day.#prime_minister_narendra_modi #malabar_gold_diamonds #kalyan_jewellers #tanishq #india_bullion_and_jewellers_association
Gold Prices Decline Across Major Indian Jewellery Chains and IBJA on March 27, 2026 Gold prices experienced a decline across leading Indian jewellery chains and the India Bullion and Jewellers Association (IBJA) on March 27, 2026. Experts suggest that geopolitical tensions, sanctions, currency fluctuations, and the US Federal Reserve’s interest rate policies could contribute to further volatility in gold prices. They indicate that gold prices may remain range-bound until the US Fed provides clarity on interest rates. The decline in gold rates was observed across major jewellery brands, including Tanishq, Malabar Gold & Diamonds, Joyalukkas, and Kalyan Jewellers, as well as IBJA. The drop in prices was noted for both 22-karat and 24-karat gold, with the rates falling in key cities such as Bengaluru, Mumbai, and Chennai. For Tanishq, the latest price for 22-karat gold jewellery was Rs 13,305 per gram on March 27, 2026, representing a slight increase of Rs 15 compared to the previous day. However, the price for 24-karat gold was not explicitly mentioned in the report. Joyalukkas, Kalyan Jewellers, and Malabar Gold & Diamonds all reported a decline of Rs 200 per gram for 22-karat gold compared to March 26, 2026. IBJA provided indicative retail selling rates for gold jewellery on March 27, 2026, with the following prices: Fine Gold (999) at Rs 14,372, 22-karat gold at Rs 14,027, 20-karat gold at Rs 12,791, 18-karat gold at Rs 11,641, and 14-karat gold at Rs 9,270. These rates were compared to the rates from March 25, 2026, which showed a decrease across all purities. For example, Fine Gold (999) fell from Rs 14,621 to Rs 14,372, while 22-karat gold dropped from Rs 14,270 to Rs 14,027.#malabar_gold_diamonds #kalyan_jewellers #tanishq #joyalukkas #india_bullion_and_jewellers_association
22k Gold Rate Today: Check 22K and 24K Gold Prices on March 26, 2026 Gold prices showed signs of recovery on March 25, 2026, following a largely downward trend throughout March 2026. Experts anticipate continued volatility due to geopolitical tensions, including the Iran-Israel conflict, and uncertainty surrounding the US Federal Reserve’s interest rate decisions. Major Indian jewelers such as Tanishq, Joyalukkas, Kalyan Jewellers, and Malabar Gold & Diamonds reported 22k gold prices around Rs 13,465 per gram on March 26, 2026. The recovery on March 25 was noted, but gold rates had remained lower for most of the month. Analysts suggest that further price fluctuations may occur due to ongoing geopolitical developments, sanctions, currency market shifts, and the Fed’s monetary policy outlook. They expect gold prices to remain range-bound until there is clarity on the Fed’s interest rate trajectory. As of March 26, 2026, the India Bullion and Jewellers Association (IBJA) provided indicative retail selling rates for gold jewellery. For 22KT gold, the rate was Rs 14,270 per gram, while other karat options included Rs 13,012 for 20KT, Rs 11,843 for 18KT, Rs 9,430 for 14KT, and Rs 14,621 for fine gold (999). IBJA had not yet updated rates for March 26. Leading jewelers reported specific 22k gold prices for the day. Tanishq listed the rate at Rs 13,485 per gram in Bengaluru, Mumbai, and Chennai. Joyalukkas, Kalyan Jewellers, and Malabar Gold & Diamonds all quoted Rs 13,465 per gram, with Wednesday’s rates at Rs 13,445 per gram for the latter three. Commodities analyst Manav Modi of Motilal Oswal Financial Services attributed the decline in gold and silver prices to shifting macroeconomic expectations rather than reduced demand.#malabar_gold_diamonds #kalyan_jewellers #tanishq #joyalukkas #india_bullion_and_jewellers_association
