Gold prices in major Indian jewellery brands held steady on May 23, 2026, after a week of flat swings in the market. Leading retailers such as Joyalukkas, Kalyan Jewellers and Malabar Gold & Diamonds are selling 22-karat gold jewellery at ₹14,580 a gram. For the same purity level, Tanishq charges a slightly premium rate of ₹14,665 a gram. Retail buyers are warned that these base numbers do not include state-specific taxes and different local tax structures and applicable making charges, so final showroom invoice prices will vary by region.
Precious metal registered minor gains over the course of the week, according to data provided by the India Bullion and Jewellers Association (IBJA). On the last trading day of the week, May 22, the price of Fine Gold (999 purity) increased marginally by ₹38 from ₹15,774 to ₹15,812 per gram as per data collated from the Multi Commodity Exchange. Similarly, the standard 22-karat gold also went up by ₹37 to ₹15,432 per gram. 18-karat gold also gained ₹31 and was sold at ₹12,808 per gram. Silver, on the other hand, closed lower by ₹2,040 at ₹2,66,000 a kg as it was under pressure. Precious metal indices continue to be influenced by this discreet bullish momentum in gold, which is holding firm against global headwinds, including evolving expectations around US Federal Reserve policy and a stronger US dollar.
