Gold Prices in India Remain Stable on September 27

Gold prices in India remained stable on September 27, with major retailers keeping their rates unchanged. In the physical retail market, gold is primarily bought in 24-karat and 22-karat options, with the latter being preferred for crafting ornaments due to its durability. The rates quoted by leading jewellers such as Joyalukkas and Malabar Gold & Diamonds are influenced by global commodity trends, USD/INR currency dynamics, and anticipatory retail demand ahead of peak festival shopping.

The 22K gold rate at Joyalukkas and Malabar was ₹13,995 per gram across most states, while Tanishq listed its 22K gold rate at ₹14,040 per gram. For 24-carat gold, Malabar quoted ₹15,267 per gram, with Tanishq standing at ₹15,316 per gram. The rates may vary slightly due to store-level pricing structures and regional logistics.

Gold prices in India are subject to a 3% GST on the value of the metal, plus a separate 5% GST on jewellery making charges. Import duties and local transport surcharges also influence regional price variations across states.