Gold prices witnessed a decline across major jewellery retailers in India on Wednesday, November 11, 2026. Retailers including Tanishq, Malabar Gold & Diamonds, Joyalukkas, and Kalyan Jewellers all adjusted their rates downward compared to the prices observed on November 10.
At Tanishq, the price of 22k gold jewellery was recorded at Rs 13,065 per gram on November 11. This reflects a decrease from the Rs 13,130 per gram rate posted by the brand the previous day. This pricing applies across cities such as New Delhi, Mumbai, Chennai, Kolkata, Thiruvananthapuram, Coimbatore, and Bengaluru.
Other major retailers, specifically Malabar Gold & Diamonds, Joyalukkas, and Kalyan Jewellers, all reported a 22k gold price of Rs 13,015 per gram on November 11. These brands had set their rates at Rs 13,210 per gram on November 10. Similar to Tanishq, these updated prices are applicable across the same list of cities, including major metropolitan hubs like New Delhi, Mumbai, and Chennai.
While private retailers updated their figures for the day, the India Bullion and Jewellers Association (IBJA) had not yet released its updated indicative prices for gold and silver as of Wednesday. Market participants often monitor these variations between different jewellers before finalising purchases.
Key facts
- Tanishq 22k gold is Rs 13,065 per gram, down from Rs 13,130 on November 10.
- Malabar Gold & Diamonds, Joyalukkas, and Kalyan Jewellers list 22k gold at Rs 13,015 per gram.
- Retailers reduced 22k gold prices compared to the rates reported on Tuesday, November 10.
- The IBJA’s last recorded PM rate for 22k gold on November 10 was Rs 13,900.
- The IBJA’s last recorded rate for 999-purity silver was Rs 186,000 as of November 10.
Why it matters
The fluctuations in retail gold prices are particularly relevant for consumers planning to purchase jewellery. Differences in pricing across various major brands and regional markets often lead buyers to compare current rates before completing transactions.
Background
The India Bullion and Jewellers Association provides benchmark indicative retail selling rates for various purities of gold, including 24k, 22k, 20k, 18k, and 14k, as well as 999-purity silver.
Source: Economic Times
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