Gold Prices Plummet: Today’s 22K, 24K Rates at Tanishq, Malabar, Joyalukkas, IBJ
Gold and silver tumbled sharply this week, creating buying opportunities for jewellery seekers. Gold Prices Plummet has hit both bullion benchmarks and retail tags.
Market factors behind the fall
Markets recorded heavy selling after geopolitical tensions and inflation worries. Gold slid more than 5% on Monday, hitting its weakest 2026 level.
Analysts cite renewed US dollar strength and shifts in interest rate expectations. IBJA data shows wide price swings and continued volatility.
Price moves between March 20 and March 23, 2026
| Metal / Purity | 20 Mar 2026 (PM) ₹ | 23 Mar 2026 (AM) ₹ | Change ₹ |
|---|---|---|---|
| 24K (Fine Gold 999) | 14,722 | 13,514 | -1,208 |
| 22K Gold | 14,369 | 13,190 | -1,179 |
| 20K Gold | 13,102 | 12,028 | -1,074 |
| 18K Gold | 11,925 | 10,946 | -979 |
| 14K Gold | 9,496 | 8,717 | -779 |
| Silver (999) ₹/kg | 2,32,364 | 2,01,500 | -30,864 |
Retail 22K rates at major jewellers
Retail 22K rates were updated on March 23, 2026 at around 12:50 pm IST. Rates vary by city and outlet.
- Tanishq: 22K jewellery at Rs 12,875 per gram in Bengaluru, Mumbai and Chennai.
- Malabar Gold & Diamonds: 22K jewellery at Rs 12,835 per gram in those cities.
- Joyalukkas: 22K jewellery at Rs 12,835 per gram across retail and online stores.
These retail quotes sit below the IBJA indicative 22K level for the same morning. Prices may differ by state and making charges.
Note on sources and abbreviations
Indicative bullion levels are from the India Bullion and Jewellers Association (IBJA). Some market reports use the shorter IBJ tag.
Retail prices were taken from respective brand websites on March 23, 2026, at about 12:50 pm IST.
Hallmarking and buyer guidance
The Bureau of Indian Standards defines hallmarking and HUID details. Hallmarks guarantee metal purity and composition.
Since July 1, 2021, hallmarking includes the BIS logo, purity mark, and a six-character HUID. Buyers can verify HUID in the BIS Care App.
What buyers should consider now
- Watch short-term volatility before buying big pieces.
- Compare 22K and 24K rates across retailers and IBJA indicators.
- Check making charges and state taxes for final price.
- Verify hallmarks and the HUID on any purchase.
Filmogaz.com compiled these figures to aid shoppers and investors. Always confirm real-time rates with your chosen retailer before transacting.
