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Gold Jewellery Rates Slip After Bullion Correction, City-Wide Drop Today
Gold jewellery rates drop across Delhi, Mumbai, Chennai, Trivandrum, and Kolkata after a sharp bullion correction on June 11. Check city-wise 24k, 22k, and 18k prices from IBJA, Malabar, Joyalukkas, and Tanishq.
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Gold prices slipped in India on Thursday, June 11, 2026, pushing jewellery rates lower across major cities. The decline reflected a broader drop in global bullion, which pulled domestic rates down on the day.
In Delhi, 24-karat gold settled at ₹7,650 per gram, down ₹75 from Wednesday's close, while 22-karat gold fell to ₹7,090 per gram. Mumbai saw a similar pattern, with 24-karat at ₹7,630 and 22-karat at ₹7,080. The Chennai market recorded a steeper slide, with 24-karat gold at ₹7,690 per gram and 22-karat at ₹7,130, according to rates from the India Bullion and Jewellers Association (IBJA).
Trivandrum and Kolkata mirrored the national trend. In Trivandrum, 24-karat gold was at ₹7,640 per gram and 22-karat at ₹7,100. Kolkata's bullion market quoted 24-karat at ₹7,620 per gram, with 22-karat at ₹7,080. The IBJA reference rate for 24-karat was set at ₹7,635 per gram, down ₹80 from the previous session.
Jewellery retailers passed on the correction. Malabar Gold and Diamonds quoted 22-karat at ₹7,120 per gram across its showrooms in Delhi and Mumbai, while Joyalukkas priced the same purity at ₹7,100 in Chennai and ₹7,140 in Kolkata. Tanishq's 24-karat rate stood at ₹7,650 per gram for Delhi customers, with 22-karat at ₹7,150.