India Gold Rates June 6: IBJA, Tanishq, Joyalukkas Prices

Gold prices for June 6, 2026 were published by IBJA, Tanishq, Malabar Gold & Diamonds, and Joyalukkas across major Indian cities. The daily release covers 22k gold, 24k gold, and silver rates. For traders, the IBJA retail selling rate is the closest proxy for Indian spot demand, a factor that often sets the local premium or discount relative to the London fix.

How the IBJA Rate Becomes India's Gold Benchmark

The India Bullion and Jewellers Association (IBJA) publishes a daily indicative retail selling rate based on member transactions. Unlike the London Bullion Market Association (LBMA) AM fix, which reflects wholesale paper gold, the IBJA rate includes local taxes, making charges, and dealer margins. Jewellers such as Tanishq, Malabar Gold & Diamonds, and Joyalukkas then set their own prices by adding brand premiums. The spread between the IBJA rate and the LBMA fix is a real-time gauge of Indian demand pressure. When the spread widens, it signals that local buyers are absorbing supply at a premium – a bullish signal for global gold.

Why Indian Gold Demand Moves Global Prices

India is the world's second-largest gold consumer, importing roughly 800–900 tonnes annually. A 10 percent swing in Indian demand can shift global physical flows by nearly 100 tonnes. The June 6 data arrives at a critical point: the RBI has been adding gold to its reserves for 12 consecutive months, and the import duty structure remains a key variable. Any change in the duty – currently at 15 percent – would directly alter the IBJA rate and, by extension, the local premium. Traders who track the IBJA–LBMA spread can anticipate shifts in physical arbitrage flows. For a deeper look at India's structural role in gold markets, see Why India's 30,000-tonne gold hoard is waking up.