Gold prices reached a historic milestone ahead of Akshaya Tritiya, which is considered auspicious in India for buying gold. On Tuesday (April 22, 2025), the precious yellow metal briefly crossed the Rs 1-lakh mark per 10 grams for the first time, thanks to the demand fuelled by global economic uncertainty, persistent inflationary pressures, and increased investor interest in safe-haven buying. However, the rally was short-lived, as prices corrected. But the gold is still hovering near its historic highs, prompting market watchers and investors to analyse the factors behind this rapid fluctuation.
Akshaya Tritiya on April 30
Akshaya Tritiya, also known as Akha Teej, is an important Hindu spring festival that is celebrated with great reverence throughout India. The day falls on the third tithi (lunar day) of the Shukla Paksha (bright half) of the Hindu month of Vaisakha. This year, it falls on April 30, 2025.Akshaya Tritiya is considered one of the most auspicious days in the Hindu calendar, free from the need to consult a muhurat (an astrologically favourable time) to begin any new venture.
Importance of gold on Akshaya Tritiya
On this day, families go to jewellers to buy gold bars, coins, and jewellery because they think that any wealth they make on Akshaya Tritiya will grow and bring them benefits all year long. This stance has also been leveraged by banks and other financial institutions recently, who have offered mutual funds, digital gold investments, and gold savings plans that coincide with the festival.Let’s examine the prices of 22 karat gold of a few famous jewellery brands in India as of April 24 (01.40 PM IST). Please note that these rates exclude GST and making charges.
Check the gold jewellery rates of Malabar Gold, Joyalukkas, Kalyan Jewellers, and Tanishq:
Kalyan Jewellers
The latest price for 22K gold jewellery at Kalyan Jewellers is Rs 9,005 per gram (as of April 24, 2025).Tanishq
Tanishq’s latest price for 22K gold jewellery is Rs 9,055 per gram (as of April 24, 2025).
Malabar Gold & Diamonds
Malabar Gold’s latest price for 22K gold jewellery is Rs 9,005 per gram (as of April 24, 2025).
Joyalukkas
The latest price for 22K gold jewellery at Joyalukkas is Rs 9,005 per gram (as of April 24, 2025).
The India Bullion and Jewellers Association Ltd. (IBJA) has released the latest indicative retail selling sales prices for gold jewellery as of April 24, 2025. These rates serve as a benchmark for pricing in the Indian market and are updated twice daily (AM and PM).
Gold prices per gram (excluding 3% GST and making charges)
999 (24K Fine Gold): Rs 9,608
22K Gold: Rs 9,377
20K Gold: Rs 8,551
18K Gold: Rs 7,782
14K Gold: RS 6,197
Important things to note:
- The rates mentioned above are per gram. The jeweller usually quotes a 10-gram rate. Hence, one can multiply the above rate by 10 to get an indicative 10-gram price.
- The prices above do not include 3% GST and making charges, which may vary based on the jeweller’s policies.
- Gold rates may fluctuate between jewellers due to factors such as transportation costs, insurance charges, and additional overhead expenses.
IBJA’s published gold rates serve as a benchmark for issuing Sovereign Gold Bonds (SGBs) and are aligned with notifications from the Ministry of Finance and the Reserve Bank of India (RBI).
What is the method for calculating the price of gold jewellery?
Here is the formula used by jewellers to calculate the final price of gold jewellery:
Final price of the jewellery = {Price of gold X (weight in grams)} + making charges + GST at 3% + hallmarking charges.
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