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Gold Prices Decline On Easing Global Tensions

Gold and Silver ETFs Face Selling Pressure As Easing Geopolitical Risks, A Stronger US Dollar, and Hawkish Fed Signals Weigh On Bullion Prices; IBJA Releases Latest Indicative Retail Rates

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Gold prices have experienced a downward trend this week, driven by a significant easing of global geopolitical tensions following the recent US-Iran peace agreement and the ceasefire between Israel and Lebanon.

Gold and silver exchange-traded funds (ETFs) came under selling pressure on Friday as precious metal prices remained on track for a third consecutive weekly decline.

The weakness followed a stronger US dollar and hawkish signals from the US Federal Reserve, which weighed on bullion prices.

IBJA has released the latest indicative retail selling rates.

Metal / PurityRetail Selling Rate
Fine Gold (999) / 24KRs. 14,497 per gram
22K GoldRs. 14,149 per gram
20K GoldRs. 12,902 per gram
18K GoldRs. 11,743 per gram
14K GoldRs. 9,351 per gram
Silver (999)Rs. 2,31,973 per kg

These baseline rates serve as market indicators and are strictly exclusive of the mandatory 3% Goods and Services Tax (GST) as well as any additional making charges applied by individual jewelers.

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Kantilal Jewellers, Launches Flagship Showroom At  Vastrapur, Ahmedabad

Marking Its First Expansion Outside Surat, The Massive Three-Story Space Is The Brand’s Largest Retail Destination To Date.

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Surat-based Kantilal Jewellers, a legacy brand established in 1948, has expanded beyond its home base with the launch of a 28,000 sq. ft. flagship showroom at Keshavbaug Capital, Vastrapur, Ahmedabad.

Marking its first expansion outside Surat, the massive three-story space is the brand’s largest retail destination to date.

Palatial Architectural Concept: The store design takes inspiration from Jodhpur Palace, featuring Jharokha-style screens, marble passageways, domed skylights, chandelier lounges, and a central atrium linking all three levels.

Experiential Studio Retail: Departing from traditional counters, the showroom offers private studio spaces, VIP viewing areas, and dedicated experience centers.

Ambient Luxury: The shopping experience is elevated by live sitar and guitar performances alongside personalized consultation lounges.

Product Offering: The flagship showcases the brand’s signature gold, diamond, and bridal collections tailored for the Ahmedabad market.

Led by Director Jinay Choksi, this flagship rollout is a strategic move to establish a distinct, experiential luxury footprint across major Gujarat markets while preserving the heritage of the Kantilal brand.

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