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Malabar Gold & Diamonds Announces Major Expansion with ₹1,580 Crore Investment, set to open 20 new showrooms in March 2026

Set to create 725 jobs across emerging and high-growth markets, strengthening Malabar’s leadership in jewellery retail

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Malabar Gold & Diamonds, one of the world’s largest and most trusted jewellery retailer has announced a major retail expansion with the launch of 20 new showrooms before 31st March 2026, marking one of the fastest showroom rollout initiatives in the Indian jewellery sector. The latest expansion drive will take the total global showroom count to 445 showrooms across 14 countries, with presence in 22 states and Union Territories across India further reinforcing its position as one of the most trusted and expansive jewellery retail chains in the world.

The expansionentails a total investment of INR 1,580 crore and is expected to generate over 725 employment opportunities, underlining the group’s continued commitment to India’s economic growth, job creation, and retail sector development.

The new showrooms will be launched across Jhansi, Kallakurichy, Gwalior, Chittoor, Haldwani, Theni, Jamnagar, Ranchi, VIP Road Kolkata, Aligarh, KR Puram (Bengaluru), Inorbit Mall Vizag, Kanchrapara, Serampore, Gokul Road Hubli, Maninagar, Gurugram Sector 14, Jubilee Hills (Hyderabad), Sangareddy and Guwahati strengthening the brand’s presence across both emerging and established jewellery markets.

The milestone comes at a moment of national pride following India’s recent T20 World Cup triumph, reflecting the spirit of ambition, resilience, and collective excellence that continues to power India’s growth story.

Speaking on this landmark, M.P. Ahammad, Chairman, Malabar Group, said, “India’s rise on the global stage is powered by the confidence, aspirations and entrepreneurial spirit of its people. Our decision to launch 20 showrooms in 20 days reflects our strong conviction in the country’s long-term growth potential and our commitment to expanding access to world-class jewellery retail experiences. At Malabar Gold & Diamonds, our journey has always been guided by trust, values, and a vision to create lasting impact for customers, employees, and the communities we serve.”

With a rapidly growing global footprint and a steadfast commitment to trust, ethics, and retail excellence, Malabar Gold & Diamonds continues to redefine leadership in the global jewellery industry while actively contributing to India’s economic growth.

ESG (Environmental, Social & Governance) initiative has been the primary commitment of Malabar Group since its inception in 1993, with 5% of net profits set aside towards such initiatives in each country of operations. The key focus is in the areas of Health, Hunger Free World, Housing, Education, Women Empowerment & Environment.

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National News

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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