economictimes.indiatimes.com ·
22k gold rates rise by up to 9 today check 24k 22k 18k gold prices may 13 2026 on ibja malabar gold diamonds joyalukkas tanishq and kalyan jewellers
Topic context
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AI insight
AI-generatedIndia-specific regulatory channel: customs duty hike on gold from 6% to 15% directly raises landed cost for importers, immediately passed through to retail prices (9% rise in 22k gold). This suppresses consumer demand (~57 tonnes/year) and squeezes jewellery retailers' volumes. Impact is country-specific (India) and commodity-specific (gold). Winners: none directly; losers: gold importers, jewellery retailers (volume decline), consumers (higher prices).
Signals our AI researcher identified
Extracted by our AI model from this article and related public sources — not direct quotes from the publisher.
- Indian government raised customs duty on gold from 6% to 15%.
- 22k gold price at Tanishq rose 9% to Rs 15,435 per gram on May 13, 2026.
- IBJA estimates higher duties could suppress consumer demand by ~57 tonnes annually.
- Malabar Gold & Diamonds reported 22k gold at Rs 14,890 per gram, up 5.50%.
- Joyalukkas and Kalyan Jewellers also saw 22k gold prices rise to Rs 15,390 per gram.
Gold prices in India surged 9% on duty hike; short-term retail prices up 5-9%.
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Sector impact at a glance
- COMMODITY_GOLDmid
- COMMODITY_GOLDshort
- CONSUMER_DISCRETIONARYmid
- CONSUMER_DISCRETIONARYshort
- EM_MARKETSshort
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