Gold Rate Today (2 May 2026): IBJA Rates Rise, Tanishq, Kalyan, Joyalukkas, Malabar Prices Dip

Gold prices in India on May 2, 2026 showed a divergence between benchmark bullion rates and retail jewellery prices. While the India Bullion and Jewellers Association (IBJA) reported a steady increase across gold purities and silver, leading jewellery retailers recorded a marginal dip in rates. Global factors continue to keep bullion prices dynamic.

IBJA gold and silver rates today

According to IBJA's latest indicative rates, gold and silver prices have moved higher across all categories:

• 24K (999 purity): ₹15,026 per gram
• 22K gold: ₹14,966 per gram
• 20K gold: ₹13,764 per gram
• 18K gold: ₹11,270 per gram
• 14K gold: ₹8,790 per gram

Compared to the previous session, gold prices have increased by ₹44 to ₹68 per gram depending on purity, while silver has risen by ₹582 per kg. This reflects continued strength in bullion markets.

Retail gold prices at major jewellery brands

Despite the rise in benchmark rates, retail gold prices have seen a slight correction across leading jewellery chains:

• Tanishq: 22K gold at ₹13,795 per gram
• Joyalukkas: 22K gold at ₹13,835 per gram
• Kalyan Jewellers: 22K gold at ₹13,835 per gram
• Malabar Gold & Diamonds: 22K gold at ₹13,835 per gram

These rates are largely uniform across metro cities such as New Delhi, Mumbai, Chennai, Kolkata and Bengaluru, though final prices may vary based on taxes and making charges.

Why gold prices are fluctuating

Gold continues to react to global geopolitical developments, inflation trends and currency movements. While international cues are supporting bullion prices, retail rates may vary slightly due to jewellers' pricing strategies and local demand conditions.

Analysts expect gold to remain range-bound in the near term, with intermittent volatility driven by global economic signals.

Note: Prices are indicative and may change during the day. Final purchase rates depend on GST, location and making charges.