Business
oi-Ashish Rana
Gold prices in India on 29 April 2026 are being tracked closely as the market continues to move within a narrow range, with benchmark bullion rates and retail jewellery prices showing only mild changes in the latest available session. After a marginal uptick in the previous update, the domestic gold market is now in a phase where even small price moves are becoming important for buyers waiting for a clearer direction.
Indian gold prices on April 29, 2026, remain in a tight range, influenced by geopolitical risks and a strong US dollar. IBJA 22K gold sells for Rs 13,947/gm, with retailers like Tanishq slightly lower at Rs 13,915/gm.
For consumers comparing benchmark bullion levels with showroom quotes, the latest IBJA rates and 22K jewellery prices at Tanishq, Kalyan Jewellers, Malabar Gold & Diamonds and Joyalukkas remain the most important indicators across major Indian cities.
IBJA’s Indicative Retail Selling Rates For Gold Jewellery On April 29, 2026
IBJA’s indicative retail selling rates for gold jewellery were updated in the latest available session, and these remain the key benchmark rates for the domestic bullion market today.
- Fine Gold (999): Rs 15,215 per gram
- 22 KT Gold: Rs 13,947 per gram
- 20 KT Gold: Rs 12,679 per gram
- 18 KT Gold: Rs 11,411 per gram
- 14 KT Gold: Rs 9,875 per gram
Retailers’ 22K Gold Rates Today
The latest 22K gold jewellery prices across New Delhi, Mumbai, Chennai, Kolkata and Bengaluru at major jewellery chains are:
- Tanishq: Rs 13,915 per gram
- Kalyan Jewellers: Rs 13,835 per gram
- Malabar Gold & Diamonds: Rs 13,835 per gram
- Joyalukkas: Rs 13,835 per gram
Gold Prices Continue To Move In A Tight Range
The latest trend in the domestic market suggests gold is still trading in a narrow band rather than making a sharp directional move. This kind of price action often creates a wait-and-watch mood among buyers, especially when benchmark bullion rates are holding near recent levels but not yet breaking decisively higher or lower.
For jewellery buyers, such phases can still be important because even marginal changes in benchmark rates are often reflected quickly in showroom pricing.
Global Cues Are Pulling Gold In Opposite Directions
Gold is currently being influenced by a combination of supportive and restrictive factors. On one side, lingering US-Iran tensions and uncertainty linked to the Strait of Hormuz continue to provide some support to bullion as a hedge against geopolitical risk.
At the same time, a strong US dollar, elevated Treasury yields and expectations of prolonged Federal Reserve tightness are limiting gold’s upside. This is keeping the metal in a relatively controlled range, with market participants waiting for a stronger trigger before prices break out meaningfully.
Gold Market Outlook For 29 April
Gold prices are likely to remain sensitive to global risk sentiment, oil prices, US yields and any fresh geopolitical developments. Unless the market gets a stronger macro or geopolitical signal, the near-term trend may continue to stay range-bound, with only mild day-to-day changes.
For buyers, that means benchmark bullion rates and retailer revisions should continue to be watched closely, especially when even small moves can affect final jewellery pricing.
Note: Retailer rates are based on the latest available updates from jewellery brands’ respective websites and may vary during the day depending on store-level revisions, state-wise taxes and other applicable charges.
