Gold Near ₹98K: Is Your SIP Better Than Jewellery?
Gold prices jumped sharply on June 12, 2026, with 24k gold crossing ₹98,000 per 10 grams. Before you rush to buy jewellery or sell your holdings, here's what rising gold prices actually mean for your money.
That 10g gold chain costs more than 3 months of an average Delhi household's grocery bill.
Your 10g of 24k gold now costs this much — a 18-month high
Key Takeaways
Compare gold prices across IBJA, Tanishq, and Malabar before buying — rates can differ by ₹500–₹1,500 per 10g across jewellers on the same day.
If you hold Sovereign Gold Bonds (SGBs) from 2020–21 tranches, check your maturity date — you may be sitting on 80–100% tax-free gains.
Avoid buying physical jewellery purely as investment — making charges (up to 25%) mean you lose money the moment you try to resell; choose Gold ETFs or SGBs instead.
Gold prices jumped sharply on June 12, 2026, with 24k gold crossing ₹98,000 per 10 grams. Before you rush to buy jewellery or sell your holdings, here's what rising gold prices actually mean for your money.
Here's what happened: Gold prices surged on June 12, 2026, with 24k gold touching near ₹98,000 per 10g, driven by easing inflation concerns and calmer global sentiment.. Leading Indian jewellers including Tanishq, Malabar Gold, and Joyalukkas updated rates upward, with making charges adding 8–25% on top of raw gold price.. Silver also rose in tandem, continuing a broader precious metals rally that has made gold one of the top-performing assets in India over the past 18 months..
What you should do: Compare gold prices across IBJA, Tanishq, and Malabar before buying — rates can differ by ₹500–₹1,500 per 10g across jewellers on the same day.. If you hold Sovereign Gold Bonds (SGBs) from 2020–21 tranches, check your maturity date — you may be sitting on 80–100% tax-free gains.. Avoid buying physical jewellery purely as investment — making charges (up to 25%) mean you lose money the moment you try to resell; choose Gold ETFs or SGBs instead..
Sovereign Gold Bonds earn 2.5% annual interest ON TOP of gold price appreciation — and redemption at maturity is completely tax-free for individuals. No jewellery or ETF gives you that.
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- [1]“Gold rate today (June 12, 2026): Check 24k, 22k and 18k gold jewellery rates from IBJA, Malabar Gold and Diamonds, Joyalukkas & Tanishq in Delhi, Mumbai and other cities” Wealth-Economic Times · 12 Jun 2026
This article is reported by GoCredit's Editorial Team based on the source above. GoCredit synthesises, contextualises, and adds India-borrower-relevant analysis. We are not the original publisher.