Gold prices in India have jumped sharply today, and buyers across the country are already feeling the impact.
On May 13, 2026, MCX gold skyrocketed in early trade, hitting above ₹1.64 lakh per 10 grams — one of the strongest single-day surges in recent months. By the evening session, prices corrected slightly but remained well above yesterday’s levels.
Here’s everything you need to know about today’s gold price and why it happened.
What Is Gold Price Today? (13 May 2026)
Today’s gold price in India stands at ₹15,398 per gram for 24 karat gold (99.9% purity) and ₹14,115 per gram for 22 karat gold (91.6% purity).
On MCX, gold for June 2026 expiry is trading at around ₹1,62,100 per 10 grams — up by ₹8,658 or approximately 5.64% for the day.
In Delhi specifically, 24-carat gold is priced at ₹1,54,140 per 10 grams today, up from ₹1,52,270 on May 12 — a rise of ₹1,870 in just one day.
Prices are slightly different city to city. Tamil Nadu recorded the highest gold price today at ₹1,56,340 per 10 grams, while Telangana registered the lowest at ₹1,53,990 per 10 grams.
Why Did Gold Prices Jump Today?
This is the big question everyone is asking.
Gold and silver prices rose sharply after the Centre announced a 15% increase in import duty on gold and silver, up from the existing 6%. That’s more than double the earlier duty rate — and the market reacted immediately.
The government raised import tariffs on gold and silver in a bid to curb bullion purchases and support the rupee. But for regular buyers and jewellery shoppers, this means paying significantly more starting today.
Global factors are also at play. Spot gold internationally is trading lower by 0.4% below $4,700 per ounce, as stronger-than-expected US inflation figures reduced hopes of rate cuts from the US Federal Reserve and even heightened chances of a rate hike in 2026.
This is a rare situation — global gold is slightly down, but Indian gold is sharply up. The import duty hike is the main reason.
Silver Prices Today Also Surge
It’s not just gold. MCX silver for July 2026 expiry is trading at ₹2,95,526 per kg, higher by ₹16,464 or 5.9% on the day. Silver reclaimed the ₹3 lakh mark for the first time in four months during early trade.
Silver prices are hovering close to ₹2,90,100 per kilogram in the domestic bullion market.
What Should Buyers Do Now?
Experts are suggesting caution for physical gold buyers at this point.
According to Hareesh V, Head of Commodity Research at Geojit Investments, the import duty hike is likely to raise local prices and temporarily dampen physical demand. For investors, the preferred route remains digital gold or gold ETFs, as these options avoid risks associated with physical holdings like smuggling-driven price distortions and storage costs.
If you were planning to buy gold jewellery soon — for a wedding, gifting, or investment — it may be worth waiting a few days to see how prices settle.
Will Gold Prices Rise Further?
Prices are expected to rise further in the coming weeks as the impact of the duty hike gets fully absorbed into the market. With the wedding and festive season approaching in some regions, retail demand remains stable, which could prevent sharp corrections.
There are also concerns that gold buying in the grey market could rise due to the import duty hike. So the coming days will be crucial to watch.
Gold Rate Today — City-Wise Quick Check
| City | 22K (per 10g) | 24K (per 10g) |
|---|---|---|
| Delhi | ₹1,42,150 | ₹1,54,140 |
| Tamil Nadu | — | ₹1,56,340 |
| Telangana | — | ₹1,53,990 |
Note: Prices are indicative and do not include GST, TCS, or making charges. Contact your local jeweller for exact rates.
FAQ
Q1. What is today’s gold price in India on 13 May 2026?
24K gold is trading at around ₹15,398 per gram or ₹1,54,000–₹1,62,000 per 10 grams depending on the exchange and city.
Q2. Why did gold prices go up today?
The Indian government hiked the import duty on gold from 6% to 15%, causing an immediate spike in domestic gold prices.
Q3. Is it a good time to buy gold today?
Experts suggest waiting or opting for digital gold/gold ETFs rather than buying physical gold right now, as prices may stay elevated due to the duty hike.
Q4. What happened to silver prices today?
Silver also surged sharply, trading around ₹2.95 lakh per kg on MCX — up nearly 6% on the day.
Q5. Will gold prices keep rising?
With the import duty now at 15% and global tensions ongoing, prices are expected to remain elevated in the near term.
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