Gold, Silver rates today (May 13, 2026): Precious metals prices rise sharply, Check latest prices in Delhi, Mumbai, Chennai

Gold and silver prices in India rose sharply on Wednesday, May 13, 2026, after the Centre announced a 15% increase in import duty on gold and silver from the existing 6%. 

This rise also comes as global markets reacted to geopolitical tensions in West Asia and mixed signals from the US dollar. Precious metals, which are traditionally considered safe-haven assets, have not shown sharp upside, indicating cautious investor sentiment and stable domestic demand.

As per the latest retail market rates, 24-carat gold is trading around ₹15,399 per gram, while 22-carat gold is priced near ₹14,116 per gram. Silver prices rose are hovering close to ₹2,90,100 per kilogram in the domestic bullion market. Prices vary slightly across cities due to local taxes, transportation costs, and jewellers’ margins.

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Gold prices in major cities (per gram)

City	24K Gold (₹)	22K Gold (₹)
Delhi	15,414	14,131
Mumbai	15,399	14,116
Chennai	15,634	14,331
Kolkata	15,399	14,116

It is to be noted that gold prices in India are mainly influenced by international bullion rates, rupee-dollar movement, import duty, and seasonal jewellery demand. With the wedding and festive season approaching in some regions, retail demand remains stable, preventing sharp corrections in prices.

Check latest gold rates here

Silver prices in major cities

Silver continues to trade at elevated levels compared to long-term averages, supported by industrial demand as well as investment buying. Unlike gold, silver prices are more sensitive to global manufacturing trends, making the metal more volatile during uncertain economic conditions.

City	Silver (₹ per gm)	Silver (₹ per kg)
Delhi	2,901	2,90,100
Mumbai	2,901	2,90,100
Chennai	3,001	3,00,100
Kolkata	2,901	2,90,100

Check latest silver rates here

MCX closing prices (last trading session on May 13, 2026 as on 9:15 AM)

On the Multi Commodity Exchange (MCX), gold (June futures) settled slightly higher to close at ₹154,010 per 10 grams. Silver (July futures) settled at ₹279,570 per kg. 

Commodity	Price (MCX)	Change
Gold (per 10 gm)	₹163,270	Up 6%
Silver (per kg)	₹296,270	Up 5.97%

Recent futures market data showed mild pressure on bullion, with silver witnessing a sharper correction compared to gold. Analysts say traders remain cautious ahead of global macroeconomic cues, currency movement, and geopolitical developments, which are likely to determine the next trend in precious metals.