Gold, silver prices in India hit fresh high on May 13: Check rates in major cities
Gold and silver prices in India recorded one of their sharpest single-day jumps on May 13, after the government increased import duty on precious metals amid the ongoing West Asia crisis.
On the Multi Commodity Exchange (MCX), gold prices surged by ₹11,055 to cross ₹1.64 lakh, while silver prices rallied nearly ₹22,400, reclaiming the ₹3 lakh mark for the first time in four months.
Gold price today
| City | 24K Today | 22K Today | 18K Today |
| Chennai | ₹15,634 | ₹14,331 | ₹11,951 |
| Mumbai | ₹16,789 | ₹15,390 | ₹12,592 |
| Delhi | ₹16,804 | ₹15,405 | ₹12,607 |
| Kolkata | ₹16,789 | ₹15,390 | ₹12,592 |
| Bangalore | ₹16,789 | ₹15,390 | ₹12,592 |
| Hyderabad | ₹16,789 | ₹15,390 | ₹12,592 |
| Kerala | ₹16,789 | ₹15,390 | ₹12,592 |
| Pune | ₹16,789 | ₹15,390 | ₹12,592 |
| Vadodara | ₹16,794 | ₹15,395 | ₹12,597 |
| Ahmedabad | ₹16,794 | ₹15,395 | ₹12,597 |
Silver prices today
| City | 10 gram | 100 gram | 1 Kg |
| Chennai | ₹3,300 | ₹33,000 | ₹3,30,000 |
| Mumbai | ₹3,100 | ₹31,000 | ₹3,10,000 |
| Delhi | ₹3,100 | ₹31,000 | ₹3,10,000 |
| Kolkata | ₹3,300 | ₹33,000 | ₹3,30,000 |
| Bangalore | ₹3,100 | ₹31,000 | ₹3,10,000 |
| Hyderabad | ₹3,001 | ₹30,010 | ₹3,00,100 |
| Kerala | ₹3,300 | ₹33,000 | ₹3,30,000 |
| Pune | ₹3,100 | ₹31,000 | ₹3,10,000 |
| Vadodara | ₹3,100 | ₹31,000 | ₹3,10,000 |
| Ahmedabad | ₹3,100 | ₹31,000 | ₹3,10,000 |
Gold and silver prices in India are influenced by a combination of global and domestic factors. International market trends, fluctuations in the US dollar, and changes in global demand for precious metals play a major role in determining prices.
In India, import duties, GST, transportation costs and the rupee’s exchange rate against the dollar also affect daily rates, as the country imports a significant portion of its gold and silver.
Prices often rise during periods of economic uncertainty, inflation or geopolitical tensions, when investors turn to precious metals as safe-haven assets.
Domestic demand during festivals and wedding seasons can also push prices higher across retail markets.