Gold and Silver Price Today in India, 13 May 2026: Govt Doubles Import Duty to 15%, Gold Jumps 6% to ₹1,63,000 and Silver Surges to ₹2,96,910
The gold price today in India has surged nearly 6% to ₹1,63,000 per 10 grams. The silver price today in India is ₹2,96,910 per kg, up 6.2% in a single session.
The Centre has more than doubled the import duty on gold and silver, raising it to 15% from 6%. The decision combines a 10% basic customs duty with a 5% Agriculture Infrastructure and Development Cess. This is the biggest domestic driver of today's sharp price jump. The move follows PM Modi's appeal last Sunday asking Indians to avoid buying gold for a year, and comes as India's gold import bill has risen sharply.
Gold and Silver Price Today in India – Key Highlights
| Metric | Gold 24K | Silver 999 |
|---|---|---|
| Spot Price (per 10g / per kg) | ₹1,63,000 | ₹2,96,910 |
| Change vs Yesterday | 🟢 ▲ ₹8,990 | 🟢 ▲ ₹17,340 |
| % Change | 🟢 ▲ +5.84% | 🟢 ▲ +6.20% |
| MCX Price | ₹1,62,375/10g | ₹2,96,439/kg |
| MCX Change | 🟢 ▲ +₹8,933 (+5.82%) | 🟢 ▲ +₹17,377 (+6.23%) |
| COMEX Gold | $4,710.80/oz | — |
| COMEX Silver | $87.18/oz | — |
| COMEX Gold Change | 🟢 ▲ +$24.10 (+0.51%) | — |
| COMEX Silver Change | 🟢 ▲ +$1.59 (+1.86%) | — |
| Gold-Silver Ratio | ~54:1 | — |
| USD/INR | ₹95.31 | — |
| Last Updated | 13 May 2026, 13:40 IST | 13 May 2026, 13:40 IST |
Gold Price Today in India (24K, 22K, per gram and 10g)
The gold price today in India is ₹16,300 per gram for 24-carat gold, as per Bullions.co.in (13:40 IST). Retail market rates show 24-carat gold at around ₹15,399 per gram and 22-carat gold at ₹14,116 per gram.
| Purity | Per Gram (₹) | Per 10g (₹) | Per 100g (₹) | Change vs Yesterday |
|---|---|---|---|---|
| 24 Karat (999) | 16,300 | 1,63,000 | 16,30,000 | 🟢 ▲ +5.84% |
| 22 Karat | 14,942 | 1,49,417 | 14,94,167 | 🟢 ▲ |
| 20 Karat | 13,583 | 1,35,833 | 13,58,333 | 🟢 ▲ |
| 18 Karat | 12,225 | 1,22,250 | 12,22,500 | 🟢 ▲ |
| 14 Karat | 9,508 | 95,083 | 9,50,833 | 🟢 ▲ |
Silver Price Today in India (per gram and per kg)
The silver price today in India is ₹297 per gram and ₹2,96,910 per kg for 999 fine silver (Bullions.co.in, 13:40 IST). Silver prices in the domestic market are hovering close to ₹2,90,100 per kilogram, with Silver 925 sterling at ₹2,90,000 per kilogram.
Silver is up a massive 206.47% year-on-year from ₹96,880/kg in May 2025. On a one-week basis, silver has gained 16.86% from ₹2,54,080/kg on 6 May.
| Unit | Silver 999 Fine (₹) | Silver 925 Sterling (₹) | Silver 900 Coin (₹) | Change vs Yesterday |
|---|---|---|---|---|
| 1 gram | 297 | 275 | 267 | 🟢 ▲ +6.20% |
| 10 grams | 2,969 | 2,746 | 2,672 | 🟢 ▲ |
| 100 grams | 29,691 | 27,464 | 26,722 | 🟢 ▲ |
| 1 kg (999 fine) | 2,96,910 | 2,74,642 | 2,67,219 | 🟢 ▲ +17,340 |
| 1 ounce | 8,417 | 7,786 | 7,576 | 🟢 ▲ |
| 1 tola | 3,463 | 3,203 | 3,117 | 🟢 ▲ |
City-Wise Gold and Silver Rates Today in India (13 May 2026)
Gold rates remained elevated across major Indian cities on Wednesday after the Centre's decision to raise import duties to 15%. In Delhi, 24K gold is at ₹15,414 per gram and 22K is at ₹13,131 per gram. In Mumbai and Kolkata, 24K is ₹15,399 per gram. In Chennai, 24K gold is at ₹15,634 per gram and 22K is at ₹14,331 per gram.
Chennai continues to hold the highest rates among major metros, as it does on most sessions.
| City | Silver 999 (₹/kg) | Silver (₹/g) | Gold 24K (₹/10g) | Gold 22K (₹/10g) | vs Yesterday |
|---|---|---|---|---|---|
| Delhi | 2,90,100 | 290 | 1,54,140 | 1,31,310 | 🟢 ▲ |
| Mumbai | 2,90,100 | 290 | 1,53,990 | 1,31,160 | 🟢 ▲ |
| Chennai | 2,90,100 | 290 | 1,56,340 | 1,43,310 | 🟢 ▲ |
| Hyderabad | 2,90,100 | 290 | 1,54,140 | 1,31,310 | 🟢 ▲ |
| Bengaluru | 2,90,100 | 290 | 1,54,140 | 1,31,310 | 🟢 ▲ |
| Kolkata | 2,90,100 | 290 | 1,53,990 | 1,31,160 | 🟢 ▲ |
| Pune | 2,90,100 | 290 | 1,53,990 | 1,31,160 | 🟢 ▲ |
| Ahmedabad | 2,90,100 | 290 | 1,54,040 | 1,31,210 | 🟢 ▲ |
| Surat | 2,90,100 | 290 | 1,54,040 | 1,31,210 | 🟢 ▲ |
| Jaipur | 2,90,100 | 290 | 1,54,140 | 1,31,310 | 🟢 ▲ |
Note: Retail city-wise rates from DNA India and Goodreturns include local taxes and dealer margins. The Bullions.co.in spot rate of ₹1,63,000/10g and the MCX rate of ₹1,62,375/10g reflect higher all-in pricing after the duty hike.
MCX Gold and Silver Prices Today (13 May 2026)
MCX has seen sharp gains across both contracts today. MCX gold hit an intraday high of ₹1,64,497/10g and MCX silver touched ₹3,01,429/kg before pulling back slightly. Both metals are on track for one of their biggest single-day gains of 2026.
| Contract | Price (₹) | Change | % Change | Intraday High | Intraday Low | Prev. Close |
|---|---|---|---|---|---|---|
| MCX Gold — June 2026 | 1,62,375/10g | 🟢 ▲ +8,933 | 🟢 +5.82% | 1,64,497 | 1,54,851 | 1,53,442 |
| MCX Silver — July 2026 | 2,96,439/kg | 🟢 ▲ +17,377 | 🟢 +6.23% | 3,01,429 | 2,90,224 | 2,79,062 |
MCX silver crossed ₹3 lakh per kg for the first time intraday before retreating. This is a historic level for the metal in India.
Global Gold and Silver Prices Today - COMEX and Spot (13 May 2026)
| Commodity | Exchange | Price (USD) | Change | % Change | Intraday High | Intraday Low |
|---|---|---|---|---|---|---|
| Gold Futures | COMEX | $4,710.80/oz | 🟢 ▲ +$24.10 | 🟢 +0.51% | $4,734.80 | $4,696.00 |
| Silver Futures | COMEX | $87.18/oz | 🟢 ▲ +$1.59 | 🟢 +1.86% | $88.58 | $86.33 |
| Gold-Silver Ratio | — | ~54:1 | 🔴 ▼ Tightening | — | — | — |
The gold-silver ratio has tightened sharply to around 54:1. This is well below the long-term average of ~68. It means silver is outperforming gold significantly right now. On COMEX, silver's 1.86% gain today has outpaced gold's 0.51% rise.
What Is Driving Gold and Silver Prices Today?
1. India hikes import duty on gold and silver to 15%
This is the single biggest driver of today's price surge. India has more than doubled the import duty on gold and silver, raising it to 15% from 6%. The decision combines a 10% basic customs duty with a 5% Agriculture Infrastructure and Development Cess.
The government increased import duties to reduce inbound shipments and save foreign exchange amid the West Asia crisis and rising import bills. Gold imports surged 24% to $71.98 billion in 2025-26, making gold over 9% of total imports.
Soon after the announcement, gold prices jumped nearly 6%, and gold ETFs also started trading higher as markets reacted to the sharp duty hike.
2. PM Modi's appeal and government intent
The duty hike follows PM Modi's appeal on Sunday, urging Indians to avoid buying gold for a year. It was a rare public call that emphasised just how seriously the government is treating the pressure on reserves. The duty hike confirms that the government is using every available tool to curb gold demand.
3. Grey market and smuggling risk
Not everyone is pleased with the hike. A Mumbai-based bullion dealer warned that grey markets would likely reactivate given the profit potential at current price levels. "Grey markets are likely to become active, as the incentives to bring in gold illegally are high. At current price levels, smugglers could make significant profits," he said. The jewellery industry has also flagged that high duties can hurt formal demand while boosting illegal imports.
4. US-Iran tensions and crude oil
Silver is soaring on strong industrial demand amid Iran war worries. The Strait of Hormuz remains a flashpoint. Crude oil is trading above $104 per barrel, stoking inflation fears and keeping safe-haven demand for both metals elevated globally.
5. Weak US dollar
Gold prices have risen on a weak dollar and declining oil prices in recent sessions. The dollar index near 98 remains a support for gold and silver prices globally.
Gold vs Silver Performance – Trend Analysis
| Date | Silver 999 (₹/kg) | Gold 24K (₹/10g) | MCX Silver (₹/kg) | MCX Gold (₹/10g) | Move |
|---|---|---|---|---|---|
| 13 May 2026 | 2,96,910 | 1,63,000 | 2,96,439 | 1,62,375 | 🟢 ▲ Both surge |
| 12 May 2026 | 2,79,570 | 1,54,010 | 2,79,062 | 1,53,442 | 🔴 ▼ Both fall |
| 11 May 2026 | 2,62,370 | 1,53,150 | 2,61,922 | 1,52,530 | 🔴 ▼ Gold soft |
| 7 May 2026 | 2,44,230 | 1,49,830 | ~2,57,000 | 1,53,110 | 🟢 ▲ Both up |
| 6 May 2026 | 2,54,080 | 1,52,730 | — | — | 🟢 ▲ |
| 1 Month Ago | 2,41,460 | 1,52,210 | — | — | — |
| 1 Year Ago | 96,880 | 94,070 | — | — | — |
Silver is up 16.86% from one week ago and a staggering 206.47% year-on-year. Gold is up 6.72% from last week and 73.28% annually. Both metals are delivering historic returns to long-term holders.
Gold and Silver Price Outlook
The import duty hike changes the pricing structure for gold and silver in India going forward. Higher duties mean higher retail prices, regardless of what global spot prices do. This is a permanent cost increase until the duty is reversed.
| Factor | Direction | Impact on Prices |
|---|---|---|
| Import duty hiked to 15% | 🔴 Structural | 🟢 Permanently higher retail prices |
| PM Modi gold appeal | 🔴 Demand dampener | 🔴 Soft retail demand near term |
| US-Iran Hormuz tensions | 🔴 Unresolved | 🟢 Safe-haven demand intact |
| COMEX silver above $87 | 🟢 Bullish | 🟢 Global momentum supportive |
| Dollar index near 98 | 🔴 Soft | 🟢 Supportive for gold/silver |
| Smuggling risk rising | 🔴 Policy risk | 🔴 Formal market disruption risk |
Near-term support for MCX gold is at ₹1,55,000. A hold above ₹1,60,000 would confirm the new post-duty price floor. For silver, ₹2,80,000/kg is now key support after today's historic break above ₹3 lakh intraday.
This outlook is for informational purposes only. Please consult a financial adviser before making investment decisions.
Muskaan Kapoor
FAQs
What is the gold price today in India per gram?
The gold price today in India is ₹16,300 per gram for 24-carat gold, as per Bullions.co.in (13:40 IST). Retail market rates show 24-carat gold at around ₹15,399 per gram and 22-carat gold at ₹14,116 per gram.
What is the silver price today in India per kg?
The silver price today in India is ₹2,96,910 per kg for 999 fine silver as of 13 May 2026 (13:40 IST), up ₹17,340 or 6.20% from yesterday. Retail market quotes from DNA India show ₹2,90,100 per kg. Silver has gained 206.47% year-on-year from ₹96,880/kg in May 2025.
Why did gold and silver prices jump today in India?
The main reason is India's decision to hike import duty on gold and silver from 6% to 15%, announced today. This sharp increase in the cost of importing gold has directly pushed up retail prices. Secondary reasons include ongoing US-Iran tensions keeping safe-haven demand alive, a softish US dollar, and COMEX silver hitting $88.58 intraday.
Will gold prices stay high after the import duty hike?
Higher import duty creates a new, structurally higher price floor for gold and silver in India. Unless the duty is reversed, domestic prices will remain elevated relative to global spot prices. However, demand may soften in the short term due to PM Modi's appeal and the price shock for retail buyers. Industry experts also warn of a rise in grey market activity. Please consult a qualified financial adviser before making investment decisions.
