Gold rates and silver rates in India made one of the strongest single-day surges on May 13, 2026, after the government hiked the import duty on precious metals amidst the West Asia crisis. Both MCX gold and silver prices have corrected from their early intraday highs of over Rs 1.64 lakh and Rs 3.01 lakh mark. Currently, gold and silver at MCX are up by 6% each to trade around Rs 1,62,390 per 10 grams and Rs 2,96,241 per 1Kg.
In the early trade, MCX gold skyrocketed by Rs 11,055 to hit above Rs 1.64 lakh, while MCX silver zoomed by nearly Rs 22,400 to reclaim of Rs 3 lakh for the first time in four months.
Indian precious metals are outperforming the international bullion market. Spot gold price is trading lower by 0.4% to below $4,700 per ounce and Spot silver also plunged below $87 mark. This is after the stronger-than-expected US inflation figures which further reduced hopes of rate cuts from US Federal Reserves instead heightening the chance of a rate hike in 2026.
Meanwhile, in India, the government hiked custom duties on gold and silver to 15% from 6%. Also, platinum imports duty is hiked to 15.4% from 6.4%.
Globally, as per Trading Economics, US consumer inflation accelerated to 3.8% in April, above market forecasts of 3.7% and the highest reading since May 2023, as escalating energy costs tied to the Middle East conflict pushed prices higher. In other news, India has increased import tariffs on gold and silver in a bid to curb bullion purchases and support its currency. Meanwhile, oil prices rallied over the past three sessions as ongoing diplomatic efforts to resolve the US-Iran war continued to stall, keeping concerns over inflation and energy markets firmly in focus. In other news, India has increased import tariffs on gold and silver in a bid to curb bullion purchases and support its currency.
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May 13, 2026, 6:22 pm IST
Gold Rates Today Live Updates: MCX Gold Pulls Back Slightly But Still Holds Strong Rally
MCX gold for June 2026 expiry, corrected further in the evening session to trade below Rs 1,62,500 levels. At the time of writing, MCX gold performed at Rs 1,62,100, up by Rs 8,658 or 5.64%.
May 13, 2026, 6:21 pm IST
Silver Rates Today Live Updates: MCX Silver Corrects Below Rs 2.96 Lakh In Evening Session
MCX silver for July 2026 expiry, corrected below Rs 2.96 lakh mark in the evening session. At the time of writing, MCX silver traded at Rs 2,95,526 per 1Kg, higher by Rs 16,464 or 5.9%.
May 13, 2026, 6:17 pm IST
Gold Rates Today Live Updates: Should Investors Panic Due To Import Duty Hike?
The recent hike in India’s gold import duty is likely to raise local prices and temporarily dampen physical demand. However, investors should not view this as a reason to panic. Gold continues to hold its appeal as a safe-haven asset, particularly in times of global uncertainty and domestic currency pressures. For investors, the preferred route remains digital gold or gold ETFs. These options avoid the risks associated with physical holdings, such as smuggling-driven price distortions, storage costs, and liquidity issues: Hareesh V, Head of Commodity Research, Geojit Investments Limited.
Gold Rates Today Live Updates: Joyalukkas Gold Rates Today
At retail stores, 22 carat gold price stood at Rs 14,850 per 1 gram and at Rs 1,48,500 per 10 grams. This rate was in states like Andhra Pradesh, Delhi, Gujarat, Karnataka, Kerala, Maharashtra, Odisha, Punjab, Tamil Nadu, Telangana, Uttar Pradesh, and West Bengal.
May 13, 2026, 6:17 pm IST
Gold Rates Today Live Updates: Kalyan Jewellers Gold Rates Today
22 carat gold price at Kalyan Jewellers stood at Rs 14,850 per 1 gram and at Rs 1,48,500 per 10 grams. The 100 grams gold of the same carat is priced at Rs 14,85,000.
May 13, 2026, 6:17 pm IST
Gold Rates Today Live Updates: Malabar Gold Rates Today
24 carat gold price stood at Rs 1,61,135 per 10 grams and at Rs 16,135 per 1 gram. Additionally, 22 carat gold price is at Rs 14,790 per 1 gram and at Rs 1,47,900 per 10 grams.
May 13, 2026, 6:16 pm IST
Gold Rates Today Live Updates: IBJA Gold Rates Today
The 999 purity gold also climbed to Rs 16,041 per 1 gram at IBJA. Similarly, 995 purity gold rate surged to Rs 15,977 per 1 gram and 916 purity gold price is up to Rs 14,694 per 1 gram. Also, the 750 purity and 585 purity gold rose to Rs 12,031 per 1 gram and Rs 9,384 per 1 gram.
May 13, 2026, 6:16 pm IST
Gold Rates Today Live Updates: Tanishq Gold Rates Today
22 carat gold price at Tanishq surged as well to Rs 14,835 per 1 gram, followed by Rs 118,680 per 8 grams, Rs 148,350 per 10 grams and Rs 1,483,500 per 100 grams. Meanwhile, the 24 carat gold price gained to Rs 16,184 per 1 gram and Rs 1,61,840 per 10 grams. Additionally, 18 carat gold surged to Rs 12,138 per 1 gram and to Rs 1,21,138 per 10 grams.
MCX silver closed above Rs 2.97 lakh mark after hitting an intraday high of Rs 3,01,429 per 1 kg. Silver closed at Rs 2,97,192 per 1Kg, higher by Rs 18,130 or 6.50%.
May 13, 2026, 4:16 pm IST
Gold Rates Today Live Updates: MCX Gold Ends Day Time Session
MCX Gold price ended the day time session on a strong bullish note. The bullion ended at Rs 1,62,495 per 10 grams, up by Rs 9,053 or 5.90%.
May 13, 2026, 2:43 pm IST
Gold Rates & Silver Rates Today Live Updates: Gold & Silver Prices At MCX Correct
Both MCX gold and silver prices have corrected from their early intraday highs of over Rs 1.64 lakh and Rs 3.01 lakh mark. Currently, gold and silver at MCX are up by 6% each to trade around Rs 1,62,390 per 10 grams and Rs 2,96,241 per 1Kg.
May 13, 2026, 2:39 pm IST
Platinum Rates Today Live Updates: Platinum Prices In India Rally
Following the latest revision in duty, platinum rates surged in India on May 13. 10 grams platinum jumped by Rs 370 to Rs 64,690, while 100 grams platinum soared by Rs 3,700 to Rs 6,46,900. Additionally, 8 grams platinum is up by Rs 296 to Rs 51,752 and 1 gram platinum is up by Rs 37 to Rs 6,469.
Gold Prices Live Updates Today: Beyond Gold, Import Duty Hiked On Platinum
The government has hiked the import duty on platinum to 15.4% from the earlier 6.4%. This is doubled the duty rate. Hence, platinum prices are expected to significantly jump ahead.
May 13, 2026, 1:41 pm IST
Gold Rates Today Live Updates: Gold Smuggling To Rise In India?
Gold buying and selling in the grey market is expected to rise due to the latest import duty hike. In simple words, "grey market" means "dark market," where goods and services are traded through unofficial and unauthorized channels. These are not regulated and are highly risky.
Gold Rates Today Live Updates: GJEPC Calls Retailers, Jewellers, Manufacturers For Meeting
GJEPC has sought a meeting with major retailers and manufacturers. GJEPC is proposing several measures that could reduce imports following the PM's appeal. Key proposals include promoting lower-carat golds such as 18 carat and 14 carat along with encouraging consumers to exchange old gold for new jewelry. This is believed to revive the gold monetisation scheme.
Gold Rates Today Live Updates: Duty Hike On Gold To Remail Until Middle East Crisis Does Not End
Suvankar Sen, MD & CEO, Senco Gold, said, "The duty would remain high till the Middle East crisis remains, crude oil prices remain high and the oil supply chain becomes stable. So, maybe around one year it shall stay at these levels." Sen added that volumes might decrease by 10-15 percent but the value will remain high. Consumers will buy lighter weight jewellery."
May 13, 2026, 1:13 pm IST
Gold Rates Today Live Updates: Customs Duty Hike To Push Gold Prices Higher
According to GJEPC, the latest hike could push gold rates higher. In a statement, GJEPC said, "Despite gold prices doubling recently, imports have not declined proportionally. Such measures often fuel smuggling and escalate export costs."
May 13, 2026, 1:12 pm IST
Gold Rates Today Live Updates: How Much Gold Is Duty Free And How Much Taxes Are Levied
For male passengers (Beyond 20g, capped at a ₹50,000 limit)
3% - 20 grams to 50 grams
6% - 50 grams to 100 grams
10% - over 100 grams
For Female Passengers (Beyond 40g, capped at a ₹1,00,000 limit)
3% - 40 grams to 100 grams
6% - 100 grams to 200 grams
10% - over 200 grams
Here’s a breakdown of customs duty on gold above the duty-free limit depending upon who is importing the precious metals.
May 13, 2026, 1:10 pm IST
Gold Rates Today Live Updates: Comparison of old vs. new customs duty on gold
Old Basic Duty Impact
New Basic Duty Impact
Particulars
Rate (%)
Value (Rs.)
Rate (%)
Value (Rs.)
Total Tariff (Base Value)
-
100000
100000
Basic Duty
5
5000
10
10000
Agriculture Infrastructure and Development Cess
1
1000
5
5000
Subtotal
106000
115000
IGST
3
3,180
3
3495
Final Price
109180
118495
Here is an example of how the new custom duty hike on gold will impact prices.
May 13, 2026, 12:33 pm IST
Silver Rates Today Live Updates: Spot Silver Struggles Below
Spot silver struggled below 87 mark after hitting its strongest level in two months. Silver still continues to outperform gold on improving outlook for industrial demand. As per Trading Economics, the metal is widely used in electronics, solar panels, and other industrial applications due to its high electrical conductivity, while also serving as a traditional investment asset alongside gold. Sentiment remained cautious, however, after hotter-than-expected US inflation data reduced expectations for Federal Reserve interest rate cuts.
May 13, 2026, 12:32 pm IST
Gold Rates Today Live Updates: Spot Gold Falls
Gold fell toward ,700 an ounce on Wednesday, facing downward pressure after stronger-than-expected US inflation figures reduced expectations for Federal Reserve rate cuts. US consumer inflation accelerated to 3.8% in April, above market forecasts of 3.7% and the highest reading since May 2023, as escalating energy costs tied to the Middle East conflict pushed prices higher, as per Trading Economics.
May 13, 2026, 10:39 am IST
Gold Rates & Silver Rates Today Live Updates: How Much Import Duty Is Hiked On Precious Metals?
The government has imposed a 10% basic customs duty and an additional 5% Agricultural Infrastructure adn Development Cess (AIDC) on gold and silver imports. With this, the total import tax on the precious metals increased from 15% to 6%.
May 13, 2026, 10:37 am IST
Silver Rates Today Live Updates: MCX Silver Jumps By Rs 22,400
MCX silver climbed by Rs 22,367 to touch an intraday high of Rs 3,01,429 per 1Kg on May 13, compared to Rs 2,79,062 per 1Kg in the previous day. The performance is stirred by the latest import duty hike due to Middle East crisis. At the time of writing, MCX silver traded at Rs 2,96,743 per 1Kg, up by Rs 17,681 or 6.34%.
May 13, 2026, 10:35 am IST
Silver Rates Today Live Updates: Silver Rate In India Reclaims Rs 3 Lakh Mark.
Gram
Today
Yesterday
Change
1
₹310
₹290
+ ₹20
8
₹2,480
₹2,320
+ ₹160
10
₹3,100
₹2,900
+ ₹200
100
₹31,000
₹29,000
+ ₹2,000
1000 (1kg)
₹3,10,000
₹2,90,000
+ ₹20,000
After the government hiked import duty to 15% from 6%, silver rates in India witnessed a strong upside. 1Kg silver soared by Rs 20,000 to Rs 3,10,000, while 100 grams and 10 grams silver surged by Rs 2,000 and Rs 200 to Rs 31,000 and Rs 3,100.
Just like 24 carat and 18 carat gold pirces, 18 carat also witnessed a humungous rally on May 13. 10 grams gold of 18 carat zoomed by Rs 10,430 to Rs 1,25,920 and 100 grams gold here is up by Rs 1,04,300 to Rs 12,59,200. Check full prices here.
May 13, 2026, 10:31 am IST
Gold Rates Today Live Updates: 22 Carat Gold Price In Magnificent Rally
Gram
Today
Yesterday
Change
1
₹15,390
₹14,115
+ ₹1,275
8
₹1,23,120
₹1,12,920
+ ₹10,200
10
₹1,53,900
₹1,41,150
+ ₹12,750
100
₹15,39,000
₹14,11,500
+ ₹1,27,500
22 carat gold price witnessed one of the magnificient rally on May 13. 10 grams gold surged by Rs 12,750 to Rs 1,53,900 and 100 grams gold zoomed by a whopping Rs 1,27,500 to Rs 15,39,00 per 100 grams.
May 13, 2026, 10:30 am IST
Gold Rates Today Live Updates: 24 Carat Jumps By Rs 1,39,100 In 1 Day
Gram
Today
Yesterday
Change
1
₹16,789
₹15,398
+ ₹1,391
8
₹1,34,312
₹1,23,184
+ ₹11,128
10
₹1,67,890
₹1,53,980
+ ₹13,910
100
₹16,78,900
₹15,39,800
+ ₹1,39,100
Amidst import duty hike, 24 carat gold prices jumped above the roof. 10 grams gold surged by Rs 13,910 to Rs 1,67,890 and 100 grams gold skyrocketed by Rs 1,39,100 in 1 day to Rs 16,78,900.
May 13, 2026, 10:26 am IST
Gold Rates Today Live Updates: MCX Gold Price Rallies Strongly After Import Duty Hike
MCX gold price skyrocketed by at least Rs 11,055 to hit an intraday high of Rs1,64,497 per 10 grams on May 13, compared to previous day's closing of Rs 1,53,442 per 10 grams. Gold in India surged after the government hiked import duty to 15% from 6%. At the time of writing, MCX gold held its bullish trend but corrected slightly. Currently, it is trading at Rs 1,62,528 per 10 grams, up by Rs 9,086 or 5.92%.
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