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Gold and Silver Rates In India Today, April 13: Gold and silver prices slipped to around a one-week low on April 13, pressured by a strengthening US dollar. The decline came as crude oil prices surged after the collapse of US-Iran talks, heightening inflation concerns and reducing expectations of interest rate cuts by the US Federal Reserve this year.
On the MCX, gold prices fell by 0.5 per cent to trade at Rs 1,51,900 per 10 grams in the early trade, while silver declined 1.97 per cent to Rs 2,38,486 per kg.
In Mumbai, the price of 24-carat gold declined to Rs 1,52,830 per 10 grams, while 22k gold was available at Rs 1,40,090 per 10 grams. These rates do not include GST and making charges.
Meanwhile, silver spot prices across India stood at Rs
2,60,000 per kg in Mumbai.
What Is The Price Of 22kt, 24kt Gold Today In India Across Key Cities On April 13?
| City | 22K Gold (per 10gm) | 24K Gold (per 10gm) |
|---|---|---|
| Delhi | Rs 1,40,240 | Rs 1,52,980 |
| Jaipur | Rs 1,40,240 | Rs 1,52,980 |
| Ahmedabad | Rs 1,40,140 | Rs 1,52,880 |
| Pune | Rs 1,40,090 | Rs 1,52,830 |
| Mumbai | Rs 1,40,090 | Rs 1,52,830 |
| Hyderabad | Rs 1,40,090 | Rs 1,52,830 |
| Chennai | Rs 1,40,090 | Rs 1,52,830 |
| Bengaluru | Rs 1,40,090 | Rs 1,52,830 |
| Kolkata | Rs 1,40,090 | Rs 1,52,830 |
In the international market, spot gold was down 0.6% at $4,718.98 per ounce, as of 0222 GMT, after hitting its lowest level since April 7 earlier in the session. US gold futures for June delivery fell 1% to $4,742.
The dollar strengthened 0.4% while oil prices jumped above $100 a barrel, as the US Navy prepared a blockade of the Strait of Hormuz that could restrict Iranian oil shipments after the US and Iran failed to reach a deal to end the war.
Iran’s Revolutionary Guards responded by warning that military vessels approaching the Strait will be considered a ceasefire breach and dealt with harshly and decisively.
What Factors Affect Gold Prices In India?
International market rates, import duties, taxes, and fluctuations in exchange rates primarily influence gold prices in India. Together, these factors determine the daily gold rates across the country.
In India, gold is deeply cultural and financial. It is a preferred investment option and is key to celebrations, particularly weddings and festivals.
With constantly changing market conditions, investors and traders monitor fluctuations closely. Staying updated is crucial for effectively navigating dynamic trends.
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