- Gold and silver see strong long-term rally, high demand.
Gold Silver Rate Today:Gold prices remained under pressure in the international market on Wednesday, while domestic bullion rates in India continued to stay near record levels amid strong investor interest and volatility in global markets. On the Multi Commodity Exchange (MCX), gold contracts for June 5 delivery were trading at Rs 1,62,648 per 10 grams. The yellow metal continued to hold above the Rs 1.6 lakh mark despite weak global sentiment triggered by stronger-than-expected US inflation data and fading hopes of an early US Federal Reserve rate cut.
Silver prices extended their rally and surged sharply in domestic trade. MCX Silver contracts for July 3 delivery jumped 6.42 per cent to Rs 2,96,984 per kilogram, tracking gains in global precious metal markets and renewed safe-haven buying.
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Analysts said bullion prices found support after the US dollar weakened and crude oil prices eased following US President Donald Trump extending the ceasefire with Iran. Market participants are also closely watching geopolitical developments in West Asia and central bank policy signals for further direction in precious metals.
In the international market, spot gold slipped 0.4 per cent to $4,695.99 an ounce, while US gold futures for June delivery edged 0.4 per cent higher to $4,705.30 per ounce.
According to the Indian Bullion Association (IBA), retail gold prices in India remained elevated on May 13. The rate for 24-carat gold stood at Rs 161,410 per 10 grams, while 22-carat gold was priced at Rs 147,959 per 10 grams. Silver 999 Fine was quoted at Rs 296,570 per kilogram.
Jewellers may additionally levy GST, making charges and local taxes, which can increase the final retail price for customers.
Gold Rates Across Major Cities In India On May 13
Gold Prices in Delhi Today (Per 10 Gram)
- 24 Karat – Rs 162,070
- 22 Karat – Rs 148,564
Gold Prices in Chennai Today (Per 10 Gram)
- 24 Karat – Rs 163,130
- 22 Karat – Rs 149,536
Gold Prices in Bengaluru Today (Per 10 Gram)
- 24 Karat – Rs 162,780
- 22 Karat – Rs 149,215
Gold Prices in Mumbai Today (Per 10 Gram)
- 24 Karat – Rs 161,110
- 22 Karat – Rs 147,684
Gold Prices in Hyderabad Today (Per 10 Gram)
- 24 Karat – Rs 162,610
- 22 Karat – Rs 149,059
Gold Prices in Kolkata Today (Per 10 Gram)
- 24 Karat – Rs 162,140
- 22 Karat – Rs 140,323
Gold Price Today In Major Indian Cities
| City | 24K Gold (Per 10 gm) | 22K Gold (Per 10 gm) |
|---|---|---|
| Hyderabad | Rs 162,610 | Rs 149,059 |
| Ahmedabad | Rs 161,950 | Rs 148,450 |
| Lucknow | Rs 162,220 | Rs 148,720 |
| Bhubaneswar | Rs 162,330 | Rs 148,860 |
| Patna | Rs 162,120 | Rs 148,640 |
| Visakhapatnam | Rs 162,540 | Rs 149,020 |
Silver Prices Across Major Cities In India On May 13
Silver Price In Delhi Today
The current silver price in Delhi stands at Rs 295.72 per gram and Rs 295,720 per kilogram.
Silver Price In Chennai Today
The current silver price in Chennai stands at Rs 297.57 per gram and Rs 297,570 per kilogram.
Silver Price In Bengaluru Today
The current silver price in Bengaluru stands at Rs 296.94 per gram and Rs 296,940 per kilogram.
Silver Price In Mumbai Today
The current silver price in Mumbai stands at Rs 296.03 per gram and Rs 296,030 per kilogram.
Silver Price In Hyderabad Today
The current silver price in Hyderabad stands at Rs 296.70 per gram and Rs 296,700 per kilogram.
Silver Price In Kolkata Today
The current silver price in Kolkata stands at Rs 295.84 per gram and Rs 295,840 per kilogram.
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Silver Price Today In Major Indian Cities
| City | Per Gram | Per KG |
|---|---|---|
| Hyderabad | Rs 296.70 | Rs 296,700 |
| Ahmedabad | Rs 295.90 | Rs 295,900 |
| Lucknow | Rs 295.80 | Rs 295,800 |
| Bhubaneswar | Rs 296.10 | Rs 296,100 |
| Patna | Rs 295.60 | Rs 295,600 |
| Visakhapatnam | Rs 296.40 | Rs 296,400 |
Gold And Silver Continue Long-Term Rally
Gold prices have remained on a strong upward trajectory over the past year amid global economic uncertainty and safe-haven demand. The precious metal rallied sharply from Rs 135,257 in January to nearly Rs 157,480 by March in the domestic market before witnessing mild profit-booking in recent weeks.
Silver, meanwhile, has significantly outperformed gold in percentage terms due to rising industrial demand and sharp currency fluctuations, with prices now trading above Rs 2.9 lakh per kilogram in India.
