Gold Price Today: Gold Slips in India as Rally Pauses; Silver Also Edges Lower
Gold Prices Ease Despite Global Tensions
Gold prices in India witnessed a decline on March 13, even as geopolitical tensions in West Asia continue to influence global commodity markets. The recent rally in bullion prices appears to have slowed, with both gold and silver showing signs of correction in domestic markets.
In Delhi, the price of 24-carat gold fell to ₹1,62,360 per 10 grams
Market analysts believe the decline is linked to the strengthening of the US dollar and rising concerns about inflation, which are affecting global commodity movements.
Meanwhile, in international markets, spot gold was trading at around $5,178.45 per ounce
Gold prices vary slightly across cities due to differences in local taxes, transportation costs, and demand conditions.
Here are the latest gold rates in major Indian cities (per 10 grams):
City 22-Carat Gold (₹) 24-Carat Gold (₹)| Delhi | 1,48,840 | 1,62,360 |
| Mumbai | 1,48,690 | 1,62,210 |
| Ahmedabad | 1,49,760 | 1,63,370 |
| Chennai | 1,48,690 | 1,62,210 |
| Kolkata | 1,48,690 | 1,62,210 |
| Hyderabad | 1,48,690 | 1,62,210 |
| Jaipur | 1,48,840 | 1,62,360 |
| Bhopal | 1,49,760 | 1,63,370 |
| Lucknow | 1,48,840 | 1,62,360 |
| Chandigarh | 1,48,840 | 1,62,360 |
In cities such as Mumbai, Chennai, and Kolkata, the price of 24-carat gold stands at around ₹1,62,210 per 10 grams
Similarly, Pune and Bengaluru are witnessing comparable price levels for both gold purity categories.
Global Market Volatility Influencing BullionThe precious metals market has been reacting strongly to geopolitical developments in the Middle East. Over the past two weeks, tensions between Iran, Israel, and the United States
On February 28, 2026, Israel and the United States reportedly launched air strikes against Iran, escalating the conflict. Iran responded with missile and drone attacks targeting Israeli positions and other regional locations.
This confrontation has triggered turbulence across international markets, particularly in the energy sector. Crude oil prices have surged
The situation has also impacted key global shipping routes. The Strait of Hormuz, one of the world’s most critical maritime passages for oil and gas transportation, has reportedly faced disruptions.
Approximately 20% of the global oil and gas supply passes through this route, making it extremely important for international trade.
Reports suggest that shipments through alternative routes are taking longer to reach destinations, further adding to market uncertainty.
Silver Prices Also Show WeaknessSilver prices have also experienced fluctuations alongside gold. On March 13, the price of silver in India dropped to around ₹2,79,900 per kilogram.
A day earlier, silver in the Delhi bullion market had risen by ₹1,500, or about 0.54%
In the international market, spot silver was trading at approximately $86.99 per ounce.
Despite the recent correction, silver has seen strong price movements this year. In January 2026, the metal briefly crossed the ₹4 lakh per kilogram mark, reflecting heightened investor interest and global market volatility.
What Experts Are SayingMarket experts say that precious metals are currently reacting to a combination of factors, including geopolitical tensions, currency movements, and investor sentiment.
A stronger dollar generally puts pressure on gold prices because the metal becomes more expensive for buyers using other currencies.
At the same time, ongoing global uncertainties continue to keep demand for safe-haven assets like gold relatively strong, preventing sharp price declines.
As global economic conditions evolve, analysts expect continued volatility in gold and silver prices