Precious metal markets in India saw gold prices climb past ₹1.5 lakh per 10 grams on August 13, 2026, with silver also reaching new heights, topping ₹2.5 lakh per kilogram. This movement comes amidst a period of relative stability in domestic rates, primarily influenced by a subdued international bullion market.
MCX Futures Reflect Steady Trend
On the Multi Commodity Exchange (MCX), gold futures experienced a slight dip of 0.23%, settling at ₹1.54 lakh per 10 grams. Similarly, silver futures saw a marginal decrease of approximately 0.50%, trading at ₹2.36 lakh per kilogram. These figures underscore the largely stable yet subtly shifting landscape of precious metal investments.
Understanding Gold Purity: 24-Karat vs. 22-Karat
In the retail sector, gold is predominantly traded in two purities: 24-karat and 22-karat. While 24-karat gold is recognized as the purest form of the yellow metal, 22-karat gold is a popular choice for jewellery. Its composition, which includes alloyed metals, provides enhanced strength and durability, making it more suitable for crafting intricate designs.
Global Factors Influencing Precious Metal Prices
Market analysts continue to closely monitor several global economic indicators that exert significant influence over precious metal prices. These include evolving global economic data, expectations surrounding US interest rate adjustments, and fluctuations in international currency markets. Such factors are crucial in determining the future trajectory of both gold and silver.
City-Wise Retail Rates on August 13
- Delhi: 24K Gold at ₹1,55,020 per 10gm; Silver at ₹2,54,900 per kg
- Mumbai: 24K Gold at ₹1,54,870 per 10gm; Silver at ₹2,54,900 per kg
- Chennai: 24K Gold at ₹1,54,920 per 10gm; Silver at ₹2,59,900 per kg
Leading Jeweller Rates
Major jewellery retailers also reflected the upward trend on August 13, 2026. Joyalukkas and Malabar Gold & Diamonds quoted 22K gold at ₹14,195 per gram across various Indian states. Tanishq's 22K rate was slightly higher at ₹14,240 per gram. For 24-karat gold, Malabar offered ₹15,485 per gram, while Tanishq's corresponding rate was ₹15,535 per gram.
These minor variations in retail prices among jewellers are typically attributed to brand-specific pricing strategies, procurement costs, and localized market dynamics, even as broader bullion trends continue to guide overall gold prices.