On October 13, 2026, gold prices in India experienced a slight decline across all purity levels. According to Good Returns, 24-carat gold dropped by Rs 39 to Rs 14,929 per gram, while 22-carat gold fell by Rs 35 to Rs 13,685 per gram. The price of 18-carat gold decreased by Rs 29, settling at Rs 11,197 per gram. This downward trend follows a similar pattern observed in international markets, where gold futures also saw selling pressure.
Vikram Subburaj, CEO of Giottus.com, noted that MCX December gold futures opened at ₹1,51,596 per 10 grams on Monday but later fell to ₹1,50,845. December silver futures opened at ₹2,25,494 per kg but slipped to ₹2,25,304. Subburaj attributed this weakness to a stronger US dollar and rising oil prices, which weighed on bullion markets.
Tensions in West Asia have added to market volatility. Following targeted strikes on Saudi Arabian aviation hubs by Yemen’s Houthis, oil prices fell, balancing supply fears against anticipated boosts in Russian diesel exports. Brent crude dropped $1.30 to $105.35 per barrel, while US WTI slipped $1.25 to $92.49 per barrel. The collapse of a 60-day maritime armistice between the US and Iran has further heightened concerns over global energy disruption, driving a safe-haven rally in precious metals.
City-wise, gold prices varied slightly. In Chennai, 24-carat gold was priced at Rs 14,929 per gram, while in Delhi, it stood at Rs 14,944 per gram. In Kolkata, Bangalore, Hyderabad, Pune, Vadodara, and Ahmedabad, the price was higher at Rs 15,929 per gram for 24-carat gold. These variations reflect regional market dynamics and import duty revisions.