Commodities
Gold Prices in India Surge Amid Middle East Tensions
Gold prices in India have seen an increase on August 13, 2026. The current price of 24K gold is Rs 15,513 per gram, up from Rs 15,486 per gram on August 12. The 22K and 18K gold prices are also higher at Rs 14,220 per gram and Rs 11,635 per gram respectively.
The domestic gold market has been volatile due to ongoing tensions in the Middle East. President Donald Trump's claims of U.S. authority over the Strait of Hormuz have sparked a war with Iran, leading to fluctuations in crude oil prices and global instability.
Investors are turning towards gold as a safe haven amid the turmoil. The precious metal market is sensitive to changes in worldwide spot values, government import tariffs, and currency exchange rates.