Indian Gold Prices Fall by Rs 2,800 on Global Market Weakness
Gold and silver prices in India took a sharp dip on August 13, 2026, bringing an end to their seven-day winning streak. The decline was largely driven by global market weakness and investors locking in profits after recent price surges.
The gold price fell by Rs 2,800 per 10 grams, settling at Rs 1,57,000 per 10 grams in Delhi, while silver dropped by Rs 6,000 to Rs 2,40,000 per kilogram. This correction follows a period of consistent gains, with market traders engaging in profit booking.
The domestic drop mirrors the weak trend in international bullion markets, where spot gold was down by 0.43% to trade at $4,389.67 per ounce and spot silver saw a decline to $65.03 per ounce. The volatility associated with precious metals is evident in this correction, as investors sell their gains after steady price increases.