Gold Rate Today in India Skyrockets! 24K Reaches Rs 1.67 Lakh, Silver Above Rs 3 Lakh After Import Duty Hike

Gold and silver prices in India surged sharply on Wednesday, May 13, 2026, recording one of the biggest single-day rallies in recent months after the government raised the import duty on gold and silver to 15% from 6%. The sharp increase in duties triggered an immediate spike in domestic bullion prices, pushing both precious metals to multi-month highs despite PM Narendra Modi's recent appeal urging households to postpone discretionary gold purchases.

Gold, Silver Prices Today Skyrockets as Government Raises Import Duty on Bullion to 15%

Gold rate in India witnessed an extraordinary jump, with 24 Karat (24K) gold soaring by Rs 1,391 per gram to Rs 16,789, while 22 Karat (22K) gold surged by Rs 1,275 to Rs 15,390 per gram on May 13. The latest move marks one of the steepest daily increases seen this year.

Over just three trading sessions, from May 11 to May 13, the price of 24K gold has skyrocketed by Rs 1,55,400 per 100 grams, underscoring the intensity of the ongoing rally.

Silver prices also staged a historic breakout, crossing the Rs 3,10,000 per kilogram mark for the first time in four months. The metal climbed by Rs 20 per gram to Rs 310, while the price of one kilogram jumped by Rs 20,000 to Rs 3,10,000. The sharp rise reflects strong safe-haven demand and the direct impact of the higher import duty on domestic bullion markets.

The rally in precious metals came even as the Indian rupee showed modest signs of recovery. After several sessions of weakness, the rupee inched up by 2 paise against the US dollar on Wednesday, snapping its recent losing streak.

Gold Rate Today in India: Check Latest 22K, 24K & 18K Gold Prices on 13 May 2026

24 Karat Gold Rate Today in India

Gold prices in India witnessed a sharp surge on May 13, 2026, with 24 Karat gold rising significantly to Rs 16,789 per gram, compared with Rs 15,398 in the previous session, marking a steep jump of Rs 1,391 per gram.

On a larger scale, 8 grams of 24K gold are now priced at Rs 1,34,312, up from Rs 1,23,184, while 10 grams have climbed to Rs 1,67,890 from Rs 1,53,980. For 100 grams, the price has surged to Rs 16,78,900, higher by Rs 1,39,100 in a single day.

22 Karat Gold Rate Today in India

Similarly, 22 Karat gold also recorded a strong rally, increasing to Rs 15,390 per gram from Rs 14,115, reflecting a gain of Rs 1,275 per gram. The price for 8 grams now stands at Rs 1,23,120, while 10 grams are valued at Rs 1,53,900. On a 100-gram basis, 22K gold has jumped to Rs 15,39,000, up from Rs 14,11,500, marking a sharp rise of Rs 1,27,500.

18 Karat Gold Rate Today in India

Meanwhile, 18 Karat gold also moved higher in line with the broader bullion rally, rising to Rs 12,592 per gram from Rs 11,549, a gain of Rs 1,043 per gram. The price of 8 grams increased to Rs 1,00,736, while 10 grams climbed to Rs 1,25,920. For 100 grams, 18K gold is now priced at Rs 12,59,200, up by Rs 1,04,300 from the previous day.

Silver Rate Today: Check Latest Silver Prices Per Kg and Grams on May 13, 2026

Silver prices climbed to Rs 310 per gram, compared with Rs 290 per gram in the previous session, marking a gain of Rs 20 per gram. On a smaller scale, 8 grams of silver are now priced at Rs 2,480, up from Rs 2,320, while 10 grams have increased to Rs 3,100, compared with Rs 2,900 earlier.

On a larger weight basis, 100 grams of silver are now priced at Rs 31,000, rising by Rs 2,000 from Rs 29,000. Meanwhile, 1 kilogram of silver has surged to Rs 3,10,000, up by a sharp Rs 20,000 from Rs 2,90,000 in the previous session.

MCX Gold Prices Up; Is It Time To Buy Gold; Check Gold Prices Forecast

"MCX Gold June futures maintained their upward trajectory, closing at 153,663, up 0.74%, as the metal capitalizes on its recent breakout. This advance reinforces the bullish structure, with prices now holding firmly above the 153,000 level. Technical positioning remains robust; the contract continues to trade above significant short-term moving averages, confirming a strong "buy on dips" sentiment," said Dr. Ravi Singh - Chief Research Officer (Research) - Master Capital Services Limited.

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