Gold Rates Today In India: Gold Falls Rs14,500/100g After US-Iran Strikes; 24K, 22K, 18K Gold Prices, July 13

Gold rates in India crashed sharply on Monday, July 13, 2026, after the new missile strikes between the US and Iran. With tensions in West Asia heating up, inflationary pressure and rate hike fear are back on the shelf, which is good news to the dollar and treasury yield but bad news to safe haven assets. In fact, every rise in dollars makes gold less appealing. And that is exactly what has happened today.

Spot gold price dropped by 1-2%, while the spot silver price nosedived by 3-4%. MCX gold hit below Rs 1.42 lakh and MCX silver crashed below RS 2.22 lakh per 1 kg. The 999 purity gold dropped at least Rs 14,200 in 24 carat, declined by Rs 13,000 in 22 carat and plunged by nearly Rs 11,000 in 18 carat. The physical gold rate of 10 grams is below Rs 1.43 lakh.

"COMEX Gold prices slipped below $4,100 per ounce while prices on MCX remained under pressure as renewed geopolitical tensions between the US and Iran strengthened the US dollar and dampened investor sentiment," said Pinky Yadav, Commodity Fundamental Analyst at Choice Broking.

Gold Rates In India Today

24 carat gold price dropped by Rs 14,200 to Rs 14,29,100 per 100 grams, plunged by Rs 1,420 to Rs 1,42,910 per 10 grams, declined by Rs 1,136 to Rs 14,291 per 1 gram.

In case of 22 carat, 10 grams gold dropped by Rs 1,300 to Rs 1.31 lakh and 100 grams nosedived by Rs 13,000 to Rs 13.10 lakh. Also, 8 grams gold slipped by Rs 1,040 to Rs 1,04,800 and 1 gram gold is down by Rs 130 to Rs 13,100.

Furthermore, the 18 carat gold rate dropped by Rs 10,700 to Rs 10,71,800 per 100 grams and declined by Rs 1,070 to Rs 1,07,180 per 10 grams. Here, 8 grams gold dipped by Rs 856 to Rs 85,744 and 1 gram gold is lower by Rs 107 to Rs 10,718.

Gold Rates City-Wise

In Chennai, gold is expensive at Rs 14,400 per 1 gram, while in cities like Mumbai, Hyderabad, Kerala, Kolkata, Bengaluru and Pune, 1 gram gold price of 24 carat stood at Rs 14,291. In Delhi, gold is also slightly expensive to Rs 14,306 per 1 gram, while in Vadodara and Ahmedabad, gold is around Rs 14,296 per 1 gram.

How Does US-Iran War Impacts Gold Prices In India?

Explaining in detail, Choice Broking's Yadav said, "The latest escalation followed another US strike on Iranian targets and Tehran's announcement of a temporary Strait of Hormuz closure, although US officials disputed the claim."

He added, rising crude oil prices fueled concerns that inflationary pressures could persist, reinforcing expectations that the Federal Reserve may raise interest rates once more this year. Investors are now focused on upcoming US inflation data and Fed Chair Kevin Warsh's congressional testimony, both expected to provide fresh signals on the future direction of US monetary policy later in the day.

Also, Trading Economics pointed out that the US carried out its fourth strike in a week against Iran on Sunday in retaliation for an Iranian attack on a Cyprus-flagged container ship. Tehran declared that the Strait of Hormuz would be closed "until further notice," though the claim was dismissed by the US Central Command. Investors are also awaiting key US inflation data due this week for further clues on the Federal Reserve's policy outlook. Markets currently expect the Fed to deliver one more interest-rate hike before the end of the year. Meanwhile, Fed Chair Kevin Warsh is scheduled to make his first appearance before the US Congress on Tuesday.

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