Direct Fall of Around Rs 11,000 in Gold Rate in India in Single Day; MCX Down: Will Gold Reclaim Losses Today?

Gold rates in India moved lower after a recent rally, tracking weakness in global bullion markets. The precious metal faced selling pressure on Thursday, reversing gains seen in the previous two sessions. 24 Karat gold dropped by Rs 109 to around Rs 16,237 per gram, while 22 Karat gold fell by Rs 100 to about Rs 14,885 per gram, reflecting the broader correction in international gold prices.

Gold Rate Today: Check Latest Domestic & Spot Gold Prices

Gold prices remained steady above $5,180 per ounce on Thursday as investors weighed safe haven demand against the impact of a stronger US dollar and rising bond yields. Meanwhile, the intensifying conflict between the United States (US) and Iran has driven crude oil prices above $100 per barrel, a factor that generally strengthens bullion's appeal as a hedge against inflation.

Analysts say the decline in gold prices is largely linked to a surge in crude oil prices, raising inflation concerns and reducing expectations of an interest rate cut by the Federal Reserve.

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

24 Karat Gold Rate Today in India

In the domestic market, 24 Karat gold recorded a steep fall. At the time of writing, the price of 100 grams of 24K gold dropped by Rs 10,900 to Rs 16,22,200. Similarly, 10 grams of the metal declined by Rs 1,090 to Rs 1,62,220. Prices for 8 grams fell by Rs 872 to Rs 1,29,776, while 1 gram of 24 Karat gold slipped by Rs 109 to Rs 16,222.

22 Karat Gold Rate Today in India

22 Karat gold also registered notable losses in the domestic market. At the time of writing, the price of 10 grams fell by Rs 1,000 to Rs 1,48,700, while the value of 100 grams dropped by Rs 10,000 to Rs 14,87,000. The rate for 8 grams declined by Rs 800 to Rs 1,18,960, and 1 gram slipped by Rs 100.

18 Karat Gold Rate Today in India

Meanwhile, the rate of 100 grams of 18 Karat declined by Rs 8,100 to Rs 12,16,700, while 10 grams fell by Rs 810 to Rs 1,21,670. Rates for 8 grams dropped by Rs 648 to Rs 97,336, and 1 gram decreased by Rs 81 to Rs 12,167.

MCX Gold Price Today

In the futures market on the Multi Commodity Exchange of India (MCX), gold contracts for April 2026 delivery were trading slightly lower. At the time of writing, MCX gold was trading around Rs 160271 per 10 grams. During the session, the contract touched a low of Rs 1,61,076 per 10 grams.

Key Factors Affecting Gold Rate; Check Gold Price Outlook Ahead

Recent economic data also showed that US core inflation remained relatively moderate at the start of the year. However, expectations for monetary easing have weakened, with current forecasts suggesting that the Federal Reserve may deliver only one rate cut later in the year. Meanwhile, the European Union has warned that inflation in the region could exceed 3% this year.

"Gold prices are trading with a cautious bias...... as markets weigh geopolitical uncertainty against macro headwinds. Safe-haven demand remains supported by ongoing tensions in the Middle East, which continues to keep investors positioned in defensive assets. However, the upside in gold is being capped by a stronger U.S. dollar and elevated Treasury yields, both of which increase the opportunity cost of holding non-yielding assets," said Mr. Prithviraj Kothari, MD at RiddiSiddhi Bullions Ltd., President of India Bullion and Jewellers Association Ltd.

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