Gold Rate in India Takes Hit Amid Iran-US War: 24K Sinks Rs 1.18 Lakh/100 Gm In 2 Week; Silver Down | March 13

Gold Rate in India: Gold and silver prices in India extended their decline for another day in March, putting bullion on track for a second consecutive weekly drop since the escalation of the Iran-Israel-US conflict. The prices of 24-karat, 22-karat and 18-karat gold slipped across the domestic market on Friday, March 13.While silver rate in India today also moved lower during the trading session amid volatile global cues.

The decline in gold and silver rate has come after a record rally in January, followed by a significant price correction in February. The precious metals have continued to decline even in March, especially after Israel and US began air strikes on Iran.

Massive Decline in Gold Rate in India In March

The price of 24 karat gold in India stood at Rs 17309 per gram on March 1, ie per 100 gram of 24 karat gold in India costed around Rs 17,30,900 on March 1, as per Goodreturns data. The rate of 24 karat gold in India stood at Rs 16124 per gram, ie Rs 16,12,400 per 100 gram on March 13. This translates to a decline of Rs 1,18,500 per 100 grams in 24-karat gold prices in India since the start of the month.

24 Karat Gold Rate in India Today

The price of 24 karat gold in India declined by Rs 98 per gram to Rs 16,124 per gram on Friday, March 13. Which means that per 10 gram of 24 karat gold in India fell by Rs 980 to Rs 161240. The rate of per 100 gram of 24 karat gold in India slipped to Rs 1612400.

22 Karat Gold Rate in India Today

The price of 22 karat gold in India declined by Rs 90 per gram to Rs 14,780 on Friday. Hence the rate of per 10 gram of 22 karat gold in India declined to Rs 147800. Per 100 gram of 22 karat gold in India slipped to Rs 14,78,000.

18 Karat Gold Rate in India Today

The rate of 18 karat gold in India declined by Rs 74 per gram to Rs 12,093 per gram on Friday, March 13. The rate of per 10 gram of 18 karat gold in India slipped to Rs 120930 per. Meanwhile, the rate of per 100 gram of 18 karat gold in India fell to Rs 12,09,300 on Friday.

Silver Rate in India Today

Silver rate in India declined on Friday to Rs 279.9 per gram and to Rs 2,79,900 per kilogram. The silver has seen some decent price correction in March after seeing a record volatility in January.

Why Gold And Silver Rate in India Is Declining Amid Iran-US War?

Gold is often seen as a safe haven asset which sees a surge in demand amid situations of geopolitical uncertainty and trade tensions. However, the beginning of the Iran-US war marked a downfall in the prices of gold and silver. The downward trend in gold and silver rate coincided with strengthening of dollar and treasury yields.

Fresh tension in oil-rich West Asia is lifting oil prices and drawing attention to safe-haven assets. Yet gains in gold and silver are capped, as many investors use the spike to book profits after recent strong rallies.

"Silver's correction despite geopolitical tensions is much to do with macroeconomic and market factors rather than a collapse in underlying demand. Silver has already experienced an extraordinary rally, increasing more than 130-150% during 2025 and reaching record highs already in 2026. So some of the correction can be attributed to it being over bought and some profit taking," explained Ross Maxwell, Global Strategy Operations Lead, VT Markets.

"A stronger USD and expectations that the FED may keep interest rates higher for longer have also reduced the appeal of non-yielding assets like silver and gold. Exchanges have raised margin requirements for metals futures during periods of extreme volatility created by the ongoing geopolitical issues, forcing leveraged traders to unwind positions," Maxwell added.

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