Gold & Silver Rates Today (13-05-2026) Live: MCX Gold Rally By Rs 9,000, Silver Price Beats By Ganing Rs 18K

Gold rates and silver rates in India made one of the strongest single-day surges on May 13, 2026, after the government hiked import duty on precious metals amidst the West Asia crisis. MCX gold skyrocketed by Rs 11,055 to hit above Rs 1.64 lakh, while MCX silver zoomed by nearly Rs 22,400 to reclaim of Rs 3 lakh for the first time in four months.

Indian precious metals are outperforming the international bullion market. Spot gold price is trading lower by 0.4% to below $4,700 per ounce and Spot silver also plunged below $87 mark. This is after the stronger-than-expected US inflation figures which further reduced hopes of rate cuts from US Federal Reserves instead heightening the chance of a rate hike in 2026.

Meanwhile, in India, the government hiked custom duties on gold and silver to 15% from 6%. Also, platinum imports duty is hiked to 15.4% from 6.4%.

Globally, as per Trading Economics, US consumer inflation accelerated to 3.8% in April, above market forecasts of 3.7% and the highest reading since May 2023, as escalating energy costs tied to the Middle East conflict pushed prices higher. In other news, India has increased import tariffs on gold and silver in a bid to curb bullion purchases and support its currency. Meanwhile, oil prices rallied over the past three sessions as ongoing diplomatic efforts to resolve the US-Iran war continued to stall, keeping concerns over inflation and energy markets firmly in focus. In other news, India has increased import tariffs on gold and silver in a bid to curb bullion purchases and support its currency.

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May 13, 2026, 1:14 pm IST

Gold Rates Today Live Updates: GJEPC Calls Retailers, Jewellers, Manufacturers For Meeting

GJEPC has sought a meeting with major retailers and manufacturers. GJEPC is proposing several measures that could reduce imports following the PM's appeal. Key proposals include promoting lower-carat golds such as 18 carat and 14 carat along with encouraging consumers to exchange old gold for new jewelry. This is believed to revive the gold monetisation scheme.

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May 13, 2026, 1:14 pm IST

Gold Rates Today Live Updates: Duty Hike On Gold To Remail Until Middle East Crisis Does Not End

Suvankar Sen, MD & CEO, Senco Gold, said, "The duty would remain high till the Middle East crisis remains, crude oil prices remain high and the oil supply chain becomes stable. So, maybe around one year it shall stay at these levels." Sen added that volumes might decrease by 10-15 percent but the value will remain high. Consumers will buy lighter weight jewellery."

May 13, 2026, 1:13 pm IST

Gold Rates Today Live Updates: Customs Duty Hike To Push Gold Prices Higher

According to GJEPC, the latest hike could push gold rates higher. In a statement, GJEPC said, "Despite gold prices doubling recently, imports have not declined proportionally. Such measures often fuel smuggling and escalate export costs."

May 13, 2026, 1:12 pm IST

Gold Rates Today Live Updates: How Much Gold Is Duty Free And How Much Taxes Are Levied

For male passengers (Beyond 20g, capped at a ₹50,000 limit)
3% - 20 grams to 50 grams
6% - 50 grams to 100 grams
10% - over 100 grams
For Female Passengers (Beyond 40g, capped at a ₹1,00,000 limit)
3% - 40 grams to 100 grams
6% - 100 grams to 200 grams
10% - over 200 grams

Here’s a breakdown of customs duty on gold above the duty-free limit depending upon who is importing the precious metals.

May 13, 2026, 1:10 pm IST

Gold Rates Today Live Updates: Comparison of old vs. new customs duty on gold

Old Basic Duty Impact		New Basic Duty Impact
Particulars	Rate (%)	Value (Rs.)	Rate (%)	Value (Rs.)
Total Tariff (Base Value)	-	100000		100000
Basic Duty	5	5000	10	10000
Agriculture Infrastructure and Development Cess	1	1000	5	5000
Subtotal		106000		115000
IGST	3	3,180	3	3495
Final Price		109180		118495

Here is an example of how the new custom duty hike on gold will impact prices.

May 13, 2026, 12:33 pm IST

Silver Rates Today Live Updates: Spot Silver Struggles Below

Spot silver struggled below 87 mark after hitting its strongest level in two months. Silver still continues to outperform gold on improving outlook for industrial demand. As per Trading Economics, the metal is widely used in electronics, solar panels, and other industrial applications due to its high electrical conductivity, while also serving as a traditional investment asset alongside gold. Sentiment remained cautious, however, after hotter-than-expected US inflation data reduced expectations for Federal Reserve interest rate cuts.

May 13, 2026, 12:32 pm IST

Gold Rates Today Live Updates: Spot Gold Falls

Gold fell toward ,700 an ounce on Wednesday, facing downward pressure after stronger-than-expected US inflation figures reduced expectations for Federal Reserve rate cuts. US consumer inflation accelerated to 3.8% in April, above market forecasts of 3.7% and the highest reading since May 2023, as escalating energy costs tied to the Middle East conflict pushed prices higher, as per Trading Economics.

May 13, 2026, 10:39 am IST

Gold Rates & Silver Rates Today Live Updates: How Much Import Duty Is Hiked On Precious Metals?

The government has imposed a 10% basic customs duty and an additional 5% Agricultural Infrastructure adn Development Cess (AIDC) on gold and silver imports. With this, the total import tax on the precious metals increased from 15% to 6%.

May 13, 2026, 10:37 am IST

Silver Rates Today Live Updates: MCX Silver Jumps By Rs 22,400

MCX silver climbed by Rs 22,367 to touch an intraday high of Rs 3,01,429 per 1Kg on May 13, compared to Rs 2,79,062 per 1Kg in the previous day. The performance is stirred by the latest import duty hike due to Middle East crisis. At the time of writing, MCX silver traded at Rs 2,96,743 per 1Kg, up by Rs 17,681 or 6.34%.

May 13, 2026, 10:35 am IST

Silver Rates Today Live Updates: Silver Rate In India Reclaims Rs 3 Lakh Mark.

Gram	Today	Yesterday	Change
1	₹310	₹290	+ ₹20
8	₹2,480	₹2,320	+ ₹160
10	₹3,100	₹2,900	+ ₹200
100	₹31,000	₹29,000	+ ₹2,000
1000 (1kg)	₹3,10,000	₹2,90,000	+ ₹20,000

After the government hiked import duty to 15% from 6%, silver rates in India witnessed a strong upside. 1Kg silver soared by Rs 20,000 to Rs 3,10,000, while 100 grams and 10 grams silver surged by Rs 2,000 and Rs 200 to Rs 31,000 and Rs 3,100.

May 13, 2026, 10:33 am IST

Gold Rates Today Live Updates: 18 Carat Gold Price Witnesses Humungous Upside

Gram	Today	Yesterday	Change
1	₹12,592	₹11,549	+ ₹1,043
8	₹1,00,736	₹92,392	+ ₹8,344
10	₹1,25,920	₹1,15,490	+ ₹10,430
100	₹12,59,200	₹11,54,900	+ ₹1,04,300

Just like 24 carat and 18 carat gold pirces, 18 carat also witnessed a humungous rally on May 13. 10 grams gold of 18 carat zoomed by Rs 10,430 to Rs 1,25,920 and 100 grams gold here is up by Rs 1,04,300 to Rs 12,59,200. Check full prices here.

May 13, 2026, 10:31 am IST

Gold Rates Today Live Updates: 22 Carat Gold Price In Magnificent Rally

Gram	Today	Yesterday	Change
1	₹15,390	₹14,115	+ ₹1,275
8	₹1,23,120	₹1,12,920	+ ₹10,200
10	₹1,53,900	₹1,41,150	+ ₹12,750
100	₹15,39,000	₹14,11,500	+ ₹1,27,500

22 carat gold price witnessed one of the magnificient rally on May 13. 10 grams gold surged by Rs 12,750 to Rs 1,53,900 and 100 grams gold zoomed by a whopping Rs 1,27,500 to Rs 15,39,00 per 100 grams.

May 13, 2026, 10:30 am IST

Gold Rates Today Live Updates: 24 Carat Jumps By Rs 1,39,100 In 1 Day

Gram	Today	Yesterday	Change
1	₹16,789	₹15,398	+ ₹1,391
8	₹1,34,312	₹1,23,184	+ ₹11,128
10	₹1,67,890	₹1,53,980	+ ₹13,910
100	₹16,78,900	₹15,39,800	+ ₹1,39,100

Amidst import duty hike, 24 carat gold prices jumped above the roof. 10 grams gold surged by Rs 13,910 to Rs 1,67,890 and 100 grams gold skyrocketed by Rs 1,39,100 in 1 day to Rs 16,78,900.

May 13, 2026, 10:26 am IST

Gold Rates Today Live Updates: MCX Gold Price Rallies Strongly After Import Duty Hike

MCX gold price skyrocketed by at least Rs 11,055 to hit an intraday high of Rs1,64,497 per 10 grams on May 13, compared to previous day's closing of Rs 1,53,442 per 10 grams. Gold in India surged after the government hiked import duty to 15% from 6%. At the time of writing, MCX gold held its bullish trend but corrected slightly. Currently, it is trading at Rs 1,62,528 per 10 grams, up by Rs 9,086 or 5.92%.