Gold Rates & Silver Rates Today Live Updates: MCX Gold Falls 1% & Silver Price Crashes By 2% On Energy Crisis

Gold rates and silver rates in India dropped sharply on April 13, following weak global cues after US-Iran talks failed, keeping the ongoing Middle East crisis on the edge. Spot gold price dropped by 2% to trade below $4,700 per ounce, and Spot Silver plunged by nearly 2% to trade below $75 per ounce.

MCX gold price tumbled by over Rs 1,100 or nearly 1% to struggle around Rs 1,51,500 per 10 grams mark. MCX silver plummeted by nearly 2% to trade around Rs 2,38,600 per 1Kg level.

On the other hand, crude oil prices climbed by nearly 7% to 9% to trade above 100 mark. US WTI crude is near $105 per barrel and Brent Crude is above $102 per barrel. The dollar climbed as well above 99 mark, recovering part of last week's losses.

The fear of global energy crisis has taken a toll among investors after failed talks between US and Iran, and the continued blockade on Strait of Hormuz.

The restrictions will apply only to vessels entering or leaving Iranian ports starting at 10 a.m. Eastern Time. Negotiations in Pakistan failed to produce an agreement, with the US accusing Tehran of refusing to curb its nuclear ambitions, while Iran reportedly sought control of the strait, war reparations, a regional ceasefire, and access to frozen overseas assets. The effective shutdown of the critical shipping route has driven energy prices sharply higher and intensified inflation risks, reinforcing expectations that central banks may delay rate cuts or even tighten policy further. This dynamic has weighed on gold, leaving it down more than 10% since the conflict began, as per Trading Economics.

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Apr 13, 2026, 11:19 am IST

Gold Rates Today Live Updates: How US CPI Impacts Gold?

The March CPI report revealed headline inflation jumping to 3.3% (the highest since May’24), driven by a massive 10.9% spike in energy costs. While high inflation often supports gold as a hedge, it has also tempered expectations for aggressive Fed rate cuts, keeping the Fed funds rate projections steady in the 3.50%–3.75% range: Axis Securities.

Apr 13, 2026, 10:17 am IST

Gold Rates & Silver Rates Today Live: Energy Crisis At Hormuz Impacts Precious Metals

US announced that, effective immediately, the US navy ships will prevent ships that are using the Strait of Hormuz while accusing Iran for extorting them. US President Donald Trump stated that US will implement a blockade of all maritime traffic from Iran ports with effect from 10 am of April 14. Vessels will be allowed from non-Iranian ports. The latest move is to stop Iran from selling any oil and gas through their ports, which would impact the Islamic regime gravely.

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Apr 13, 2026, 10:17 am IST

Gold Rates & Silver Rates Today Live: US Iran Peace Talks Fail

The talks in Islamabad between US and Iran with Pakistan being the mediator, became an utter failure. Both Iranian officials and US Vice President JD Vance have stated that their significant differences remain. Vance said, "We haven't seen that yet. We hope that we will."US needs IRAN's commitment to never develop a nuclear weapon.

Apr 13, 2026, 10:16 am IST

Commodity Market Live Updates: Crude Oil Prices Rally

US WTI Crude Oil Futures jumped by 9.3% to trade around 5 per barrel on Monday, recovering losses from last week. Meanwhile, Brent Crude jumped by 8% to trade around 3 per barrel.

Apr 13, 2026, 9:41 am IST

Silver Rates Today Live: Spot Silver Plunged By 3%

Spot silver price nosedived by 3% to hit below per ounce mark, giving up gains of last week. This comes after US announced to block Strait of Hormuz to stop Iran from selling oil and gas. This has worsened global energy crisis situation.

Apr 13, 2026, 9:39 am IST

Gold Rates Today Live: Spot Gold Erases ,700

Spot gold price nosedived by 2% to trade below ,700 per ounce. This comes after US and Iran's much-awaited talks failed. Also, the blockade at Strait of Hormuz continued, keeping global energy crisis concerns heightened.

Apr 13, 2026, 9:36 am IST

Silver Rates Today Live Updates: MCX Silver Crashes Over 2%

MCX silver price took the worst hit on April 13. At the time of writing, silver traded at Rs 2,38,245 per 1Kg, down by Rs 5,029 or 2.07%. The silver has touched an intraday low of Rs 2,37,190 per 1kg.

Apr 13, 2026, 9:35 am IST

Gold Rates Today Live: MCX Gold Falls 1%

In the early trade, MCX gold rate plunged by more than Rs 1,100 or 0.73% to struggle around Rs 1,51,500. The bullion has touched an intraday low of Rs 1,51,457 per 10 grams. At the time of writing, MCX gold traded at Rs 1,51,850 per 10 grams, down by Rs 802 or 0.53%.