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Yellow Metal Hits Record High, Silver Falls (Img: X)
New Delhi: Gold prices witnessed a sharp rally across India on August 13, reaching new record levels amid strong global cues and rising domestic demand. While the yellow metal continued its upward movement, silver prices moved in the opposite direction and declined.
Market experts said falling US bond yields, stable dollar movement and global uncertainty have provided strong support to gold prices. In the international market, spot gold climbed to $4,412.63 per ounce.
Gold rates continued to climb in major cities, with both 24-carat and 22-carat gold witnessing gains.
In Delhi, the price of 24-carat gold reached ₹1,55,020 per 10 grams, while 22-carat gold was priced at ₹1,42,110 per 10 grams.
In Mumbai and Kolkata, 24-carat gold was trading at ₹1,54,870 per 10 grams, while 22-carat gold stood at ₹1,41,960 per 10 grams.
Chennai recorded 24-carat gold prices at ₹1,54,920 per 10 grams, while 22-carat gold was available at ₹1,42,010 per 10 grams.
| City | 22 Carat Gold (₹/10 grams) | 24 Carat Gold (₹/10 grams) |
|---|---|---|
| Delhi | 1,42,110 | 1,55,020 |
| Mumbai | 1,41,960 | 1,54,870 |
| Ahmedabad | 1,42,010 | 1,54,920 |
| Chennai | 1,42,010 | 1,54,920 |
| Kolkata | 1,41,960 | 1,54,870 |
| Hyderabad | 1,41,960 | 1,54,870 |
| Jaipur | 1,42,110 | 1,55,020 |
| Bhopal | 1,42,010 | 1,54,920 |
| Lucknow | 1,42,110 | 1,55,020 |
| Chandigarh | 1,42,110 | 1,55,020 |
According to Motilal Oswal Financial Services' H1 2026 Precious Metals Report, the relationship between gold prices and geopolitical tensions is changing.
The report highlighted that inflation trends, interest rates and monetary policies are now playing a bigger role in determining the direction of precious metal markets.
Experts believe that geopolitical uncertainty alone is no longer enough to drive gold prices higher. Investors are now closely tracking how global developments impact inflation and interest rate decisions.
While gold continued its strong run, silver prices witnessed a decline. On August 13 morning, silver prices fell to ₹2,54,900 per kilogram in the domestic market.
In the international market, spot silver declined to $66.23 per ounce. The contrasting movement between gold and silver highlights changing investor preferences amid shifting global economic conditions.
