Market News
2 min read | Updated on May 13, 2025, 11:17 IST
SUMMARY
Gold prices in India traded slightly higher today after a steep drop in the previous session. 24K gold rate stood at ₹94,130 per 10 gram. Check the latest gold and silver rates in Mumbai, Delhi, Chennai, and Kolkata.
Over the weekend, the US government announcement to reduce reciprocal tariffs on China from 145% to 30% for 90 days.
Gold rate in the domestic market steadied today, trading marginally higher after witnessing a steep fall in the previous session. At 10:30 am, the 24K gold rate in the local market stood at ₹94,130 per 10 gram, up ₹910/10 gram compared to yesterday’s closing, while 22K gold was at ₹86,286 per 10 gram.
Yellow metal prices are stable today after yesterday’s fall, as investors ditched gold and moved smart money to stocks and other riskier assets amid de-escalation in the US-China trade war.
Over the weekend, the US government announcement to reduce reciprocal tariffs on China from 145% to 30% for 90 days, temporarily eased global trade tensions and recession fears in the United States. Besides this, rise in the US dollar index also led to reduced demand for gold.
In New Delhi markets, the 24K gold rate stood at ₹93,750 per 10 gram and 22K gold at ₹85,938 per 10 gram.
City | 24K Gold (per 10gm)* | 22K Gold (per 10gm) |
---|---|---|
Mumbai | ₹93,910 | ₹86,084 |
Delhi | ₹93,750 | ₹85,938 |
Chennai | ₹94,180 | ₹86,332 |
Kolkata | ₹93,780 | ₹85,965 |
*Gold rate as of 10:30 am
MCX Gold futures trades in line with the movement witnessed in international markets. As of 10:30 am, the MCX Gold June future was up 0.8% at ₹93,700 per 10 gram, with a day high of ₹93,843 and day low of ₹92,875. In the US markets, Gold futures for June delivery were trading 0.9% or $30 higher at $3,259 an ounce.
Silver prices are higher in the local market, around ₹97,000 per kg, up 1.5%. Meanwhile, MCX Silver for July delivery trades 1.6% higher at ₹96,871 per kg as of 10:30 am, while international silver prices trade around $33.1 per troy ounce, up 1.7%.
City | Silver Price (per kg)* |
---|---|
Mumbai | ₹96,860 |
Delhi | ₹96,690 |
Chennai | ₹97,140 |
Kolkata | ₹96,730 |
*Silver rate as of 10:30 am
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