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Today Gold Rate, May 13: Gold prices ticked higher on Wednesday (May 13), with investors keeping a close eye on US President Donald Trump’s visit to China, while slight strength in the US dollar limited further upside for the yellow metal.
As of 5:40 am, spot gold was up 0.2 per cent, or USD 7, to trade at USD 4,721.76. Prices snapped a two-session winning streak in the previous session. However, domestic prices were not trading at the time of writing this report, while gold futures on the Multi-Commodity Exchange settled nearly flat at Rs 1,53,417.
Trump’s China Visit in Focus
Investors across the globe are looking at Donald Trump’s state visit to China from May 12-15, 2026. Any updates could have an impact on the yellow metal’s trajectory.
Dollar Strength Limits Upside
The US dollar was trading slightly higher at around USD 98.34. A stronger dollar makes gold less appealing to foreign buyers.
India Raises Gold and Silver Import Duty
The Government of India has increased the import duty on gold and silver from 5 per cent to 10 per cent, a move expected to make imports of precious metals significantly more expensive. The revised duty structure will come into effect from May 13, 2026, according to a gazette notification issued by the Ministry of Finance.
West Conflict's Impact on Rate Cut
On the geopolitical front, US President Donald Trump asserted that the U.S. will prevail in its conflict with Iran through either “peaceful” means or force, noting that resolving the conflict does not require Chinese assistance.
However, rising conflicts in West Asia have pushed oil prices higher, which is impacting rate-cut expectations, factors that are, in turn, supportive for the yellow metal.
Further weighing on the rate cut expectations, data showed that US consumer prices increased for a second consecutive month in April, leading to the highest annual inflation rate in nearly three years and reinforcing expectations that the Federal Reserve will keep interest rates steady for some time.
22K Gold Rates at Major Jewellers (Per Gram)
| Jewellery Brand | Price (Rs per gram) |
| Tanishq | 14160 |
| Malabar Gold & Diamonds | 14115 |
| Kalyan Jewellers | 14115 |
City-wise 24K, 22K and 18K Gold rate (Per 10 Grams)
| City Name | 24k gold price India (10 grams) | 24k gold price India (10 grams) | 18k gold price India (10 grams) |
| Gold Price in Chennai | 156330 | 143300 | 119500 |
| Gold Price in Noida | 154130 | 141300 | 115640 |
| Gold Price in Delhi | 154130 | 141300 | 115640 |
| Gold Price in Mumbai | 153980 | 141150 | 115490 |
| Gold Price in Kerala | 153980 | 141150 | 115490 |
| Gold Price in Kolkata | 153980 | 141150 | 115490 |
| Gold Price in Hyderabad | 153980 | 141150 | 115490 |
| Gold Price in Patna | 154030 | 141200 | 115540 |
| Gold Price in Lucknow | 154130 | 141300 | 115640 |
Gold prices across India vary slightly by city, with 24K gold (10g) ranging from Rs 1,53,980 to Rs 1,56,330. Chennai records the highest rates, while Mumbai, Kerala, Kolkata, and Hyderabad show lower levels.
The India Bullion and Jewellers Association (IBJA) sets the daily “base price” of gold in India, which serves as the national benchmark for bullion rates. In simple terms, IBJA rates act as the reference price across the country. Below is a breakdown of gold prices based on different purity levels (carats) as defined by IBJA.
| Purity by carat | Morning Rates | Evening Rates |
| 24 carat gold | Rs 1,51,954 per 10 grams | Rs 1,51,632 per 10 grams |
| 23 carat gold | Rs 1,51,632 per 10 grams | Rs 1,51,025 per 10 grams |
| 22 carat gold | Rs 1,39,190 per 10 grams | Rs 1,38,895 per 10 grams |
| 18 carat gold | Rs 1,13,966 per 10 grams | Rs 1,13,724 per 10 grams |
| 14 carat gold | Rs 88,893 per 10 grams | Rs 88,705 per 10 grams |
IBJA Prices updated here are as of May 12
(Disclaimer: The above article is meant for informational purposes only, and should not be considered as any investment advice. ET NOW DIGITAL suggests its readers/audience to consult their financial advisors before making any money-related decisions.)
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