Amid the growing crisis in West Asia and surge in gold prices in global markets, domestic gold prices have witnessed a decline. On the morning of March 13, the price of 24-carat gold fell to ₹162,360 per 10 grams in the national capital Delhi. In Mumbai, the price settled at ₹162,210 per 10 grams. Just a day earlier, in Delhi’s bullion market, gold prices had fallen by ₹400 to ₹165,200 per 10 grams. Experts attribute this trend to the strengthening of the US dollar and concerns about inflation. In the international market, spot gold is currently trading at $5,178.45 per ounce.
Gold rates in major cities of India
Gold Prices in Delhi: In Delhi, the price of 24-carat gold is ₹162,360 per 10 grams, while the rate of 22-carat gold is ₹148,840 per 10 grams.
Mumbai, Chennai and Kolkata: Currently, the price of 22-carat gold in Mumbai, Chennai and Kolkata is ₹148,690 per 10 grams, while the price of 24-carat gold is ₹162,210 per 10 grams.
Prices in Pune and Bengaluru: In both these cities, the price of 24-carat gold is ₹162,210 per 10 grams, and the price of 22-carat gold is ₹148,690 per 10 grams.
City 22 Karat Gold Rate Today (₹) 24 Karat Gold Rate Today (₹) Delhi 148840 162360 Mumbai 148690 162210 Ahmedabad 149760 163370 Chennai 148690 162210 Kolkata 148690 162210 Hyderabad 148690 162210 Jaipur 148840 162360 Bhopal 149760 163370 Lucknow 148840 162360 Chandigarh 148840 162360
The ongoing conflict between America, Israel and Iran has been going on for the last 12 days. On February 28, 2026, Israel and the US launched airstrikes against Iran, effectively declaring open war. Within hours, Iran retaliated by launching missile and drone attacks on Israel. Iran has also carried out attacks against several other countries in the Middle East. This war has created a stir in markets around the world. The global energy market has been in severe turmoil, and crude oil prices have been rising steadily. Qatar has stopped its natural gas production. Bahrain has stated that, in accordance with its oil operations contracts, it is currently unable to meet supply commitments.
The Strait of Hormuz—one of the world’s most important sea routes for trade—is currently closed. About 20% of the global oil and gas supply passes through this route. Iran’s Islamic Revolutionary Guard Corps claims control of the sea route within the Strait of Hormuz. As a result, consignments using alternative routes are facing delays in reaching their destinations.
silver prices
The prices of silver—another precious metal—also saw a decline on the morning of March 13. Its price has fallen to ₹279,900 per kg. Exactly a day earlier, in Delhi’s bullion market, silver price had risen by ₹1,500—or 0.54 per cent—to ₹276,500 per kg. In the international market, the spot price of silver is $86.99 per ounce. Earlier this year, in January, the price of silver had crossed the ₹400,000 mark.