Gold Prices Slip on April 13: Delhi Rate Drops to ₹1.52 Lakh per 10g, Silver Also Declines
Gold prices in India witnessed a dip at the start of the week, reflecting global market trends and macroeconomic pressures. On April 13, the price of 24-carat gold in the national capital fell to ₹1,52,980 per 10 grams, while silver prices also recorded a decline.
According to market data, the fall in prices comes amid a stronger US dollar, rising bond yields, and ongoing geopolitical tensions impacting global commodity markets.
Gold Prices Fall Across Major Cities
The decline in gold rates was visible across key Indian cities:
- Delhi: ₹1,52,980 (24K), ₹1,40,240 (22K) per 10 grams
- Mumbai & Kolkata: ₹1,52,830 (24K), ₹1,40,090 (22K)
- Ahmedabad: ₹1,52,880 (24K), ₹1,40,140 (22K)
- Chennai: ₹1,53,810 (24K), ₹1,40,990 (22K)
- Hyderabad & Bengaluru: ₹1,52,830 (24K), ₹1,40,090 (22K)
- Jaipur, Lucknow, Chandigarh: ₹1,52,980 (24K), ₹1,40,240 (22K)
Despite the current dip, gold prices have still shown an upward trend over the past week.
- 24-carat gold has risen by around ₹1,910 per 10 grams in the last seven days
- 22-carat gold has increased by approximately ₹1,750 per 10 grams
What’s Driving the Price Movement?
Several global factors are influencing gold prices:
- Strong US Dollar: A rising dollar typically makes gold more expensive for international buyers, reducing demand
- Higher Bond Yields: Investors shift toward interest-bearing assets, weakening gold’s appeal
- Geopolitical Tensions: Ongoing instability in West Asia has pushed crude oil prices above $100 per barrel, raising inflation concerns
In the international market, spot gold was trading near $4,777 per ounce, while COMEX gold futures dropped about 1.1% to $4,734.60 per ounce.
Silver Prices Also Decline
Alongside gold, silver prices have also slipped:
- India silver price: ₹2,59,900 per kg
- Weekly trend: Up by nearly ₹10,000 per kg
- Global silver futures: Down 2.63% to $74.47 per ounce
Although prices have corrected today, silver had recently surged significantly, even crossing the ₹4 lakh per kg mark earlier this year.
Why Domestic Prices Fluctuate
Gold and silver prices in India are influenced by a mix of:
- Global commodity trends
- Currency exchange rates (rupee vs dollar)
- Import duties and local taxes
- Demand during wedding and festive seasons
This combination often leads to daily fluctuations in bullion rates.
Should You Buy Now?
Experts suggest that while short-term volatility is expected, gold continues to be a strong long-term investment, especially as a hedge against inflation and economic uncertainty.
However, investors should:
- Track global cues before buying
- Avoid panic buying during price spikes
- Consider staggered investments for better averaging
Final Takeaway
The recent dip in gold and silver prices offers a breather after last week’s surge. While global factors continue to drive volatility, precious metals remain a key part of diversified investment portfolios.
For buyers, keeping an eye on both international trends and domestic price movements is essential before making any investment decision.
