Gold Rate Today: 24K Gold Falls ₹763 to ₹1,47,662 per 10g on 13 October 2026

Gold prices are per 10 grams. Silver prices are per kilogram. All comparisons use the respective AM benchmarks and exclude GST and making charges.

How Much Did Gold Fall Today? 

Gold of 999 purity declined by ₹763 per 10 grams between the two morning benchmarks. 

The percentage change was approximately 0.51%, calculated using the 12 October AM rate of ₹1,48,425 as the comparison base. 

For 916-purity gold, the benchmark decreased by ₹699 per 10 grams, equivalent to approximately 0.51%. 

Silver recorded a ₹1,502 per kilogram decline, representing approximately 0.68%. 

These comparisons describe movements in wholesale bullion benchmarks. Retail jewellery prices may differ because of purity, taxes, fabrication costs and seller-specific charges. 

What Is Driving Gold Prices? 

Domestic bullion benchmarks are influenced by several interacting factors, including international gold prices, the US dollar, global interest-rate conditions and the rupee's exchange rate. 

Gold is internationally quoted in US dollars. As a result, changes in USD/INR can alter the rupee-denominated cost of imported bullion even when the international gold price is relatively unchanged. 

US Treasury yields and monetary-policy expectations also influence the opportunity cost of holding a non-interest-bearing asset such as gold. 

Geopolitical uncertainty can affect investment demand for bullion, although the decline in India's 13 October AM benchmark cannot be attributed to any single catalyst without verified supporting evidence. 

What Do Lower Gold Prices Mean for Indian Markets? 

Jewellery Companies 

Gold is a major raw-material input for jewellery manufacturers and retailers. 

A lower benchmark can reduce the cost of replenishing equivalent quantities of inventory. However, the impact on individual businesses depends on procurement arrangements, existing inventory, hedging positions and pricing policies. 

Consumer Demand 

The AM benchmark for 999-purity gold was ₹763 lower per 10 grams than the previous trading day's comparable rate. 

For a fixed quantity of bullion, this represents a lower underlying metal cost before applicable taxes and other charges. 

Gold Imports 

India imports substantial quantities of gold, making international bullion prices and foreign-exchange rates relevant to its import bill. 

A reduction in the dollar price of imported gold can reduce the import value for an unchanged quantity, assuming other variables remain constant. 

Gold-Loan Businesses 

Gold-backed lenders assess collateral according to eligible gold content, valuation policies and applicable loan-to-value requirements. 

Changes in benchmark gold prices can alter assessed collateral values, although the effect on existing loans also depends on outstanding balances and regulatory conditions. 

Broader Financial Markets 

Gold is a financial asset as well as a commodity used in jewellery. 

Changes in bullion prices can affect commodity-linked investment valuations, physical gold holdings, import costs and hedging requirements. 

These mechanisms do not establish a directional outlook for equities or other assets.