Gold and silver prices came under pressure on April 13, 2026, as global factors weighed on the bullion market. On the MCX, gold hovered near ₹1.51–₹1.52 lakh per 10 grams, while silver declined sharply to around ₹2.37–₹2.38 lakh per kilogram, reflecting a weak trend through the session.
Gold slipped by more than ₹1,100 per 10 grams in early trade, briefly moving below the ₹1.52 lakh level. Although prices showed some stability later, the overall sentiment remained subdued. Silver saw a steeper fall, dropping by nearly ₹5,000 to ₹6,000 per kg, making it one of the worst-performing commodities of the day.
The decline comes at a time when geopolitical tensions remain elevated, particularly in the Middle East. Typically, such uncertainty supports gold and silver as safe-haven assets. However, this time, other global factors seem to have taken priority.
One of the key reasons behind the fall is the strengthening of the US dollar. A stronger dollar makes gold more expensive for international buyers, which reduces demand and puts pressure on prices. At the same time, crude oil prices have surged past $100 per barrel, raising concerns about inflation.
Higher inflation expectations have, in turn, reduced hopes of early interest rate cuts by the US Federal Reserve. This is important because gold and silver do not offer interest, making them less attractive compared to assets that provide returns when interest rates stay high.
In international markets as well, both metals traded lower, with gold nearing recent lows and silver extending its losses. The trend was reflected in domestic markets, where prices stayed under pressure throughout the day.
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