Gold Silver Prices Today 13 May 2025 Gold at Rs 93011 10g Silver at Rs 96500 kg city wise gold rates in india

Gold & Silver Prices Today, 13 May 2025: Gold and silver prices remained volatile on Tuesday, reflecting shifting global risk sentiment following a major breakthrough in US-China trade relations and easing geopolitical tensions.

On the Multi Commodity Exchange (MCX), gold futures for June delivery edged up marginally by 0.01%, or Rs 9, to settle at Rs 93,011 per 10 grams. Meanwhile, silver futures for May delivery surged by 1.15%, or Rs 1,093, to close at Rs 96,500 per kilogram.

Despite the modest gains on MCX, gold continued to hover near its lowest level in over a week in international markets. Spot gold remained steady at $3,230.99 an ounce by 0309 GMT after a sharp 2.7% drop in the previous session. US gold futures were up slightly at $3,235.20.

The pullback in gold came after the United States and China reached a temporary agreement to reduce tariffs on each other, triggering a rally in global equity markets and dampening demand for safe-haven assets. Under the agreement, US tariffs on Chinese goods were reduced from 145% to 30%, while China slashed duties on American imports from 125% to 10%, effective for 90 days.

“The easing of trade tensions between the world’s two largest economies has buoyed investor sentiment and reduced safe-haven buying,” said Tim Waterer, Chief Market Analyst at KCM Trade. “However, dollar strength has helped gold recover slightly.”

Federal Reserve Governor Adriana Kugler added that the trade truce lowers the likelihood of the central bank needing to cut interest rates to counteract an economic slowdown. Market expectations are now pricing in a 55-basis-point rate cut later this year, beginning in September.

Despite the upbeat market tone, some analysts remain cautiously bullish on gold. Waterer noted that “geopolitical and economic risks haven’t vanished,” suggesting that pullbacks may still attract buyers.

Meanwhile, spot silver gained 0.6% to $32.78 an ounce, platinum rose 0.8% to $982.70, and palladium fell 0.4% to $942.19.

Back in India, Manoj Jain, Director at India Nivesh, highlighted that precious metals faced strong sell-offs globally due to the US-China trade accord, the Indo-Pak ceasefire, a rising dollar index, and firmer US bond yields. Gold June futures on MCX closed Monday at Rs 92,901 per 10 grams, down 3.75%, while silver July futures settled at Rs 95,344 per kg, down 1.43%.

Retail gold prices across major Indian cities also reflected subdued momentum. In Mumbai and Kolkata, 24-karat gold was priced at Rs 9,901 per gram and 22-karat at Rs 9,076. Delhi saw slightly higher rates with 24K gold at Rs 9,916 and 22K at Rs 9,091. Chennai and Bengaluru recorded similar pricing trends.

Outlook

Experts anticipate continued volatility for gold and silver prices this week amid fluctuations in the dollar index and ongoing geopolitical developments. Key support levels for gold are seen at $3,200–$3,180 per ounce and resistance at $3,250–$3,274. Silver may find support at $32.30–$32.00, with resistance between $32.94–$33.30.

MCX gold is expected to trade within a support zone of Rs 92,400–91,770 and resistance at Rs 93,360–94,000. Silver has support at Rs 94,400–93,650 and resistance at Rs 96,000–96,650.

Analysts suggest buying silver on dips while remaining cautious on gold in the near term.

Retail Gold Prices Across Major Indian Cities (May 13, 2025):

Retail Gold Prices Across Major Indian Cities (May 13, 2025):

Gold Price in Mumbai:
In Mumbai, the price of 24-karat gold stood at Rs 8,750 per gram, while 22-karat gold was priced at Rs 9,076 per gram.

Gold Price in Delhi:
The national capital recorded 24K gold at Rs 8,765 per gram, with 22K gold available at Rs 9,091 per gram.

Gold Price in Chennai:
Gold rates in Chennai were slightly lower, with 24K gold at Rs 8,750 per gram and 22K gold at Rs 9076 per gram.

Gold Price in Kolkata:
In Kolkata, 24-karat gold was priced at Rs 8,750 per gram, and 22-karat gold was selling at Rs 9,546 per gram.

Gold Price in Bengaluru:
Bengaluru saw 24K gold trading at Rs 8,750 per gram, while 22K gold was available at Rs 9,546 per gram.

Gold Price in Kerala:
Pune saw 24K gold trading at Rs 8,750 per gram, while 22K gold was available at Rs 9,546 per gram.