Gold Rates & Silver Rates Today, 13-07-2026 LIVE: Bloodbath In Precious Metals After US-Iran Strikes, MCX Gold & Silver Price Continues To Crash As COMEX Gold Falls 2%; Know 24K, 22K, 18K Gold Prices

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Gold rates and silver rates in India are in a bloodbath on Monday, July 13, 2026, tracking the sharp selloffs in global bullion market after US and Iran exchanged new rounds of missile strikes. This has driven oil prices higher by 4-5% today, as inflationary pressure fear once again heightens. The US dollar also climbed strongly, which added further bearish pressure on gold and silver.

MCX gold price dropped by nearly Rs 1,400 to trade around Rs 1.42 lakh per 10 grams. The bullion has touched an intraday low of Rs 1,41,557 per 10 grams. While MCX silver which is scheduled to expire on September 4, crashed by nearly Rs 4,000 to trade around Rs 2,18,668 per 1Kg. Nearly 2% decline is seen currently. However, silver has touched an intraday low of Rs 2,17,277 per 1Kg.

That said, on the global front, spot gold price crashed by nearly 2% to trade below $4,060 per ounce, while spot silver price took the worst hit by crashing nearly 3% to trade around $58 per ounce.

Brent Crude is up by 4.25% to trade near $75 per barrel, while US WTI Crude oil price surged by over 4% to trade near $80 per barrel. Elevated crude oil prices is not a good sign for inflation which could soar above central banks target limit, pushing them to hike key interest rates, which makes dollar and treasury yields attractive but dampens appetite for non-yielding assets like gold and silver.

US dollar has strengthened to trade around 101.20 against a basket of currencies.

The US carried out its fourth strike in a week against Iran on Sunday in retaliation for an Iranian attack on a Cyprus-flagged container ship. Tehran declared that the Strait of Hormuz would be closed “until further notice,” though the claim was dismissed by the US Central Command. Investors are also awaiting key US inflation data due this week for further clues on the Federal Reserve’s policy outlook. Markets currently expect the Fed to deliver one more interest-rate hike before the end of the year. Meanwhile, Fed Chair Kevin Warsh is scheduled to make his first appearance before the US Congress on Tuesday, as per Trading Economics.

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