Gold Price Today, October 13: 18K, 22K & 24K Rates in Chennai, Mumbai, Delhi, Kolkata and Other Cities

Gold prices in India have shown significant volatility in recent weeks, reaching historic highs at the beginning of October. This surge was primarily driven by concerns over a potential U.S. government shutdown, which prompted investors to seek safe-haven assets such as gold. In addition, the festive season in India, marked by heightened consumer activity and cultural preferences for purchasing gold, further contributed to the rising demand. These combined factors created a strong upward pressure on gold prices across various purity levels in the domestic market.

As of October 13, Monday, gold prices continue their upward trajectory across all major categories. The sustained increase reflects a combination of growing consumer demand and ongoing market fluctuations, which directly influence the valuation of gold. Analysts note that gold remains a preferred hedge against inflation, providing financial security during periods of economic uncertainty. The yellow metal’s enduring appeal stems from its dual role as both an investment instrument and a key element of traditional Indian jewelry.

Among the different purity levels, 24-carat gold commands the highest price, being the purest form and primarily used for investment purposes. In contrast, 22-carat and 18-carat gold are mostly utilized for jewelry-making, balancing purity with durability. The domestic market has witnessed steady price increases across all three types, reflecting both investor interest and consumer demand during festival seasons, weddings, and other auspicious occasions.

Specifically, as of October 13, 24-carat gold is priced at ₹12,540 per gram, marking an increase of ₹32 compared to previous rates. Similarly, 22-carat gold stands at ₹11,495 per gram, up by ₹30, while 18-carat gold is priced at ₹9,405 per gram, showing a rise of ₹24. These price movements highlight the ongoing strength of domestic demand and the market’s responsiveness to international and local economic indicators.

Across major Indian cities, the gold rate shows minor variations due to local market conditions, taxes, and logistical factors. For instance, in Chennai and Trichy, 24K gold is priced at ₹12,573 per gram, slightly higher than in Mumbai, Kolkata, Bangalore, and Hyderabad, where it is ₹12,540 per gram. Delhi, Jaipur, Lucknow, Chandigarh, Gurgaon, and Ghaziabad report rates of ₹12,555 per gram for 24K gold, while cities like Vadodara, Ahmedabad, Patna, Surat, and Bhubaneswar have prices ranging between ₹12,540 and ₹12,545.

Similarly, 22-carat gold ranges from ₹11,495 to ₹11,525 per gram, and 18-carat gold ranges from ₹9,405 to ₹9,525 per gram across these cities. These variations, though relatively minor, reflect regional differences in demand, supply, and handling charges applied by local jewelers.

The overall trend suggests that gold continues to be a highly sought-after asset in India, driven by both cultural affinity and financial strategy. Analysts predict that prices may remain elevated in the near term due to ongoing economic uncertainties and seasonal demand patterns. Investors and buyers are advised to monitor both international market trends and domestic demand indicators to make informed decisions about purchases, investments, and sales of gold.

In conclusion, October 13 sees gold in India maintaining its upward momentum, with 24K, 22K, and 18K gold all reflecting price increases. This trend underscores gold’s enduring role as both a safe investment and a culturally significant commodity in India, offering protection against inflation while catering to traditional consumption needs.