Gold and Silver Glitter: Prices Surge as Gold Nears ₹93,000/10g, Silver at ₹96,500/kg on May 13

Image Source: Bhaskar English

Indian bullion markets sparkled on May 13, 2025, as gold and silver prices continued their strong run, driven by robust global cues and persistent local demand. Gold traded at ₹93,011 per 10 grams (24K), while silver stood tall at ₹96,500 per kilogram, marking a notable uptick that has caught the attention of investors and jewellers nationwide.

Key Highlights:

Gold Prices: 24-carat gold was quoted at ₹93,011 per 10 grams, reflecting a steady climb amid global market volatility and a weaker rupee. 22-carat gold hovered around ₹85,258 per 10 grams, making wedding and festive season purchases costlier for buyers.
Silver Shines: Silver prices reached ₹96,500 per kilogram, maintaining their upward momentum as industrial demand and safe-haven buying continued to support the white metal.
Market Drivers: The rally in gold and silver is attributed to international uncertainties, including geopolitical tensions and expectations of central bank policy shifts. The Indian rupee’s softness against the US dollar has further fuelled the price surge.
City-wise Trends: Major metros like Mumbai, Delhi, and Chennai reported similar price levels, with Chennai quoting gold at ₹95,951 per 10 grams and silver at ₹108,900 per kg, reflecting regional demand variations
Investor Sentiment: With gold and silver outperforming equities in recent weeks, experts suggest that bullion could remain a preferred hedge as global economic uncertainties linger.