Gold rates surged today (Wednesday, May 13, 2026) across leading jewellery brands after the central government increased customs duty on gold from 6% to 15% to discourage surging gold imports. Prices of gold futures on the Multi Commodity Exchange of India (MCX) and gold exchange traded funds (ETFs) also rose today.
Gold price outlookPrithviraj Kothari, managing director, RiddiSiddhi Bullions Ltd., president, India Bullion and Jewellers Association Ltd. (IBJA), said the higher import duties are expected to push domestic bullion prices further, weigh on jewellery stocks, and soften consumer demand — particularly as gold prices are already elevated.
“Demand for gold coins and ETFs could also moderate over time if prices continue rising sharply. WGC estimates suggest that every 1% rise in import duty reduces consumer gold demand by approximately 6.4 tonnes — implying a cumulative 9-percentage-point hike could suppress demand by 57 tonnes annually. Higher import duties could also revive gold smuggling, which had eased substantially after the 2024 duty reduction.
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Gold prices today (May 13, 2026)
Check the latest gold prices at leading jewellery brands such as Tanishq, Malabar Gold & Diamonds, Kalyan Jewellers and Joyalukkas today. Also see the latest retail jewellery prices of gold and silver at IBJA.
22k gold price at Tanishq today
Tanishq's current price for 22k gold jewellery is Rs 15,435 per gram as of May 13, 2026, in New Delhi, Mumbai, Chennai, Kolkata and Bengaluru. The price of the same variety of gold on May 12, 2026 was Rs 14,160, an uptick of Rs 1,275 or 9%.
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22k gold rate at Joyalukkas today
The current price for 22k gold jewellery at Joyalukkas is Rs 15,390 per gram as of May 13, 2026, in New Delhi, Mumbai, Chennai, Kolkata and Bengaluru. The price of the same variety of gold on May 12, 2026, was Rs 14,115, an increase of Rs 1,275, or 9.03%.
22k gold rate at Kalyan Jewellers todayThe latest price for 22k gold jewellery at Kalyan Jewellers is Rs 15,390 per gram as of May 13, 2026, in New Delhi, Mumbai, Chennai, Kolkata and Bengaluru. The price of the same variety of gold on May 12, 2026, was Rs 14,115, an increase of Rs 1,275, or 9.03%.
22k gold price at Malabar Gold & Diamonds
Malabar Gold & Diamonds' latest price for 22k gold jewellery is Rs 14,890 per gram as of May 13, 2026, in New Delhi, Mumbai, Chennai, Kolkata and Bengaluru. The price of the same variety of gold on May 12, 2026, was Rs 14,115, an increase of Rs 775, or 5.50%.
IBJA’s Indicative Retail Selling Rates for Gold Jewellery May 13, 2026 (AM)
- Fine Gold (999) – Rs 16,041
- 22 KT – Rs 15,656
- 20 KT – Rs 14,277
- 18 KT – Rs 12,993
- 14 KT – Rs 10,347
- Silver (999) – Rs 2,86,850
IBJA’s indicative retail selling rates for gold and jewellery May 12, 2026 (PM)
Fine Gold (999) – Rs 15,163
22 KT – Rs 14,799
20 KT – Rs 13,495
18 KT – Rs 12,282
14 KT – Rs 9,780
Silver (999) – Rs 2,64,867
Comparison of IBJA gold and silver rates
| Metal | May 13, 2026 (AM) | May 12, 2026 (PM) | Change |
| Fine Gold (999) | Rs 16,041 | Rs 15,163 | +Rs 878 |
| 22 KT | Rs 15,656 | Rs 14,799 | +Rs 857 |
| 20 KT | Rs 14,277 | Rs 13,495 | +Rs 782 |
| 18 KT | Rs 12,993 | Rs 12,282 | +Rs 711 |
| 14 KT | Rs 10,347 | Rs 9,780 | +Rs 567 |
| Silver (999) | Rs 2,86,850 | Rs 2,64,867 | +Rs 21,983 |
