Stories
Gold Prices Drop Slightly During Navratri Offering Relief to Buyers
- •Gold and silver prices saw a slight decline in major cities across India on Tuesday, October 13.
- •The price of 24-karat gold dropped by ₹390 per 10 grams, bringing it down to ₹1,49,290.
- •The price of 22-karat gold decreased by ₹350 per 10 grams to stand at ₹1,36,850.
- •Experts suggest that prices may rise again soon with the upcoming festival and wedding season.
- •Gold continues to hold immense cultural, emotional, and financial value for Indian families.
Key Questions Answered
On Tuesday, October 13, 2026, 24-karat gold dropped by ₹39 per gram to reach ₹14,929, while 22-karat gold fell by ₹35 per gram to ₹13,685. Meanwhile, 1 gram of silver is priced at ₹235, and 1 kg of silver is being sold at ₹2.30 lakh in the Indian market.
On the MCX, the December 4 gold futures contract for 24-karat gold traded at ₹1,49,500 per 10 grams, marking a drop of ₹49 from the previous close. The December 4 silver futures contract saw a decline of ₹429, trading at ₹2,23,448 per kilogram.
In India, gold represents culture, tradition, social status, and emotional value, serving as a trusted savings and investment tool for middle-class families. It acts as a reliable "friend in need" during financial crises, medical emergencies, or weddings, where it can be easily sold for instant cash.
