Gold prices in the national capital witnessed a significant surge on Wednesday, May 13, 2026, following the central government’s decision to hike the import duty on gold and silver to 15%.
In Delhi, the price of 24-carat gold climbed to ₹1,54,140 per 10 grams, marking a substantial increase of over ₹1,800 from the previous day’s closing of ₹1,52,270. This sharp uptick reflects the immediate impact of the new tax policy aimed at curbing imports and supporting the rupee.
For those looking at jewelry-grade gold, the 22-carat gold rate in Delhi today stands at ₹1,41,310 per 10 grams, up from yesterday’s ₹1,39,590. The 18-carat gold variant also saw a proportional rise, now trading at ₹1,15,650 per 10 grams. While global factors like Middle East uncertainty and sticky US inflation data initially put mild pressure on spot gold, the domestic market has been driven upward by the aggressive duty hike and sustained wedding season demand across North India.
Delhi Gold Rate Comparison: 24K vs 22K (Per 10 Grams)
The following table tracks the recent volatility in Delhi’s bullion market over the last few days:
| Date | 24K Gold Price | 22K Gold Price | Daily Change (24K) |
| May 13, 2026 | ₹1,54,140 | ₹1,41,310 | ↑ ₹1,870 |
| May 12, 2026 | ₹1,52,270 | ₹1,39,590 | ↓ ₹220 |
| May 11, 2026 | ₹1,52,490 | ₹1,39,790 | ↓ ₹10 |
| May 10, 2026 | ₹1,52,500 | ₹1,39,800 | ↓ ₹370 |
Market Outlook and Investment Advice
Market analysts suggest that while the duty hike has pushed physical gold prices to record highs in India, the long-term outlook remains bullish due to geopolitical tensions and a weakening dollar.
For investors in Delhi, digital gold and Gold ETFs continue to be popular alternatives to avoid the making and wastage charges associated with physical jewelry. However, buyers are advised to check for 916 Hallmarking and stay updated on daily fluctuations, as the market is expected to remain highly sensitive to further global economic cues and domestic policy shifts.