Gold rate today: Yellow metal's prices fall; check the latest rates in your city on August 13

Gold rate today: Check the latest prices in your city on August 13

Gold prices extended significant decline on August 13. Gold's October contracts on the Multi Commodity Exchange of India (MCX) opened at Rs 1,00,263 per 10 grams today.

Let's check the latest prices of 10 grams of 22 carat and 24 carat gold in major cities of the country on August 13:

"Gold price is hovering around Rs. 1 lakh on domestic front, supported by a weaker dollar amidst weak US inflation data which increased bets for an interest rate cut in Sept’25, however a trade truce between US and China kept gains in check. US CPI headline as well as Monthly number were reported 0.1% lower than expectations, in-line with previous month. Core CPI data was reported 0.2% higher than the previous month signalling a possible tariff impact on prices expect food and energy variable. CME fed watch tool report shows that market participants are pricing in an 85% probability for a rate cut in September meeting," said Manav Modi, Analyst – Precious Metal Research, Motilal Oswal Financial Services.

Also read: Trump says Gold imports 'will not be tariffed' amid market turmoil

"Meanwhile, Kansas City Fed President Schmid said the U.S. central bank should not take tariffs' muted effect on inflation so far as an opportunity to cut interest rates, but rather as a sign that monetary policy is "appropriately calibrated." US and China agreed for an extension in the trade truce for another 90 days. President Trump also opened doors of Nvidia to China with a 15% fee on sale to China. However, Chinese leader has asked its companies to not take chips from Nvidia. Focus now shifts to US PPI, Retail sales and IIP data," he added.

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