Stock markets pare early gains; trade lower Benchmark equity indices in India slipped into negative territory on Wednesday (May 13, 2026) after briefly rising during early trade. The decline came amid elevated crude oil prices and ongoing geopolitical tensions, which weighed on investor sentiment. Foreign Institutional Investors (FIIs) also sold equities, exacerbating the downward trend. The 30-share BSE Sensex opened higher, gaining 75.64 points to 74,614.51, while the 50-share NSE Nifty rose by 17.10 points to 23,391.10. However, both indices failed to sustain the momentum, closing lower by the end of the trading session. The Sensex fell 182.60 points to 74,362.19, and the Nifty dropped 41.05 points to 23,352.25. Among the 30-Sensex firms, Power Grid, NTPC, Bajaj Finance, State Bank of India, Titan, and Axis Bank were the biggest laggards, while Asian Paints, Adani Ports, Tata Steel, and Kotak Mahindra Bank performed well. Crude oil prices remained a key factor, with Brent crude trading at around $106.6 per barrel. Analysts noted that rising oil prices and geopolitical uncertainty could further intensify global inflationary pressures. Hariprasad K., a research analyst, observed that the S&P 500 also declined due to weakness in technology stocks and higher oil prices, following a stronger-than-expected U.S. inflation report for April. India’s retail inflation rose slightly to 3.48% in April, driven by increased prices for gold and silver jewelry, as well as some kitchen items, according to government data released on May 12, 2026. The government also raised tariffs on gold and silver to 15% to curb imports and support the rupee, which recovered 16 paise from its all-time low to 95.52 against the U.S. dollar in early trade. Geopolitical tensions continued to affect markets, with Iran’s recent remarks suggesting that the U.S.#iran #enrich_money #bse_sensex #nse_nifty #fiis
Gold Rate in India Rebounds; 24K Holds Above Rs 1.50 Lakh/10gm; Check Gold Weekly Prediction, 13-18 April 2026 Gold prices in India showed a recovery over the weekend, marking two consecutive sessions of gains after a sharp decline earlier in the week. The rebound followed a steep drop of nearly Rs 23,400 per 100 grams of 24K gold, driven by improved global sentiment and renewed buying interest amid ongoing US-Iran diplomatic discussions. The upward trend reflected a return of investor confidence after a volatile start to the week. In the latest trading session, 24K gold prices rose to Rs 15,284 per gram, up Rs 49 from the previous session. Similarly, 22K gold climbed to Rs 14,010 per gram, gaining Rs 45. The recovery indicated a steady resurgence in demand, with prices showing strength across all quantities. At the retail level, 24K gold prices increased for all denominations. For instance, 1 gram of 24K gold was priced at Rs 15,284, compared to Rs 15,235 the prior day. For 8 grams, the price rose to Rs 1,22,272, up Rs 392, while 10 grams of 24K gold reached Rs 1,52,840, reflecting a gain of Rs 490. On a bulk scale, 100 grams of 24K gold hit Rs 15,28,400, up Rs 4,900. In the 22K segment, prices also rose in line with broader market trends. The rate per gram increased to Rs 14,010 from Rs 13,965. For 8 grams, the price climbed to Rs 1,12,080, up Rs 360, while 10 grams were priced at Rs 1,40,100, gaining Rs 450. On a larger scale, 100 grams of 22K gold reached Rs 14,01,000, reflecting an increase of Rs 4,500. Meanwhile, 18K gold prices saw a moderate rise. The rate for 1 gram stood at Rs 11,463, up Rs 37 from the previous session. For 8 grams, the price increased to Rs 91,704, marking a gain of Rs 296, while 10 grams were priced at Rs 1,14,630, up Rs 370. For 100 grams, the rate reached Rs 11,46,300, reflecting a rise of Rs 3,700.#gold #india #enrich_money #ponmudi_r #mcx
Gold approaches Rs 1.70 lakh, silver nears Rs 3 lakh amid safe-haven buying driven by geopolitical tensions in the Middle East Precious metals, including gold and silver, have shown strong upward momentum this week, fueled by escalating geopolitical tensions in the Middle East and heightened volatility in the commodities market. Despite brief intraday pullbacks and profit-taking, the overall trend for gold and silver remains bullish. Gold futures for April 2 on the Multi Commodity Exchange (MCX) broke through the Rs 1,65,000 resistance level, trading near Rs 1,69,880. However, the price closed slightly lower on Friday at Rs 1,61,675, slightly below the previous day’s close. Silver futures for May 5 on MCX also surged, surpassing the Rs 2,85,000 mark and trading close to Rs 3,00,000 amid elevated volatility. Ponmudi R, CEO of Enrich Money, noted that gold and silver approached record highs before experiencing mild corrections, while crude oil prices spiked due to concerns over supply disruptions. He emphasized that traders are actively participating near key breakout levels, though the high volatility underscores the importance of disciplined risk management. Technical indicators suggest sustained strength in the gold market, with the metal likely to test Rs 1,70,000 if support holds. A drop below Rs 1,57,000 could trigger further corrective pressure toward Rs 1,50,000. For silver, the Rs 2,55,000–Rs 2,65,000 range is now a strong demand zone, with potential for the price to extend toward Rs 3,00,000–Rs 3,05,000. However, a decline below Rs 2,60,000 might lead to short-term consolidation. Ponmudi advised traders to remain cautious around recently tested support levels, as macroeconomic and geopolitical risks continue to influence market sentiment.#middle_east #multi_commodity_exchange #ponmudi_r #enrich_money #comex
