Gold prices in Pune surged on May 13, 2026, as the government’s late May 12 decision to hike gold and silver import duty from 6% to 15% delivered an immediate and substantial price shock to India’s physical gold markets.
24 carat gold in Pune stands at ₹16,789 per gram, up ₹1,391 from yesterday’s ₹15,398. 22 carat gold is at ₹15,390 per gram, up ₹1,275 from ₹14,115. 18 carat gold stands at ₹12,592 per gram, up ₹1,043 from ₹11,549.
For Pune consumers, 10 grams of 24 carat gold now costs ₹1,67,890 against ₹1,53,980 yesterday — an overnight increase of ₹13,910. 8 grams of 24 carat gold — a common jewellery purchase denomination — costs ₹1,34,312 against ₹1,23,184 yesterday, up ₹11,128 in a single day.
The duty hike — comprising a 10% basic customs duty and 5% Agriculture Infrastructure and Development Cess — follows PM Modi’s May 10 voluntary appeal and represents the government’s hardest policy action yet to curb precious metals import demand. For Pune’s jewellery market — which includes PNG Jewellers, a homegrown chain with over a century of history in the city — the combination of the PM’s appeal, two days of jewellery stock sell-offs, and now a sharp overnight price increase creates the most challenging trading environment in recent memory.
Pune’s rates match Mumbai, Kolkata, Bengaluru, Hyderabad, and Kerala on all three caratages.
Rates are indicative and exclude GST, TCS, and other levies. Contact your local jeweller for exact rates.