On April 13, 2026, gold prices experienced a decline as tensions escalated in the US-Iran war following failed ceasefire talks in Islamabad. The MCX gold rate opened at ₹1,51,547 per 10 grams and quickly fell to an intraday low of ₹1,51,457. Similarly, COMEX gold traded around $4,740 per ounce, reflecting a 1% decrease from the previous close. Analysts attribute the downward pressure on gold to rising crude oil prices, which are influenced by the conflict and the US government's blockade of the Strait of Hormuz. Market experts note that gold has dropped nearly 11% since the conflict began in February, although some recovery has been observed as concerns over slowing economic growth balance inflation risks. Key support levels for gold are identified at ₹1,48,000 to ₹1,46,000, with potential declines toward ₹1,40,000 to ₹1,36,000 if these levels are breached.