Gold prices see slight increase, silver hits ₹3 lakh: Check latest prices for 24K, 22K, 18K in Delhi, Mumbai, Chennai, Kolkata
On May 14, 2026, retail gold prices in India are hovering near ₹16,233 per gram for 24K purity and about ₹14,880 per gram for 22K gold, while silver is trading at roughly ₹3,00,000 per kilogram. Here’s a look at the latest city-wise bullion rates across the country.
- May 14, 2026,
- Updated May 14, 2026 9:46 AM IST
Gold and silver prices in India on May 14, 2026, saw a surge due to a sharp hike in import duty to 15% and geopolitical tensions in West Asia and mixed signals from the US dollar. Precious metals, which are traditionally considered safe-haven assets, have not shown sharp upside, indicating cautious investor sentiment and stable domestic demand.
As per the latest retail market rates, 24-carat gold is trading around ₹16,233 per gram, while 22-carat gold is priced near ₹14,880 per gram. Silver prices are currently trading at the ₹3,00,000 milestone. Prices vary slightly across cities due to local taxes, transportation costs, and jewellers’ margins.
Gold prices in major cities (per gram)
| City | 24K Gold (₹) | 22K Gold (₹) |
| Delhi | ₹16,216 | ₹14,866 |
| Mumbai | ₹16,233 | ₹14,880 |
| Chennai | ₹16,368 | ₹15,001 |
| Kolkata | ₹16,233 | ₹14,880 |
It is to be noted that gold prices in India are mainly influenced by international bullion rates, rupee-dollar movement, import duty, and seasonal jewellery demand. With the wedding and festive season approaching in some regions, retail demand remains stable, preventing sharp corrections in prices.
Check the latest gold rates here
Silver prices in major cities
Silver continues to trade at elevated levels compared to long-term averages, supported by industrial demand as well as investment buying. Unlike gold, silver prices are more sensitive to global manufacturing trends, making the metal more volatile during uncertain economic conditions.
| City | Silver (₹ per 10 gm) | Silver (₹ per kg) |
| Delhi | 3,000 | 3,00,000 |
| Mumbai | 3,000 | 3,00,000 |
| Chennai | 3,201 | 3,20,100 |
| Kolkata | 3,000 | 3,00,000 |
Check the latest silver rates here
MCX closing prices (last trading session on May 14, 2026)
On the Multi Commodity Exchange (MCX), gold jumped to settle at ₹1,63,360 on Wednesday. Silver also rose due to the increase in import duty, with MCX prices rising nearly 8% to ₹2,87,720 per kg.
| Commodity | Price (MCX) | Change |
| Gold (June futures) | ₹1,63,360 per 10 grams | Up 6% |
| Silver (July futures) | ₹2,87,720 per kg | Up 8.63% |
Recent futures market data showed mild pressure on bullion, with silver witnessing a sharper correction compared to gold. Analysts say traders remain cautious ahead of global macroeconomic cues, currency movement, and geopolitical developments, which are likely to determine the next trend in precious metals.
Gold and silver prices in India on May 14, 2026, saw a surge due to a sharp hike in import duty to 15% and geopolitical tensions in West Asia and mixed signals from the US dollar. Precious metals, which are traditionally considered safe-haven assets, have not shown sharp upside, indicating cautious investor sentiment and stable domestic demand.
As per the latest retail market rates, 24-carat gold is trading around ₹16,233 per gram, while 22-carat gold is priced near ₹14,880 per gram. Silver prices are currently trading at the ₹3,00,000 milestone. Prices vary slightly across cities due to local taxes, transportation costs, and jewellers’ margins.
Gold prices in major cities (per gram)
| City | 24K Gold (₹) | 22K Gold (₹) |
| Delhi | ₹16,216 | ₹14,866 |
| Mumbai | ₹16,233 | ₹14,880 |
| Chennai | ₹16,368 | ₹15,001 |
| Kolkata | ₹16,233 | ₹14,880 |
It is to be noted that gold prices in India are mainly influenced by international bullion rates, rupee-dollar movement, import duty, and seasonal jewellery demand. With the wedding and festive season approaching in some regions, retail demand remains stable, preventing sharp corrections in prices.
Check the latest gold rates here
Silver prices in major cities
Silver continues to trade at elevated levels compared to long-term averages, supported by industrial demand as well as investment buying. Unlike gold, silver prices are more sensitive to global manufacturing trends, making the metal more volatile during uncertain economic conditions.
| City | Silver (₹ per 10 gm) | Silver (₹ per kg) |
| Delhi | 3,000 | 3,00,000 |
| Mumbai | 3,000 | 3,00,000 |
| Chennai | 3,201 | 3,20,100 |
| Kolkata | 3,000 | 3,00,000 |
Check the latest silver rates here
MCX closing prices (last trading session on May 14, 2026)
On the Multi Commodity Exchange (MCX), gold jumped to settle at ₹1,63,360 on Wednesday. Silver also rose due to the increase in import duty, with MCX prices rising nearly 8% to ₹2,87,720 per kg.
| Commodity | Price (MCX) | Change |
| Gold (June futures) | ₹1,63,360 per 10 grams | Up 6% |
| Silver (July futures) | ₹2,87,720 per kg | Up 8.63% |
Recent futures market data showed mild pressure on bullion, with silver witnessing a sharper correction compared to gold. Analysts say traders remain cautious ahead of global macroeconomic cues, currency movement, and geopolitical developments, which are likely to determine the next trend in precious metals.