Noida, May 14 (APAC Media): Gold and silver prices in India moved on Thursday, with retail rates of 24-carat and 22-carat gold, along with 999-purity silver, showing variation across major cities, including Delhi, Mumbai, Chennai and Kolkata, according to bullion market data.
Benchmark gold rates continued to reflect volatility driven by global price cues, currency movements and expectations around interest rates in major economies.
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In domestic markets, 24-karat gold is generally used as a reference for investment demand, while 22-karat gold remains dominant in jewellery consumption across India.
Silver prices tracked both investment and industrial demand, with usage in electronics, solar energy and manufacturing contributing to fluctuations in the white metal.
City-wise Gold and Silver Prices (May 14)
| City | 24K Gold (₹/10 gm) | 22K Gold (₹/10 gm) | Silver 999 (₹/kg) |
|---|---|---|---|
| Delhi | 1,62,330 | 1,48,800 | 3,00,000 |
| Mumbai | 1,62,010 | 1,48,500 | 3,00,000 |
| Chennai | 1,62,850 | 1,49,200 | 3,01,500 |
| Kolkata | 1,62,050 | 1,48,550 | 2,99,500 |
| Bengaluru | 1,62,120 | 1,48,600 | 3,00,500 |
| Hyderabad | 1,62,180 | 1,48,650 | 3,00,800 |
| Pune | 1,62,090 | 1,48,580 | 3,00,200 |
Market participants said bullion prices are influenced by import duties, GST and making charges, which result in differences across retail markets in Indian cities.
Analysts noted that demand for gold typically rises during the wedding and festive seasons, adding to short-term price pressures in the domestic market.
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Globally, gold and silver remain sensitive to macroeconomic indicators, including inflation trends, central bank policy signals and geopolitical uncertainties, which continue to shape investor sentiment and commodity flows into emerging markets such as India.
Domestic bullion rates are typically derived after accounting for international spot prices, import duty structures and currency exchange rates, particularly the rupee-dollar movement, which plays a key role in determining retail pricing across Indian cities on a daily basis.
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The Directorate General of Foreign Trade (DGFT) has tightened compliance requirements for duty-free gold imports by gems and jewellery exporters, introducing five new conditions under the Standard Input Output Norms (SIONs) M1 to M8 for the Gems and Jewellery Product Group.
Experts advise consumers and investors to track daily price updates before making purchase decisions, as bullion markets remain highly responsive to global economic data releases and shifts in investor risk appetite.
Overall, precious metals markets in India continue to reflect a combination of global cues and domestic demand patterns, with gold retaining its role as a preferred safe-haven asset while silver responds more sharply to industrial cycles.
Traders expect near-term volatility to persist as investors respond to macroeconomic data and central bank commentary.
Market direction will likely depend on upcoming inflation readings and global policy announcements and currency movement trends in the Indian market.
Disclaimer:
Gold prices and rates are for informational purposes only. APAC Media is not liable for any discrepancies or financial decisions made based on this data. Please consult an authorised advisor before making investment choices.
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