Gold Prices Drop ₹500 on May 14: Check Latest City-Wise Rates Across India
Gold prices in India saw a notable dip on Tuesday, May 14, following optimistic developments in US-China trade discussions. After weeks of bullish trends, the yellow metal has taken a breather, providing a potential window for buyers and investors.
Gold Slips After Hitting ₹1 Lakh Mark
Just days after touching the ₹1 lakh milestone amid global uncertainty and recession concerns, gold prices have eased. On the Multi Commodity Exchange (MCX), gold fell by 0.18% to ₹93,467 per 10 grams, while silver declined by 0.33% to ₹96,445 per kg.
Here’s how gold is priced across major Indian cities:
Delhi & Jaipur
Ahmedabad & Patna
Mumbai, Chennai, Hyderabad, Bengaluru & Kolkata
Gold holds immense cultural and financial value in India, especially during weddings and festivals. As a result, even minor market shifts are closely tracked by both investors and consumers.
Today’s drop in gold prices offers a brief pause in an otherwise rising trend. Whether you’re buying for tradition or investment, keeping tabs on daily price updates can help make informed decisions in a volatile market.
Gold Slips After Hitting ₹1 Lakh Mark
Just days after touching the ₹1 lakh milestone amid global uncertainty and recession concerns, gold prices have eased. On the Multi Commodity Exchange (MCX), gold fell by 0.18% to ₹93,467 per 10 grams, while silver declined by 0.33% to ₹96,445 per kg.
City-Wise Gold Rates (Per 10 Grams, May 14)
Here’s how gold is priced across major Indian cities:
Delhi & Jaipur
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- 22K: ₹88,200
- 24K: ₹96,210
Ahmedabad & Patna
- 22K: ₹88,100
- 24K: ₹96,110
Mumbai, Chennai, Hyderabad, Bengaluru & Kolkata
- 22K: ₹88,050
- 24K: ₹96,060
Silver Prices Hold Steady
Silver prices also reflected a downward shift. In Mumbai, silver was priced at ₹97,900 per kg, showing signs of cooling after recent highs.What’s Driving the Price Movement?
Gold rates in India are influenced by several global and domestic factors, including:- International market trends
- Import duties and taxation
- Currency exchange rate fluctuations
Gold holds immense cultural and financial value in India, especially during weddings and festivals. As a result, even minor market shifts are closely tracked by both investors and consumers.
Today’s drop in gold prices offers a brief pause in an otherwise rising trend. Whether you’re buying for tradition or investment, keeping tabs on daily price updates can help make informed decisions in a volatile market.
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