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Gold And Silver Prices Today On May 14, 2024: Check Rates In Your City

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Gold And Silver Prices Today On May 14

Gold And Silver Prices Today On May 14: Gold prices held steady on May 14, hovering around Rs 73,000 for 10 grams. In contrast, the silver market saw a downtrend, going to Rs 86,400 per kilogram. Pure 24-carat gold was valued at Rs 73,240 per 10 grams, while 22-carat gold maintained its price at Rs 67,140.

Gold And Silver Prices Today On May 14

CITY 22 CARAT GOLD PRICE 24-CARAT GOLD PRICE
Delhi 67,290 73,370
Mumbai 67,140 73,240
Ahmedabad 67,190 73,270
Chennai 67,240 73,350
Kolkata 67,140 73,240
Gurugram 67,290 73,370
Lucknow 67,290 73,370
Bengaluru 67,140 73,240
Jaipur 67,290 73,370
Patna 67,190 73,270
Bhubaneshwar 67,140 73,240
Hyderabad 67,140 73,240

There are various factors that influence the retail gold price in India, denoting the ultimate cost per unit weight for consumers purchasing gold.

Gold holds immense cultural significance in India, a valuable investment and an integral part of weddings and festivals.

Investors and traders closely monitor these dynamics amid ongoing market fluctuations. Stay tuned for more updates.

India’s gold rate is influenced by five factors

Global market trends

The price of gold in India changes based on how much people want to buy and sell it.

Local market demand and supply

In India, gold is more than just a valuable metal.

Gold prices can change because of changes in supply, changes in import taxes, and high demand during weddings and holidays.

To figure out how much gold costs in different places, you need to know how local supply and demand change over time.

Government policies and regulations

India’s gold rate can be affected by taxes, duties, and import restrictions.

Exchange rate

The rate of exchange between the Indian Rupee (INR) and the US Dollar (USD) affects the price of gold in India.

The value of the rupee can change the price of gold in India.

In India, gold has a lot of meaning because it is part of the culture, it is a good investment, and it is linked to weddings.

Also Read: Gold And Silver Prices Today On May 13, 2024: Check Rates In Your City

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