Gold and Silver Price Today in India, 14 May 2026: Silver Crosses ₹3 Lakh/kg, Gold Stays Above ₹1.62 Lakh as Duty Shock and Iran Tensions Keep Markets on Edge
The gold price today in India is ₹16,201 per gram for 24-carat gold, and the silver price today in India has crossed ₹3,10,000 per kg in Mumbai. Both metals continue to trade at elevated levels, a day after India's historic import duty hike from 6% to 15%.
Gold prices in India delivered a full-blown shocker on 14 May 2026, with retail rates witnessing a massive single-day spike after the government sharply raised the import tariff on gold and silver from 6% to 15%. Safe-haven demand and policy shock together turned bullion markets into absolute chaos. MCX continues to swing wildly, and traders are watching every move carefully.
Gold and Silver Price Today in India – Key Highlights
| Metric | Gold 24K | Silver 999 |
|---|---|---|
| Spot Price (per 10g / per kg) | ₹1,62,010 | ₹3,10,000 |
| Change vs Yesterday | 🔴 ▼ Consolidating | 🟢 ▲ Above ₹3 lakh |
| Retail per gram | ₹16,201 (24K) | ₹310 |
| MCX Gold (June 2026) | ~₹1,62,270/10g | — |
| MCX Silver (July 2026) | — | ~₹2,95,805/kg |
| COMEX Gold | ~$4,730/oz | — |
| COMEX Silver | ~$87–88/oz | — |
| Gold-Silver Ratio | ~53:1 | — |
| Crude Oil (Brent) | $107.53/barrel | — |
| USD/INR | ₹95.67–₹95.74 | — |
| Last Updated | 14 May 2026, 11:30 IST | 14 May 2026, 11:30 IST |
Morning note: Delhi sarafa market has 24K gold at ₹1,65,350 per 10 grams. MCX silver jumped ₹16,743 to touch ₹2,95,805 per kg. Different sources show varying retail rates due to local levies and timing. All figures are sourced and noted below.
Gold Price Today in India (24K, 22K, per gram and 10g)
Today's gold price in India stands at ₹16,201 per gram for 24-carat gold (99.9% purity), ₹14,851 per gram for 22-carat gold (91.6% purity), and ₹12,151 per gram for 18-carat gold (75% purity).
MCX June futures traded around ₹1,62,270 per 10 grams in early trade, while July gold futures hovered near ₹1,61,344. The previous session had seen June contracts skyrocket 5.74% or ₹8,808 in a single session, with prices briefly touching ₹1,64,497.
Year-on-year, gold is up over 73% from ₹94,070/10g in May 2025.
| Purity | Per Gram (₹) | Per 10g (₹) | Per 100g (₹) | Change vs Yesterday |
|---|---|---|---|---|
| 24 Karat (999) | 16,201 | 1,62,010 | 16,20,100 | 🔴 ▼ Consolidating |
| 22 Karat | 14,851 | 1,48,510 | 14,85,100 | 🔴 ▼ |
| 20 Karat | 13,501 | 1,35,008 | 13,50,083 | 🔴 ▼ |
| 18 Karat | 12,151 | 1,21,510 | 12,15,100 | 🔴 ▼ |
| 14 Karat | 9,451 | 94,506 | 9,45,058 | 🔴 ▼ |
Note: Delhi rates from PolicyBazaar show 24K at ₹16,265/gram and 22K at ₹15,490/gram, slightly higher due to local levies. Delhi sarafa market quotes ₹1,65,350/10g. All figures are pre-GST unless stated.
Silver Price Today in India (per gram and per kg)
The price of silver in India today is ₹300 per gram and ₹3,00,000 per kilogram on the Goodreturns morning feed. In Mumbai, the silver price today is ₹310 per gram and ₹3,10,000 per kilogram. Some retail quotes show silver at ₹330 per gram, reflecting updated duty-inclusive pricing at jewellers.
Silver has now crossed ₹3 lakh per kg in retail markets for the first time. Year-on-year, silver is up over 210% from ₹96,880/kg in May 2025.
| Unit | Silver 999 Fine (₹) | Silver 925 Sterling (₹) | Silver 900 Coin (₹) | Change vs Yesterday |
|---|---|---|---|---|
| 1 gram | 300–310 | 278–287 | 270–279 | 🟢 ▲ New high |
| 10 grams | 3,000–3,100 | 2,775–2,865 | 2,700–2,790 | 🟢 ▲ |
| 100 grams | 30,000–31,000 | 27,750–28,650 | 27,000–27,900 | 🟢 ▲ |
| 1 kg (999 fine) | 3,00,000–3,10,000 | 2,77,500–2,86,500 | 2,70,000–2,79,000 | 🟢 ▲ Historic |
| 1 ounce | 8,505–8,788 | — | — | 🟢 ▲ |
| 1 tola | 3,500–3,613 | — | — | 🟢 ▲ |
Range shown because prices vary across cities and are updating rapidly today. Use the midpoint of ₹3,05,000/kg as a working reference for most cities outside Mumbai.
City-Wise Gold and Silver Rates Today (14 May 2026)
The rates for 10g 22-carat and 24-carat gold in Delhi are ₹1,54,900 and ₹1,62,650 as of 14 May 2026. The 24-carat gold price in Delhi is ₹16,265 per gram and 22-carat is ₹15,490 per gram. Chennai continues to carry a premium over other metros.
| City | Silver 999 (₹/kg) | Silver (₹/g) | Gold 24K (₹/10g) | Gold 22K (₹/10g) | vs Yesterday |
|---|---|---|---|---|---|
| Delhi | 3,10,000 | 310 | 1,62,650 | 1,54,900 | 🟢 ▲ |
| Mumbai | 3,10,000 | 310 | 1,62,010 | 1,48,510 | 🟢 ▲ |
| Chennai | 3,10,000 | 310 | 1,64,800 | 1,51,050 | 🟢 ▲ |
| Hyderabad | 3,10,000 | 310 | 1,62,010 | 1,48,510 | 🟢 ▲ |
| Bengaluru | 3,10,000 | 310 | 1,62,010 | 1,48,510 | 🟢 ▲ |
| Kolkata | 3,10,000 | 310 | 1,62,010 | 1,48,510 | 🟢 ▲ |
| Pune | 3,10,000 | 310 | 1,62,010 | 1,48,510 | 🟢 ▲ |
| Ahmedabad | 3,10,000 | 310 | 1,62,060 | 1,48,555 | 🟢 ▲ |
| Surat | 3,10,000 | 310 | 1,62,060 | 1,48,555 | 🟢 ▲ |
| Jaipur | 3,10,000 | 310 | 1,62,650 | 1,54,900 | 🟢 ▲ |
Rates include GST and local levies. Delhi sarafa market quotes ₹1,65,350/10g for 24K gold, which is the highest quoted rate today.
Muskaan Kapoor
MCX Gold and Silver Prices Today (14 May 2026)
Gold futures on MCX continued swinging wildly on 14 May 2026 after the government's surprise import duty hike. June futures traded around ₹1,62,270 per 10 grams in early trade. A day earlier, June contracts had skyrocketed 5.74% or ₹8,808 in a single session.
MCX silver jumped ₹16,743 to touch ₹2,95,805 per kg. Both metals are in extreme volatility mode today.
| Contract | Price (₹) | Change | % Change | Intraday High | Intraday Low | Prev. Close |
|---|---|---|---|---|---|---|
| MCX Gold — June 2026 | ~1,62,270/10g | 🔴 ▼ Consolidating | ~−0.06% | ~1,63,500 | ~1,60,800 | 1,62,375 |
| MCX Silver — July 2026 | ~2,95,805/kg | 🟢 ▲ +16,743 | 🟢 +5.99% | ~3,01,000 | ~2,90,000 | 2,79,062 |
MCX gold is holding steady after yesterday's 5.82% jump. MCX silver is surging again today, posting another near-6% gain.
Global Gold and Silver Prices - COMEX and Spot (14 May 2026)
| Commodity | Exchange | Price (USD) | Change | % Change |
|---|---|---|---|---|
| Gold Futures | COMEX | ~$4,730/oz | 🟢 ▲ +$19 | 🟢 +0.40% |
| Silver Futures | COMEX | ~$87–88/oz | 🟢 ▲ Firm | 🟢 +0.5–1% |
| Crude Oil (Brent) | — | $107.53/barrel | 🟢 ▲ | — |
| Gold-Silver Ratio | — | ~53:1 | 🔴 ▼ Tightening | — |
| USD/INR | — | ₹95.67–95.74 | 🔴 ▼ Rupee weak | — |
The gold-silver ratio has tightened sharply to ~53:1, well below the long-term average of ~68. This means silver is outperforming gold at a historic pace. A weak rupee near ₹95.70 is adding further upward pressure on India's domestic bullion prices.
What Is Driving Gold and Silver Prices Today? (14 May 2026)
1. Import duty hike still the dominant force
Yesterday's decision to raise import duty from 6% to 15% is still working its way through the pricing chain. Most jewellers and retail shops are now updating price boards for the second straight day. The duty hike turned bullion markets into absolute chaos, with panic buying seen at retail counters even as trade bodies warned of possible demand destruction.
2. Silver crosses ₹3 lakh, a historic first
Silver has now crossed the ₹3 lakh per kg mark in retail markets. West Asian tensions, rupee weakness, and the import duty hike have together driven silver to its highest-ever level in India. Investors are buying silver both as an inflation hedge and as an industrial metal play, given strong demand from solar and EV sectors.
3. Iran-US tensions keeping oil and metals elevated
Crude oil is trading at $107.53 per barrel today, reflecting ongoing disruption in the Strait of Hormuz. High oil prices feed inflation, which in turn supports gold and silver as hedges. Air India has already cancelled over 400 international flights to UAE and the Gulf region due to the West Asia crisis, showing just how wide the real-world impact of the conflict is becoming.
4. Weak rupee amplifying domestic price rise
The US dollar is at ₹95.67, with the rupee under pressure from a widening trade deficit and higher oil import costs. A weaker rupee directly makes gold and silver costlier in India even if global prices hold steady.
5. Gold ETFs rising alongside physical prices
Gold ETFs are also trading higher today. When import duty rises, gold ETFs become relatively more attractive than physical gold because they do not carry the same duty burden. This has driven fresh ETF inflows and added to overall bullion demand momentum.
Gold vs Silver Performance – Trend Analysis
| Date | Silver 999 (₹/kg) | Gold 24K (₹/10g) | MCX Silver (₹/kg) | MCX Gold (₹/10g) | Move |
|---|---|---|---|---|---|
| 14 May 2026 | 3,00,000–3,10,000 | 1,62,010 | ~2,95,805 | ~1,62,270 | 🟢 ▲ Both surge |
| 13 May 2026 | 2,96,910 | 1,63,000 | 2,96,439 | 1,62,375 | 🟢 ▲ +6.2% / +5.84% |
| 12 May 2026 | 2,79,570 | 1,54,010 | 2,79,062 | 1,53,442 | 🔴 ▼ |
| 7 May 2026 | 2,44,230 | 1,49,830 | — | — | 🟢 ▲ |
| 6 May 2026 | 2,54,080 | 1,52,730 | — | — | — |
| 1 Year Ago | 96,880 | 94,070 | — | — | — |
Silver has now gained over 210% year-on-year. In just one week, from 6 May to today, silver is up over 21%. Gold is up roughly 7% in the same week. The duty hike has been the single biggest catalyst for compressing price movement into just two sessions.
Gold and Silver Price Outlook
The market is in price-discovery mode. Nobody knows exactly where the new post-duty equilibrium will settle. Here is what to watch.
| Factor | Direction | Impact on Prices |
|---|---|---|
| 15% import duty in effect | 🔴 Structural shift | 🟢 Higher domestic prices permanently |
| Iran-US Strait of Hormuz | 🔴 Unresolved | 🟢 Safe-haven bid continues |
| Crude oil above $107 | 🟢 Rising | 🟢 Inflation hedge demand |
| Weak rupee at ₹95.70 | 🔴 Depreciating | 🟢 Adds to INR price of metals |
| Smuggling risk rising | 🔴 Grey market | 🔴 Formal demand may shift |
| Gold ETF inflows | 🟢 Rising | 🟢 Broad investor demand intact |
Traders are watching ₹1,60,000 as key MCX gold support. A sustained move above ₹1,65,000 would signal a fresh leg higher. For silver, ₹2,90,000/kg is the new support floor after the historic ₹3 lakh breach.
This is for informational purposes only. Please consult a financial adviser before making investment decisions.
FAQs
What is the gold price today in India per gram?
The gold price today in India is ₹16,201 per gram for 24-carat gold, ₹14,851 per gram for 22-carat gold, and ₹12,151 per gram for 18-carat gold as of 14 May 2026. Delhi rates are slightly higher at ₹16,265/gram for 24K due to local levies.
What is the silver price today in India per kg?
The silver price today in India is ₹3,00,000 per kg on the Goodreturns morning feed. In Mumbai, it is ₹3,10,000 per kg. Silver has crossed ₹3 lakh for the first time in Indian market history, driven by the import duty hike and West Asia tensions.
Why are gold and silver prices so high today in India?
Three reasons. First, the government raised import duty on gold and silver from 6% to 15%, which directly raises the cost of all bullion in India. Second, the US-Iran conflict is keeping crude oil above $107 and safe-haven demand elevated. Third, a weak rupee at ₹95.70 is making dollar-priced metals more expensive in Indian currency terms.
