Rates of precious metals in futures remained volatile on Thursday, May 14, 2026, after a strong rally following a hike in import duties on gold and silver to 15 per cent from 6 per cent. The gold June 5 contract on the Multi Commodity Exchange (MCX) opened with a drop of Rs 298 or 0.18 per cent at Rs 1,61,888 per 10 grams against the previous close of Rs 1,62,186. It continued the downward trend to touch an intraday low of Rs 1,61,027, a drop of Rs 1,159 or 0.71 per cent. Last seen, it was trading at Rs 1,62,155 with a drop of Rs 31 or 0.02 per cent. In between, it touched the intraday high of Rs 1,63,055.
On the MCX, the yellow metal futures for August 2026 were up by Rs 3 per cent to trade at Rs 1,66,429 per 10 grams in businessย turnover of 2,805 lots.ย
Silver Price On MCX
Similarly, the silver futures, maturing on July 3, 2026, opened lower. It started the trading session at Rs 2,98,373 against the previous close of Rs 3,00,238, a drop of Rs 1,865 or 0.62 per cent. It later declined to touch the low of Rs 2,94,450, a drop of Rs 5,788 or 1.92 per cent.ย
“MCX Gold is currently trading near the Rs 1,61,500โ Rsย 1,62,000 zone following yesterdayโs sharp breakout. On the upside, immediate resistance is placed near Rsย 1,62,000โ Rsย 1,63,000. A sustained move above this zone could strengthen bullish momentum and extend the rally toward Rsย 1,64,000โRsย 1,65,000 levels. On the downside, Rsย 1,58,000-Rsย 1,57,000 acts as immediate support. A break below this range may trigger profit booking toward Rsย 1,55,000โRsย 1,54,000,” said Ponmudi R, CEO of Enrich Money.
Gold Price in the International Market
In the international market, the COMEX gold price dropped by 0.21 per cent to approximately USD 4,696.7 per troy ounce. The spot gold price at 12:15 am was USD 4,700.7 per ounce, up by USD 2.91 or 0.06 per cent.ย
Check Gold, Silver Prices In Major Cities
Gold price in Delhiย ย
In Delhi, the 24-carat gold price was quoted at Rs 1,62,260 per 10 grams. For 22-carat gold, the consumer would have to spend Rs 1,48,950 per 10 grams.
Gold price in Mumbai
In Mumbai, 24-carat gold was available at Rs 1,62,330 per 10 grams, while 22-carat gold stood at Rs 1,48,800 per 10 grams.ย
Gold price in Kolkata
The 24-carat gold price in Kolkata today was Rs 1,62,330 per 10 grams, while the rate for 22-carat gold was Rs 1,48,800 per 10 grams.ย ย
Gold price in Chennai
In Chennai, the 24-carat gold was available for Rs 1,64,180 per 10 grams. For 22-carat gold, the rate was Rs 1,50,500 per 10 grams.
Silver prices in Delhi
The price of silver per kg in the national capital was Rs 3,00,000.ย
Silver price in Mumbai
In Mumbai, the consumer would have to pay Rs 3,00,000 per kg today to buy the precious metal.
Silver price in Kolkata
In Kolkata, the price of 1 kg of silver stood at Rs 3,00,000.ย
Silver price in Chennai
In Chennai, the price of precious metal stood at Rs 3,15,000 per kg.
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(This article is for informational purposes only and should not be construed as investment, financial, or other advice.)