Gold Rate Today: Gold prices have dropped for the third consecutive day today. In the past few days, gold has become cheaper by more than 3,000 rupees. Yesterday, there was a slight recovery in gold prices, but today morning, a drop of 560 rupees per 10 grams is being seen. Currently, the price of 10 grams of 24-carat gold is around 96,700 rupees, and 22-carat gold is trading at 88,500 rupees.
Let’s see the gold and silver prices in major cities across the country (Gold Rate Today) on Wednesday, May 14, 2025.
The recent major drop in gold prices is mainly due to the reduction in tensions between the US and China. The US has postponed plans to increase taxes on imports from China for 90 days, which has brought some relief to the global markets. As a result, people have started investing less in gold and are putting their money in other options. When the market becomes more stable, people tend to move their investments from safe assets like gold to riskier options like the stock market.
Additionally, peace talks in the Russia-Ukraine war and news of reduced tension between India and Pakistan have further stabilised the market. During such times, the demand for gold generally decreases. Furthermore, the stock market surge and the strengthening of the dollar have also put pressure on gold prices. Due to these (Gold Rate Today) factors, investors have started selling their gold to make profits, leading to a further decline in prices.
|
City Name |
22 Carat Gold Rate | 24 Carat Gold Rate |
|
Delhi |
88,710 | 96,760 |
|
Chennai |
88,050 |
96,060 |
|
Mumbai |
88,050 |
96,060 |
|
Kolkata |
88,050 |
96,060 |
|
Jaipur |
88,710 |
96,760 |
|
Noida |
88,710 |
96,760 |
| Ghaziabad | 88,710 |
96,760 |
|
Lucknow |
88,710 |
96,760 |
| Bengaluru | 88,050 |
96,060 |
| Patna | 88,050 |
96,060 |
On Wednesday, May 14, 2025, the price of silver is 97,900 rupees per kilogram. There has been no significant change (Gold Rate Today) in silver prices today; they remain stable.
Gold prices in India are influenced by several factors, such as international market prices, government taxes, and fluctuations in the value of the rupee. Gold is not just an investment tool; it also holds significant cultural and traditional value, especially during weddings and festivals. Demand for gold increases during these times, which also affects its prices.
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