Gold Price Update for May 14: Rates in Mumbai, Bengaluru, Chennai, Hyderabad, Delhi, and Kolkata

Gold, Silver Prices on May 14: Rates Dip as US-China Trade Deal Boosts Risk Appetite; Silver Seen as Better Bet

Gold prices eased slightly on May 14 as investor sentiment shifted towards equities, following progress in trade negotiations between the United States and China. The two nations have agreed to lower tariffs—down to 30% and 10%, respectively—for a 90-day period while further terms are finalized. This development has reduced the appeal of gold as a safe-haven asset.

Favourable inflation trends in both India and the US have also contributed to the decline in gold prices.

Silver May Outperform Gold This Week

Commodity expert Manoj Kumar Jain of Prithvifinmart suggests silver could outperform gold in the near term. “Silver has industrial demand backing its price, whereas gold remains vulnerable to geopolitical instability, especially from the ongoing Russia-Ukraine conflict,” he noted.

Jain recommends avoiding gold and buying silver on dips around ₹95,800, with a stop loss of ₹95,100 and a target of ₹97,200.

Despite recent dips, gold has delivered robust returns over the long term. Over the past year alone, gold prices have surged 30%, delivering a 15% CAGR since 2001 and outpacing inflation by 2-4% since 1995.

Current Market Rates – May 14

At 2 PM IST, the MCX gold index stood at ₹93,526 per 10 grams, while silver traded at ₹96,793 per kg.

According to the Indian Bullion Association:

24-carat gold: ₹93,900/10 gm

22-carat gold: ₹86,075/10 gm

Silver (999 fine): ₹96,980/kg

City-wise Gold and Silver Prices – May 14

Kolkata

Gold: ₹93,510/10 gm

Silver: ₹96,590/kg

Mumbai

Gold: ₹93,730/10 gm

Silver: ₹96,800/kg

Hyderabad

Gold: ₹93,780/10 gm

Silver: ₹96,910/kg

Chennai

Gold: ₹93,900/10 gm

Silver: ₹97,040/kg

Delhi

Gold: ₹93,470/10 gm

Silver: ₹96,590/kg

Bengaluru

Gold: ₹93,700/10 gm

Silver: ₹96,830/kg

With silver gaining traction due to industrial demand and gold prices under pressure, investors may find more value in the white metal this week. Stay tuned for daily updates on bullion trends.