Gold & Silver Prices Today, 14 May 2025: Gold at Rs 93,288/10g, Silver at Rs 96,084/kg

Gold & Silver Prices Today, 14 May 2025: Gold and silver prices declined in both international and domestic markets on Wednesday, May 14, 2025, as easing US-China trade tensions and cooling inflation data from the US weakened safe-haven demand for precious metals.

On the Multi Commodity Exchange (MCX), gold futures for June delivery fell by Rs 451 or 0.48 per cent, closing at Rs 93,288 per 10 grams. Silver futures for May delivery slipped by Rs 683 or 0.71 per cent, settling at Rs 96,084 per kilogram.

In global markets, spot gold dropped 0.4 per cent to $3,234.32 an ounce, while US gold futures fell 0.3 per cent to $3,237.00, as investors shifted focus from safe-haven assets to riskier ones amid signs of progress in trade talks. Silver also mirrored the trend, falling 0.8 per cent to $32.63 an ounce.

“Positive developments in US trade policy are diminishing the appeal of gold in the short term,” said Kyle Rodda, financial market analyst at Capital.com. He added that gold could test key support at $3,200 per ounce if trade negotiations continue to improve.

The downward pressure came after the White House announced a 30 per cent cut in de minimis tariffs on low-value imports from China, indicating a thaw in US-China trade relations. President Donald Trump further reassured markets by stating that he does not expect tariffs on Chinese goods to return to previous highs.

Meanwhile, US inflation data added to the sentiment. The Consumer Price Index (CPI) rose 0.2 per cent in April, slightly below expectations of a 0.3 per cent rise, signaling potential relief from inflationary pressures. Core CPI remained steady at 2.8 per cent year-on-year, in line with forecasts.

Domestic Price Recovery on Tuesday

Despite the dip on Wednesday, both gold and silver had settled higher on Tuesday. Gold June futures closed at $3,247.80 per troy ounce, up by 0.61 per cent, and silver July futures at $33.10, up by 1.46 per cent. Indian markets mirrored this trend, with gold closing at Rs 93,647/10 gm and silver at Rs 96,767/kg, both gaining nearly 1.5 per cent.

Manoj Jain, Director at India Nivesh, noted that the softening US CPI and a drop in the dollar index supported the rebound in prices. However, he cautioned that geopolitical tensions, US bond yields, and volatility in the dollar index could lead to choppy trade in the days ahead.

“Gold has support at $3,222–3,200, with resistance at $3,274–3,300. Silver support lies at $32.80–32.55, resistance at $33.30–33.66. On MCX, gold support is seen at Rs 93,150–92,660, resistance at Rs 94,000–94,450. We recommend avoiding gold and buying silver on dips near Rs 95,800, with a stop-loss of Rs 95,100 and target of Rs 97,200,” Jain advised.

Currency & Dollar Index Movement

The dollar index fell 0.80 per cent to 100.80 on Tuesday after the inflation report, and the USD-INR May futures settled weaker at 85.3600. Analysts expect the dollar index to trade between 97.70 and 102.85 amid global financial volatility, trade developments, and bond yields.

The rupee, meanwhile, recovered from intraday lows as the dollar weakened and tensions between India and Pakistan appeared to ease. However, rising crude oil prices and profit booking in domestic equity markets capped its upside.

Analysts anticipate continued volatility in both the rupee and precious metals markets amid evolving global cues.

Retail Gold Prices Across Major Indian Cities (May 14, 2025):

Gold Price in Mumbai:
In Mumbai, the price of 22-karat gold stood at Rs 9,806 per gram, while 24-karat gold was priced at Rs 9,606 per gram.

Gold Price in Delhi:
The national capital recorded 22K gold at Rs 9,621 per gram, with 24K gold available at Rs 9,606 per gram.

Gold Price in Chennai:
Gold rates in Chennai were slightly lower, with 22K gold at Rs 9,806 per gram and 24K gold at Rs 9,606 per gram.

Gold Price in Kolkata:
In Kolkata, 22-karat gold was priced at Rs 9,806 per gram, and 24-karat gold was selling at Rs 9,606 per gram.

Gold Price in Bengaluru:
Bengaluru saw 22K gold trading at Rs 9,806 per gram, while 24K gold was available at Rs 9,606 per gram.

Gold Price in Kerala:
Pune saw 22K gold trading at Rs 9,806 per gram, while 24K gold was available at Rs 9,606 per gram.