Gold and silver prices today, May 14, 2025: Gold Rupee 93,288/10g, silver, rupee 96,084/kg

Today's gold and silver prices, May 14, 2025: On Wednesday, May 14, 2025, gold and silver prices fell in international and domestic markets as U.S.-China trade tensions ease U.S. trade tensions and cool inflation data that reduce safety demand for precious metals.

On the multi-commodity exchange (MCX), gold futures for June delivery fell by Rs 451 or 0.48%, closing at Rs 93,288 per 10 grams. Silver futures for May delivery fell at Rs 683 or 0.71% to settle at Rs 96,084 per kilogram.

In global markets, spot gold fell 0.4% to $3,234.32 per ounce, while U.S. gold futures fell 0.3% to $3,237.00 as investors shifted their focus from shelter assets to signs of progress in trade talks. Silver also reflected the trend, down 0.8% to $32.63 per ounce.

“The positive development of U.S. trade policy is reducing the attractiveness of gold,” said Kyle Rodda, a financial market analyst at Capital.com, adding that if trade negotiations continue to improve, gold can test the main support at a price of $3,200 per ounce.

The downward pressure is a melting in the U.S.-China trade relations after the White House announced a 30% tariff on low-value imports from China. President Donald Trump said he does not want tariffs on Chinese goods to return to their previous highs, further ensuring the market.

Meanwhile, U.S. inflation data are added to emotions. In April, the Consumer Price Index (CPI) rose 0.2%, slightly below expectations of a 0.3%, indicating a potential inflationary pressure relief. According to forecasts, the year-on-year stable Core CPI is 2.8%.

Domestic price recovery on Tuesday

Despite the decline on Wednesday, both gold and silver settled higher on Tuesday. June futures closed at $3,247.80, 0.61% per ounce ounce, while July futures were $33.10, up 1.46%. The Indian market reflects this trend, with gold closing at 93,647/10g and silver at 96,767/kg, both rising nearly 1.5%.

Manoj Jain, director of India's Nivesh, pointed out that softening of the US CPI and a decline in the U.S. dollar index supported the rebound in prices. But, he warned that geopolitical tensions, fluctuations in U.S. bond yields and U.S. dollar index could lead to rough trade in the days ahead.

“The support for gold is $3,222-3,200 and resistance is $3,274-3,300. The support for silver is $32.80-32.55 and resistance is $33.30-33.66. On the MCX, the gold medal support is Rs 93,150-92,660, avoiding 94,000-94,450. 95,800, stop loss is Rs 95,100 and targets Rs 97,200,” Jain advised.

Currency and U.S. dollar index movement

The dollar index fell 0.80% to 100.80 on Tuesday after inflation was reported, while USD-INR's possible futures settled at 85.3600. Analysts expect the U.S. dollar index to trade between 97.70 and 102.85 amid global financial volatility, trade developments and bond yields.

Meanwhile, the rupee recovered from intraday lows as the dollar weakened and tensions between India and Pakistan seem to be slow. However, rising crude oil prices and profit bookings in the domestic stock market limit their upside.

Analysts expect continued volatility in the rupee and precious metals markets amid evolving global tips.

Retail gold prices in major cities in India (May 14, 2025):

Gold prices in Mumbai:
In Mumbai, 22 carat gold is priced at Rs 9,806 per gram, while 24 carat gold is priced at Rs 9,606 per gram.

Gold prices in Delhi:
The national capital recorded Rs 22,621 per gram at a price of Rs 9,621 per gram, and gold is available for Rs 24,606 per gram.

Gold prices in Chennai:
The rate of gold in Chennai is slightly lower, at 22k gold per gram, 24k gold per gram, and 9,606 gram per gram.

Gold prices in Kolkata:
In Kolkata, 22 carat gold costs Rs 9,806 per gram and 24 carat gold sells for Rs 9,606 per gram.

Gold prices in Bangalore:
The gold in Bangalore trades at Rs 9,806 per gram, while the price of 24K gold is Rs 9,606 per gram.

Gold prices in Kerala:
The gold in Pune is trading at Rs 9,806 per gram, while the price of 24K gold is priced at Rs 9,606 per gram.