Gold Price Today – Gold Rises ₹372, Check 24K, 22K & 18K Live Rates

Gold Price: An upward trend has been observed in gold prices today, May 14. Gold and silver prices have been surging recently. The price of 24-carat gold has risen by ₹372, reaching ₹1.61 lakh. Meanwhile, the price of 1 kg of silver has declined by ₹370 today, settling at ₹2.87 lakh.

According to a report by the Indian Bullion and Jewellers Association (IBJA), the rate for 24-carat gold with 999 purity has reached ₹161,349 per 10 grams. Compared to yesterday, gold prices rose by ₹372 today, Thursday. Gold prices have seen a surge for the second consecutive day today, driven by an increase in import duties. On May 5, the rate for 24-carat gold in the bullion market was recorded at ₹147,973 per 10 grams.

On the other hand, PM Modi has appealed to the public to refrain from purchasing gold for one year. However, if you have a wedding in your family despite this appeal and are considering purchasing gold jewellery, you should check the latest gold prices before making a purchase.

23-Carat Gold Rate
According to the Indian Bullion and Jewellers Association report, the rate for 23-carat gold with 995 purity stands at ₹160,703 per 10 grams today, Thursday.

22-Carat Gold Rate
According to the Indian Bullion and Jewellers Association report, the rate for 22-carat gold with 916 purity stands at ₹147,796 per 10 grams today, Thursday.

18-Carat Gold Rate
According to the Indian Bullion and Jewellers Association report, the rate for 18-carat gold with 750 purity stands at ₹121,012 per 10 grams today, Thursday.

14-Carat Gold Rate
According to a report by the Indian Bullion and Jewellers Association (IBJA), the rate for 14-carat gold (585 purity) stands at ₹94,389 per 10 grams today, Thursday.

Silver Price Today
The price of silver remains steady at ₹287,350 per kilogram today, Thursday. A marginal decline in silver prices has been recorded today compared to yesterday.

Gold Imports: Taxes Increased
The Central Government has abruptly hiked the taxes applicable to the import of gold and silver. Previously, the import duty on gold was 6 per cent; this has now been raised to 15 per cent. This implies that one will now have to pay ₹27,000 in taxes on gold alone.