- By Aditya Pratap Singh
- Thu, 14 May 2026 01:42 PM (IST)
- Source:JND
Gold, Silver Rate Today: Continue Ning the last day's gaining momentum post union government increased import duty on gold the yellow metal prices rose marginally by 0.21 per cent in domestic futures markets on Thursday. The bullion market remained bullish as traders kept an eye on the ongoing talks between US President Donald Trump and his Chinese counterpart Xi Jinping amid geopolitical and economic uncertainty.
On the Multi Commodity Exchange (MCX), gold for June delivery rose by Rs 334 (0.21 percent) to Rs 1,62,520 per 10 grams, with a trade turnover of 8,220 lots.
The precious metal rate soared by Rs 8,744 (nearly 6 percent) to Rs 1,62,186 per 10 grams in the previous session, following the government's decision to increase import duty on the precious metal. The duty hike came after Prime Minister Narendra Modi called for a ban on gold purchases and other stringent measures to reduce unnecessary foreign exchange expenditure.
Silver Price Declines
Against gold, silver prices fell by Rs 2,338 (0.78 per cent) to Rs 2,97,900 per kg in 8,046 lots. On Wednesday, its price on MCX rose by Rs 21,176 (nearly 8 per cent) to close at Rs 3,00,238 per kg.
Gold, Silver Price In International Market
In the international market, Comex gold futures for June contract were trading steady at $4,705.92 per ounce in New York, while silver for July delivery fell nearly 2 percent to $87.82 per ounce.
Experts Views On Gold, Silver Price
"Gold and silver prices saw mixed movements on Thursday amid recent macroeconomic shifts and geopolitical tensions," Gaurav Garg, Research Analyst at Lemonn Markets Desk, said.
The recent hike in import duties on gold and silver has created waves in the market, driving domestic demand and prompting increased investment in gold-backed exchange-traded funds, he added.
"Gold traded flat in Asian markets as investors remained cautious during talks between Trump and Chinese President Xi Jinping in Beijing, where discussions are centred around trade relations, the Iran conflict, and broader global supply chain risks," Manav Modi, Commodities Analyst Motilal, Oswal Financial Services Ltd, said.
According to analysts, market participants are waiting for signs that the two leaders can ease geopolitical tensions, which have shaken commodities and currency markets in recent weeks.
(With Inputs From PTI)