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Gold Rises To 3-Week High, Silver Surges Crosses Rs 1,14,000: Check Bullion Rates Today, July 14 | Savings and Investments News
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Gold Price Today, July 14: In Mumbai, the price of gold stood at Rs 91,550 per 10 grams for 22-carat and Rs 99,880 per 10 grams for 24-carat.
Gold Price Today, July 14.
Gold, Silver Prices In India Today, July 14: Gold prices on Monday jumped to three-week high, amid safe-haven demand after US President Donald Trump threatened to impose a 30% tariff on imports from the European Union and Mexico. Silver also surged to hit its all-time high level to cross the Rs 1,14,000 level to trade at Rs 1,14,511 per kg.
In the futures market on the MCX, gold futures (expiring on August 5, 2025) were trading higher by 0.30% at Rs 98,115 per 10 gram, while silver (expiring on September 5, 2025) surged by 1.34% to trade at an all-time high of Rs 1,14,511 per kg.
Rahul Kalantri, vice-president of Mehta Equities, said, “Last week, a sharp rally was seen in precious metals after the U.S. President unveiled new trade tariffs on key partners including the EU, Mexico, and Canada, set to take effect on August 1, unsettling global markets. Gold breached a 3-week high at $3,350 per ounce, and silver extended its rally to $38.40. Global equity markets plunged after US trade tariff and supported safe-haven buying for precious metals. If US President remains hawkish on trade tariffs then gold and silver could continue to move upside in the upcoming sessions.”
What Is The Price Of 22kt, 24kt Gold Rates Today In India Across Key Cities On July 14?
In Mumbai, the price of gold stood at Rs 91,550 per 10 grams for 22-carat and Rs 99,880 per 10 grams for 24-carat.
| City | 22K Gold (per 10gm) | 24K Gold (per 10gm) |
|---|---|---|
| Delhi | Rs 91,700 | Rs 1,00,030 |
| Jaipur | Rs 91,700 | Rs 1,00,030 |
| Ahmedabad | Rs 91,600 | Rs 99,930 |
| Patna | Rs 91,600 | Rs 99,930 |
| Mumbai | Rs 91,550 | Rs 99,880 |
| Hyderabad | Rs 91,550 | Rs 99,880 |
| Chennai | Rs 91,550 | Rs 99,880 |
| Bengaluru | Rs 91,550 | Rs 99,880 |
| Kolkata | Rs 91,550 | Rs 99,880 |
International Gold Prices
In the international market, spot gold was up 0.2% at $3,361.19 per ounce, as of 0134 GMT, after hitting its highest point since June 23 earlier in the session. US gold futures climbed 0.4% to $3,376.
Trump on Saturday threatened to impose a 30% tariff on imports from Mexico and the European Union starting on August 1, after weeks of negotiations with the major U.S. trading partners failed to reach a comprehensive trade deal.
Both the European Union and Mexico described the tariffs unfair and disruptive, while the E.U. said it would extend its suspension of countermeasures to US tariffs until early August and continue to press for a negotiated settlement.
Investors now await the US inflation data for June due on Tuesday for more cues on the Federal Reserve’s interest rate path. Markets are currently pricing in just over 50 basis points worth of Fed easing by December.
Gold, often considered as a safe-haven asset during economic uncertainties, tends to do well in a low-interest-rate environment.
What Factors Affect Gold Prices In India?
International market rates, import duties, taxes, and fluctuations in exchange rates primarily influence gold prices in India. Together, these factors determine the daily gold rates across the country.
In India, gold is deeply cultural and financial. It is a preferred investment option and is key to celebrations, particularly weddings and festivals.
With constantly changing market conditions, investors and traders monitor fluctuations closely. Staying updated is crucial for effectively navigating dynamic trends.
Haris is Deputy News Editor (Business) at news18.com. He writes on various issues related to personal finance, markets, economy and companies. Having over a decade of experience in financial journalism, Haris h…Read More
Haris is Deputy News Editor (Business) at news18.com. He writes on various issues related to personal finance, markets, economy and companies. Having over a decade of experience in financial journalism, Haris h… Read More
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