
Gold rises ₹650 to ₹1.66 lakh/10g in Delhi

Following the recent import duty hike, the sharp jump in domestic prices triggered investor selling and delayed fresh purchases, further weakening already soft physical demand, he added. (Representational image)
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Gold price rose by ₹650 to ₹1.66 lakh per 10 grams in the national capital on Thursday (May 14, 2026) after the rupee fell to a record low against the U.S. dollar amid persistent geopolitical tensions.
According to the All India Sarafa Association, gold of 99.9% purity rose ₹650 to ₹1,66,000 per 10 grams (inclusive of all taxes) from Wednesday’s (May 13, 2026) closing of ₹1,65,350 per 10 grams.
This is the third consecutive day of fall for the precious metal.
“Gold traded with modest gains in the domestic market, supported by positive cues from the international market and continued weakness in the rupee. However, the upside remained limited as higher prices weighed on physical demand and kept overall buying interest subdued,” Saumil Gandhi, senior analyst – Commodities at HDFC Securities, said.
On Thursday (May 14, 2026), the rupee weakened further and fell to a record low of 95.73 (provisional) against the U.S. dollar, amid a strong dollar and worries over inflation amid elevated energy prices.
Following the recent import duty hike, the sharp jump in domestic prices triggered investor selling and delayed fresh purchases, further weakening already soft physical demand, he added.
“As a result, gold discounts in India widened sharply, with spot market discounts expanding to a record level of more than $200 per ounce,” Mr. Gandhi said.
Silver prices, however, snapped its three-day winning streak by declining ₹900 to ₹2,96,600 per kilogram (inclusive of all taxes). In the previous, session, the white metal had settled at ₹2,97,500 per kg, as per the association.
In the international market, spot gold edged up to $4,704.30 per ounce, while silver slipped 0.57% to $87.04 per ounce.
Published – May 14, 2026 06:47 pm IST




