Gold prices rise to ₹1.61 lakh/10 gm:Becomes ₹28,000 expensive this year

Gold prices have increased today, i.e., on May 14. The price of 10 grams of 24 carat gold has risen by ₹382 to reach ₹1.61 lakh . Meanwhile, the price of 1 kg silver has fallen by ₹370 today to ₹2.87 lakh. Gold prices according to carat Gold prices in major cities of the country Source: goodreturns May 14, 2026 Gold ₹28,000 and silver ₹57,000 costlier this year This year, gold and silver prices have been witnessing continuous fluctuations. Gold has become costlier by ₹28,000 and silver by ₹57,000 in 2026 so far. On December 31, 2025, 10g gold was at ₹1.33 lakh , which has now reached ₹1.61 lakh. Meanwhile, silver was at ₹2.30 lakh per kg, which has now reached ₹2.81 lakh. During this period, on January 29, gold made an all-time high of ₹1.76 lakh and silver made an all-time high of ₹3.86 lakh. Gold-Silver Movement So Far This Year Note:- Gold price per 10 grams and silver price per kg | Source:- IBJA Government increases import duty on gold and silver from 6% to 15% The central government has increased the duty on import of gold and silver from 6% to 15%. The government has imposed 10% basic customs duty and 5% Agriculture Infrastructure and Development Cess (AIDC) on gold. PM said twice – Don’t buy gold for one year PM Modi has appealed to countrymen for two consecutive days (on May 10 and 11) not to buy gold for 1 year. The PM had said There was a time when people used to donate gold in national interest during crisis. Today there is no need for donation, but in national interest we have to decide that for one year, whatever program happens at home, we will not buy gold jewelry. Our patriotism is challenging us to save foreign exchange and we have to accept this and save foreign exchange. Keep these 2 things in mind when buying gold from jewellers 1. Buy only certified gold: Always buy certified gold with the Bureau of Indian Standards (BIS) hallmark. This number can be alphanumeric, something like this – AZ4524. Hallmarking indicates how many carats the gold is. 2. Cross-check the price: Cross-check the correct weight of gold and its price on the day of purchase from multiple sources (such as the India Bullion and Jewellers Association website). The price of gold varies according to 24 carat, 22 carat and 18 carat.