Gold Rates In India Today Rises Nearly Rs 15,000 On Puthandu, Baisakhi; Silver Rates Flat; 24K, 22K, 18K Gold

Gold rates in India climbed sharply on April 14 amidst a host of festivals such as Baisakhi and Pothandu. 24 carat gold price rallied by nearly Rs 15,000 in 100 grams. MCX commodity market is closed for half day and will resume trading in the evening. Indian gold prices surged amidst positive global cues and decline in crude oil prices. On the other hand, silver rates in India are unchanged. 10 grams gold price is nearing Rs 1.54 lakh mark.

Gold Rates In India (April 14):

24 Carat Gold Rates In India Today:

10 grams gold price surged by Rs 1,470 to Rs 1,53,930 and 100 grams gold price in 24 carat rose by Rs 14,700 to Rs 15,39,000. Also, 8 grams gold is up by Rs 1,176 to Rs 1,23,144 and 1 gram gold edged higher by Rs 147 to Rs 15,393.

22 Carat Gold Prices In India Today:

Under the 22 carat, gold advanced by Rs 1,350 in 10 grams to Rs 1,41,100. The price of 100 grams gold surged by Rs 13,500 to Rs 14,11,000. Meanwhile, 8 grams and 1 gram gold rates zoomed by Rs 1,080 and Rs 135 to Rs 1,12,880 and Rs 14,110.

18 Carat Gold Rates In India Today:

In case of 18 carat, 10 grams gold soared by Rs 1,110 to Rs 1,15,450 and 100 grams gold jumped by Rs 11,100 to Rs 11,54,500. Further, 8 grams gold is up by Rs 888 to Rs 92,360 and 1 gram gold is higher by Rs 111 to Rs 11,545.

Silver Rates In India:

Unlike gold, silver rates are unchanged in India. 1Kg silver is priced at Rs 2.55 lakh, while 100 grams and 10 grams silver is at Rs 25,500 and Rs 2,550. Also, 8 grams silver is available at Rs 2,040 and 1 gram silver is at Rs 255.

What Is Impacting Gold Rates And Silver Rates Today?

According to Gaurav Garg, research analyst at Lemonn markets desk, gold and silver prices saw a notable uptick today, with gold trading at $4,781.50 per ounce (approximately Rs1,43,349 per 10 grams) and silver at $76.64 per ounce (around Rs2,29,751 per kg), driven by a mix of geopolitical tensions and shifting market sentiment. Despite the recent collapse of US-Iran peace talks, which initially spurred a rise in oil prices, investors seem to have priced in much of the geopolitical risks, leading to a more stable outlook for precious metals.

Meanwhile, crude oil prices fell to $97.37 per barrel (about Rs9,080), reflecting easing concerns over supply disruptions. This divergence in commodity performance suggests that while gold and silver may be seen as safe havens amidst uncertainty, crude oil is more sensitive to immediate geopolitical developments.

Coming to the Middle East crisis, as per Trading Economics, US and Iran signaled willingness to resume negotiations aimed at securing a longer-term ceasefire before the current two-week truce lapses. President Donald Trump said Tehran had reached out to Washington just hours after the US initiated a naval blockade on Iranian oil shipments in the Strait of Hormuz. Iranian President Masoud Pezeshkian also indicated readiness to continue peace discussions, provided they remain within the framework of international law and regulations.

Oil prices have declined by nearly 3% on April 14. Dollar has also dropped below 99 and is struggling around 98.3 level against a basket of currencies.

Gold Rates In India Outlook Ahead:

As per Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities, Volatility remains high as geopolitical uncertainty continues to dominate sentiment. In the near term, gold is expected to trade within a range of Rs 148500-Rs 152500.

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