Gold and Silver Price Today, August 14: Check Rates in Mumbai, Delhi, and Major Cities

MUMBAI — Gold and silver price today, August 14, experienced minor downward adjustments across primary spot and retail markets in India, following dynamic trading sessions in global bullion markets. The benchmark 24-karat retail gold price in Mumbai registered at ₹1,50,848 per 10 grams, showing a minor drop of ₹28, while 22-karat gold held at ₹1,38,313 per 10 grams. Concurrently, retail silver prices dipped by ₹553 to trade at ₹2,34,149 per kilogram in the financial capital.

City-Wise Gold and Silver Rates Breakdown

According to figures published by trade reference platforms, physical bullion transactions reflected modest variance across states due to local transportation charges, regional supply availability, and local levies.

Major Metropolitan Rate Comparison

Note: All listed reference prices exclude Goods and Services Tax (GST) and local jeweller making charges.

Market Dynamics and Official Sources

The physical rates tracked by exchange desks and market associations reflect underlying movement in domestic commodity derivatives and foreign spot movements.

"Retail and wholesale trade desks across key industrial markets continue to mirror international spot trends and domestic currency fluctuations," stated reference market analysts.

Trade desks observe that bullion valuation in India remains anchored by international spot trends ($XAUUSD$ and $XAGUSD$), import duty tariffs set by government agencies, and foreign currency movement.

Impact on Consumers and Investors

The ongoing price levels carry specific practical implications across different sectors:

• Jewellery Buyers: Retail consumers purchasing gold ornaments must factor in an additional 3% GST alongside variable making charges, which typically range between 8% and 25% depending on design intricacy.

• Retail Traders: Day traders and short-term investors in precious metals are monitoring support and resistance levels on commodity derivative exchanges to hedge against short-term volatility.

• Bullion Investors: Long-term investors in physical bars or digital gold formats continue to utilize local price drops as strategic accumulation windows.

Key Facts at a Glance

• Mumbai 24K Gold Price: ₹1,50,848 per 10 grams (▼ ₹28).

• Mumbai 22K Gold Price: ₹1,38,313 per 10 grams.

• Mumbai Silver 999 Price: ₹234,149 per kilogram (▼ ₹553).

• Highest Metropolitan Gold Rate: Chennai at ₹1,51,133 per 10 grams.

• Tax Component: Standard retail purchases attract 3% GST over quoted base bullion rates.

Frequently Asked Questions (FAQ)

What is the gold price today in Delhi and Mumbai?

On August 14, 24K retail gold is priced at ₹1,50,848 per 10 grams in Mumbai and ₹1,51,048 per 10 grams in Delhi, excluding GST.

Why do gold and silver prices differ across Indian cities?

Price differences occur due to local octroi/entry taxes, transportation costs from primary distribution hubs, regional demand factors, and local jeweller association pricing policies.

Are GST and making charges included in the quoted rates?

No. Quoted reference rates represent raw bullion values. Retail buyers must pay 3% GST plus individual jeweller making charges at the point of sale.

Sources: All India Bullion, MCX