Gold prices dipped slightly across major Indian cities on May 14, while silver gained traction as a more promising investment this week. The shift comes amid easing geopolitical risks and fresh economic cues from the United States and China.
Gold Loses Shine as Markets Turn to Riskier Assets
The softening in gold prices is attributed to improved global sentiment following a temporary trade truce between the US and China. Both nations agreed to reduce tariffs — the US to 10% and China to 30% — for the next 90 days as they work out broader trade terms. This has led investors to move from safe-haven assets like gold to equities.
Additionally, favorable inflation trends in both the US and India have further reduced demand for gold as a hedge.
Silver Outshines Gold for Now
According to Manoj Kumar Jain of Prithvifinmart Commodity Research, silver currently presents a better investment opportunity than gold. Its dual role as a precious and industrial metal offers stronger support amid improving global industrial activity.
“We recommend avoiding gold for now and suggest buying silver on dips near ₹95,800 with a stop-loss at ₹95,100 and a target of ₹97,200,” Jain noted.
Performance Snapshot
Despite recent dips, gold has delivered strong long-term returns:
- Past year: ~30% price increase
- Since 2001: ~15% CAGR
- Since 1995: Outperformed inflation by 2–4%
Latest Prices (as of 2 PM, May 14)
- MCX Gold Index: ₹93,526 per 10 grams
- MCX Silver: ₹96,793 per kg
- 24K Gold: ₹93,900 per 10 grams (IBA)
- 22K Gold: ₹86,075 per 10 grams (IBA)
- Silver (999 Fine): ₹96,980 per kg (IBA)
City-wise Gold and Silver Prices – May 14
(Prices may vary slightly by jeweller and local taxes)
- Delhi
- Mumbai
- Kolkata
- Chennai
- Hyderabad
- Bengaluru
Investors are advised to monitor global cues and consult with financial experts before making precious metal investments this week.
