Rates of precious metals in futures remained volatile on Thursday, May 14, 2026, after a strong rally following a hike in import duties on gold and silver to 15 per cent from 6 per cent. The gold June 5 contract on the Multi Commodity Exchange (MCX) opened with a drop of Rs 298 or 0.18 per cent at Rs 1,61,888 per 10 grams against the previous close of Rs 1,62,186. It continued the downward trend to touch an intraday low of Rs 1,61,027, a drop of Rs 1,159 or 0.71 per cent. Last seen, it was trading at Rs 1,62,155 with a drop of Rs 31 or 0.02 per cent. In between, it touched the intraday high of Rs 1,63,055.
On the MCX, the yellow metal futures for August 2026 were up by Rs 3 per cent to trade at Rs 1,66,429 per 10 grams in business turnover of 2,805 lots.
Gold Price in the International Market
In the international market, the COMEX gold price dropped by 0.21 per cent to approximately USD 4,696.7 per troy ounce. The spot gold price at 12:15 am was USD 4,700.7 per ounce, up by USD 2.91 or 0.06 per cent.
