On May 14, gold prices in India experienced a notable increase, marking the second consecutive day of rising rates. The surge follows the Indian government's decision to raise the import duty on gold from 6% to 15%. As of today, the price of 24-carat gold is ₹1,62,480 per 10 grams in Delhi and ₹1,62,330 in Mumbai, while 22-carat gold is priced at ₹1,48,900 in Delhi and ₹1,48,800 in Mumbai. Other cities, including Jaipur, Ahmedabad, and Pune, show similar pricing trends. The prices listed do not include GST and making charges. Gold prices are influenced by various factors, including international market rates, import duties, taxes, and fluctuations in exchange rates. Gold holds significant cultural and financial value in India, making it a preferred investment, especially during weddings and festivals. Investors are advised to monitor these fluctuations closely to navigate the dynamic market effectively.