Drop in Gold, Silver Rates in India Today on 15 May After Four-Day Bull Run As Govt Caps Duty-free Gold Import

Gold rates in India retreated sharply on Friday, May 15, 2026, breaking a powerful multi-day rally as investors booked profits after a steep surge driven by the recent increase in customs duty on precious metals. The correction comes after 24 Karat (24K) gold had jumped by nearly Rs 97,600 per 100 grams over the previous four trading sessions, one of the strongest short-term rallies seen in recent months.

Gold, Silver Prices Today Fall After Massive Rally; 24K Gold Slips Below Rs 16,100

On Friday, 24K gold declined by Rs 224 to Rs 16,009 per gram, while 22 Karat (22K) gold fell by Rs 205 to Rs 14,675 per gram. Silver also extended its losses for a second consecutive session, slipping by Rs 10 per gram to Rs 290 and by Rs 10,000 per kilogram to Rs 2,90,000.

The pullback reflects a combination of domestic and international factors. Global bullion markets remained volatile as investors assessed the outcome of a closely watched meeting between the President of the United States and the President of China. Market sentiment was also influenced by fresh inflation data, the appointment of a new Federal Reserve Chair, and shifting expectations around the future path of interest rates.

At the domestic level, demand for jewellery and bullion softened after the sharp rise in prices earlier this week. Adding to inflation concerns, state-owned oil marketing companies increased petrol and diesel prices by Rs 3 per litre on Friday, ending a four-year pause in fuel price revisions. Higher fuel costs can intensify inflationary pressures, which often affects the outlook for precious metals and broader commodity markets.

Gold Rate Today in India: Check Latest 24K, 22K and 18K Gold Prices on 15 May 2026

24 Karat Gold Rate Today in India

The price of 24 Karat (24K) gold fell to Rs 16,009 per gram from Rs 16,233 in the previous session, marking a decline of Rs 224 per gram.

Accordingly, 8 grams of 24K gold are now priced at Rs 1,28,072, down Rs 1,792 from Rs 1,29,864. The price of 10 grams has declined to Rs 1,60,090 from Rs 1,62,330, a drop of Rs 2,240. On a larger scale, 100 grams of 24K gold are valued at Rs 16,00,900, lower by Rs 22,400 compared with Rs 16,23,300 on Thursday.

22 Karat Gold Rate Today in India

The price of 22 Karat (22K) gold declined by Rs 205 to Rs 14,675 per gram from Rs 14,880 a day earlier.

Eight grams of 22K gold are now priced at Rs 1,17,400, down Rs 1,640 from Rs 1,19,040. Ten grams cost Rs 1,46,750, reflecting a decline of Rs 2,050 from Rs 1,48,800. On a 100-gram basis, the price has fallen to Rs 14,67,500, down Rs 20,500 from Rs 14,88,000.

18 Karat Gold Rate Today in India

The price of 18 Karat (18K) gold also moved lower, falling by Rs 168 to Rs 12,007 per gram from Rs 12,175 in the previous session.

The cost of 8 grams has eased to Rs 96,056, down Rs 1,344 from Rs 97,400. Ten grams of 18K gold are now priced at Rs 1,20,070, lower by Rs 1,680 from Rs 1,21,750. The price of 100 grams stands at Rs 12,00,700, representing a decline of Rs 16,800 from Rs 12,17,500.

Silver Rate Today in India: Silver Falls for Second Straight Session

Silver prices continued to weaken after touching multi-month highs earlier in the week. The price of silver in India declined to Rs 290 per gram from Rs 300, a drop of Rs 10 per gram.

Eight grams of silver are now priced at Rs 2,320, down Rs 80 from Rs 2,400. Ten grams cost Rs 2,900, reflecting a decline of Rs 100 from Rs 3,000. The price of 100 grams has fallen to Rs 29,000 from Rs 30,000, while one kilogram of silver is now priced at Rs 2,90,000, down sharply by Rs 10,000 from Rs 3,00,000.

Why Gold and Silver Prices Are Falling Today

After an extraordinary rally triggered by the government's decision to raise customs duty on gold and silver imports to 15% from 6%, precious metals are witnessing a healthy correction as traders lock in profits.

At the same time, global investors are reacting to developments in United States-China trade talks, fresh inflation readings, monetary policy expectations in the United States, and signs of softer physical demand in India after the recent price spike.

Silver, Gold Prices Forecast Ahead

"The gold/silver ratio collapsed from 62 to ~55 in a week. Trump-Xi talks in Beijing addressed trade, Taiwan, AI, and Iran. On the macro front, U.S. CPI hit 3.8% and PPI surged to multi-year highs on Iran-driven energy costs, fully eliminating Fed rate cut expectations for 2026. Gold slipped to ~$4,680 and remains range-bound between $4,650-$4,780. Silver has met its $90 target; next resistance sits at $92," said Mr. Prithviraj Kothari, MD at RiddiSiddhi Bullions Ltd., President of India Bullion and Jewellers Association Ltd.

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