Gold Price India Outlook: 24K, 22K, 18K Gold Rate Rally Continues, Silver Down | May 15 To Bring Another Jump?

Gold Price Outlook: The prices of 24 karat, 22 karat, and 18 karat gold in India extended their gains on Thursday after witnessing a record surge in the previous session. Silver prices in India also defied the trend and saw some correction. However, domestic commodity prices remained elevated due to a weakening Indian rupee and the recent hike in import tariffs. Meanwhile, international gold prices saw some correction after rallying sharply last week.

Back in India, as investors gear up for Friday's trading session, here are the key factors that could influence the trajectory of domestic gold prices today, May 15.

Gold Rate in India

The price of 24 karat gold in India increased by Rs 33 per gram to Rs 16,233 per gram, as per Goodreturns data at 4:20 pm on Thursday, May 14. Which means that per 10 gram of gold became expensive by Rs 330 to Rs 1,62,330. The rate of 22 karat gold in India surged by Rs 30 per gram to Rs 14,880 per gram, equivalent to Rs 300 per 10 gram jump to Rs 1,48,800. The rate of 18 karat gold in India surged by Rs 25 per gram to Rs 12,175 per gram.

Silver Rate in India

The price of silver in India also saw a decent decline on Thursday. Silver rate in India fell to Rs 300 per gram and to Rs 3,00,000 per kilogram on Thursday, May 14, as per Goodreturns data. The week marked silver price in India's re-entry in the Rs 3 lakh/kg territory after two months.

Gold, Silver Price Outlook

Godl and silver rates in India today are likely to remain volatile as the Indian Rupee factor remains uncertain. Meanwhile, international gold rates are expected to see range-bound movement as the market is eliminating the possibility of a Fed rate cut in 2026.

Gold and silver price in India is likely to surge in the long-term as safe-haven buying and geopolitical tensions will impact the investors' sentiment. "Gold's outlook for May 2026 will be shaped primarily by the trajectory of the Middle East conflict, whether it stabilises or intensifies and by the Federal Reserve's evolving response to inflationary pressures," as per Quantum Mutual Fund report.

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