Gold Rates & Silver Rates Today (15-05-2026) Live: MCX Gold Falls By 2%, Silver Price Crashes By Rs 18,900

Gold rates and silver rates in India dropped sharply on May 15, 2026. MCX gold dropped by 2% to hit below the Rs 1.59 lakh mark. But MCX silver witnessed its worst performance, crashing nearly 7% to hit below the Rs 2.73 lakh mark. The performance is due to weak spot gold and spot silver, which erased pivotal levels. Investors are panic selling as US-Iran peace talks are stalled and Strait of Hornuz continues to be closed.

Spot gold slipped below $4,600 per ounce and spot silver crashed below $79 per ounce. This is due to sharp hike in crude oil prices with US WTI crude trading near 103 per barrel and Brent Crude rising near 107 per barrel.

Safe haven assets are pressured after the US inflation data that fueled concerns of rate hikes from US Federal Reserve in 2026.

Gold and silver also faced sharp selloffs due to strong surge in US dollar which is above 99 mark and is racing towards 100 mark.

Data released earlier this week showed US wholesale inflation surged at its fastest pace since 2022 in April, while consumer prices posted their largest increase since 2023. Inflationary pressures have been driven largely by the prolonged Middle East conflict and the near-shutdown of the critical Strait of Hormuz, which has severely disrupted global energy shipments. Markets have now fully ruled out a Fed rate cut this year, with some traders increasingly pricing in the possibility of a rate hike by December. Meanwhile, President Trump met with Chinese President Xi Jinping, discussing efforts to keep Hormuz open to preserve energy trade. Separately, India tightened gold import regulations further as authorities intensified measures to support the rupee, as per Trading Economics.

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May 15, 2026, 11:52 am IST

Silver Rates Today Live Updates: MCX Silver Extends Crash

MCX silver extended its fall by Rs 18,835 to hit an intraday low of Rs 2,72,267 per 1Kg, as spot silver dropped by 7%. At the time of writing, spot silver traded at Rs 2,75,740 per 1kg, recoridng a decline of Rs 15,362 or 5.3%

May 15, 2026, 11:50 am IST

Gold Rates Today Live Updates: MCX Gold Price Nosedives

MCX gold price plunged sharply by 2% to hit an intraday low of Rs 1,58,851 per 10 grams, further extending its losses. At the time of writing, MCX gold traded at Rs 1,59,430 per 10 grams, which is Rs 2,548 drop or 1.6% downside.

May 15, 2026, 11:47 am IST

Forex Market Live Updates: US Dollar Races Toward 100 Mark

The dollar index climbed to around 99 on Friday and was on track to post a weekly gain of more than 1%, supported by mounting inflationary pressures that strengthened expectations for a Federal Reserve rate hike later this year. Data released earlier in the week showed US wholesale inflation accelerated at its fastest pace since 2022 in April, while consumer prices recorded their biggest increase since 2023 amid renewed price pressures stemming from the energy shock linked to the Iran conflict, as per Trading Economics.

May 15, 2026, 11:46 am IST

Oil Prices Today Live Updates: Brent Crude Jumps 2%

Brent crude soared by 2% to trade near 8 per barrel mark and was on the path to witness 5% surge this week. As per Trading Economics, he key shipping route remains under a dual blockade that has emerged as a central obstacle in negotiations, with President Donald Trump saying the current ceasefire was on “massive life support” after dismissing Tehran’s latest response to his peace proposal. Meanwhile, the IEA reported that crude and fuel flows through the Strait of Hormuz dropped by around 4 million barrels per day in March and April, warning that the global oil market could stay materially undersupplied through October even if the conflict is resolved next month.

May 15, 2026, 11:44 am IST

Oil Prices Today Live Updates: US WTI Crude Oil Rallies

US WTI Crude oil price surged by nearly 2.5% to trade between 3-104 per barrel. This crude was on the track to record over 7% surge in the current week. Oil prices picked up momentum after any diplomatic attempts to end the US-Iran war continued to stall and crushed hopes of peace in Middle East. Also, Strait of Hormuz continues to stay close and the key shipping passage continues to witness dual blockade, which has heightened energy crisis.

May 15, 2026, 11:41 am IST

Silver Rates Today Live Updates: Spot Silver Crashes Sharply

Spot silver nosedived by nearly 7% to trade around per ounce. This will be the second consecutive decline as weakness across the broader metals complex intensified amid rising concerns over US inflation and potential rate hikes.

May 15, 2026, 11:38 am IST

Gold Rates Today Live Updates: Spot Gold Falls 2%

Spot gold price dropped by nearly 2% to fell below ,570 per ounce. According to Trading Economics, Gold weakened toward ,600 an ounce on Friday and was on track to fall about 2% for the week, pressured by accelerating US inflation that fueled concerns the Federal Reserve may need to keep interest rates elevated or even hike them. Data released earlier this week showed US wholesale inflation surged at its fastest pace since 2022 in April, while consumer prices posted their largest increase since 2023.