Gold & Silver Prices Today, 15 May 2025: Gold at Rs 91,150/10g, Silver at Rs 94,143/kg; check city-wise gold rate

Gold & Silver Prices Today, 15 May 2025: Gold and silver prices saw sharp declines on Wednesday, both globally and in domestic markets, as easing geopolitical tensions and rising investor risk appetite dampened demand for safe-haven assets.

On the Multi Commodity Exchange (MCX), gold futures for June delivery fell by Rs 1,323 or 1.39 per cent, closing at Rs 91,150 per 10 grams. Meanwhile, silver futures for May delivery dropped Rs 1,115 or 1.21 per cent, ending the session at Rs 94,143 per kilogram.

Globally, spot gold tumbled over 2 per cent to a one-month low, hitting $3,181.62 an ounce as of 17:55 GMT, after dipping as low as $3,174.62 earlier in the day. US gold futures settled at $3,188.30, down 1.8 per cent. Silver also fell, with spot prices down 1.9 per cent to $32.25 an ounce.

Market analysts attributed the sharp decline in precious metals to renewed trade optimism following an agreement between the US and China to drastically reduce tariffs and implement a 90-day pause in further trade actions. US President Donald Trump hinted at direct negotiations with Chinese President Xi Jinping and indicated potential trade deals with India, Japan, and South Korea.

“The global relief rally sparked by the steep reduction in US-China tariffs has triggered a correction through technical levels in gold,” said Tai Wong, an independent metals trader.

Domestically, gold and silver mirrored the international trend. MCX gold June futures settled at ₹92,265 per 10 grams, down 1.48 per cent, while silver July futures closed at ₹95,466 per kilogram, falling 1.34 per cent.

“Gold and silver were unable to hold their previous session’s gains and plunged again amid easing safe-haven demand,” said Manoj Jain, Director at India Nivesh. He added that the shift in sentiment caused by the US-China negotiations has led investors to unwind long positions and book profits.

Adding pressure, US inflation data showed easing CPI in April, reducing expectations of a Federal Reserve interest rate cut in June. Meanwhile, the yield on US 10-year Treasury bonds rose above 4.50 per cent, further denting gold’s appeal as a non-yielding asset.

Despite the dip, analysts note that gold remains up 21.3 per cent year-to-date, having touched a record high of $3,500.05 last month. Some traders anticipate continued bearish momentum in the short term.

“While the long-term trend is still bullish, I wouldn’t be surprised if the bearish momentum continued for a few more days,” said Fawad Razaqzada, market analyst at City Index and FOREX.com. He identified support levels at $3,136, $3,073, and $3,000.

Other precious metals also saw losses. Platinum fell 0.6 per cent to $982.05, and palladium dropped 0.3 per cent to $954.36.

The dollar index showed high volatility, closing at 100.92 with a 0.12 per cent gain, while the USD-INR 28 May futures settled slightly higher at 85.3750. The rupee remained volatile, influenced by global currency movements and domestic equity gains.

Looking ahead, all eyes are on the upcoming US producer price index (PPI) data due Thursday, which could influence the Federal Reserve’s next policy move. Market participants expect continued volatility across precious metals and currencies in the days ahead.

Retail Gold Prices Across Major Indian Cities (May 15, 2025):

Gold Price in Mumbai:
In Mumbai, the price of 22-karat gold stood at Rs 8,804 per gram, while 24-karat gold was priced at Rs 9,606 per gram.

Gold Price in Delhi:
The national capital recorded 22K gold at Rs 8,819 per gram, with 24K gold available at Rs 9,620 per gram.

Gold Price in Chennai:
Gold rates in Chennai were slightly lower, with 22K gold at Rs 8,804 per gram and 24K gold at Rs 9,606 per gram.

Gold Price in Kolkata:
In Kolkata, 22-karat gold was priced at Rs 8,804 per gram, and 24-karat gold was selling at Rs 9,606 per gram.

Gold Price in Bengaluru:
Bengaluru saw 22K gold trading at Rs 8,804 per gram, while 24K gold was available at Rs 9,606 per gram.

Gold Price in Kerala:
Pune saw 22K gold trading at Rs 8,804 per gram, while 24K gold was available at Rs 9,606 per gram.