Gold Price: In the bullion market, 24 carat gold became cheaper by Rs 2375 per 10 grams in one go and opened at Rs 91484 today. Whereas, silver fell by Rs 2279 and opened at Rs 94103 per kg.
Gold Price: A big change is being seen in the price of gold and silver today i.e. Thursday, May 15. In the bullion markets, 24 carat gold became cheaper by Rs 2375 per 10 grams in one stroke and opened at Rs 91484 today. Whereas, silver fell by Rs 2279 to open at Rs 94103 per kg. The rates of bullion market have been released by India Bullion and Jewelers Association (IBJA), in which GST is not levied. It is possible that there is a difference of Rs 1000 to Rs 2000 in your city. IBJA releases the rate twice a day. Once around 12 noon and second around 5 pm. Right now this rate is of afternoon.
What is the price with GST
With GST today gold is being sold at the rate of Rs 94228 per 10 grams and silver at the rate of Rs 96926 per kg. In bullion markets, gold has become cheaper by Rs 7616 from its all-time high. On April 22, 2025, gold was at an all-time high of Rs 99100 per 10 grams.
This year gold has become expensive by about Rs 15744 and silver by Rs 8086. On 31 December 24, gold opened at a rate of Rs 76045 per 10 and silver at Rs 85680 per kg. On this day gold closed at Rs 75740. Silver also closed at Rs 86017 per kg. Gold from its all time high
According to IBJA rates, 23 carat gold also became cheaper by Rs 2365 today and opened at Rs 91118 per 10 grams. At the same time, the average spot price of 22 carat gold fell by Rs 2176 around 12:15 pm and opened at Rs 83799 per 10 grams. The price of 18 carat gold has also become cheaper by Rs 1781 and has come down to Rs 48613 per 10 grams. Whereas, the price of 14 carat gold has fallen by Rs 1390 to Rs 53518.
Amid strengthening of the dollar, reducing concerns of trade war and tension between India and Pakistan, the price of gold fell in the domestic futures market on Thursday morning. It has come down to a 5-week low. Gold June futures on MCX have fallen by Rs 7,900 from its all-time high of Rs 99,358 per 10 grams. Today it fell by Rs 804 or 0.97% to an intraday low of Rs 91,461 per 10 grams.
Earlier on Wednesday, gold and silver closed with weakness in domestic and international markets. Gold June futures fell by 1.48% to Rs 92,265 per 10 grams and silver July futures contract fell by 1.34% to Rs 95,466 per kg.
Why is the price falling?
The US and China trade deal has changed the sentiment of the bullion markets. Traders and investors are closing their long positions and booking profits.
“Gold and silver prices also declined due to moderation in US CPI inflation in the month of April and low chances of Fed rate cuts in June policy meetings,” Manoj Kumar Jain of PrithviFinmart Commodity Research told ET. US 10-year bond yields also rose and crossed the 4.50% mark and this helped pull gold and silver prices down.
How much cheaper will it be going ahead
“Gold and silver prices are expected to remain volatile this week due to fluctuations in the dollar index and ahead of key global economic data. In today’s session, gold has support at $3,164-3,140, while resistance is at $3,210-3,234 per troy ounce, and silver has support at $32.10-31.80, while resistance is at $32.74-33.00 per troy ounce,” Jain said. Jain said that MCX gold has support at Rs 91,770-91,360 and resistance at Rs 92,650-93,100, while silver has support at Rs 94,800-94,200 and resistance at Rs 96,000-96,650.
Mehta Equities Vice President (Commodities) Rahul Kalantri said that gold is getting support at $3,130-3,100. While, the resistance is at $3,200-3,220. Silver has support at $31.75-31.55 while the resistance is at $32.30-32.65. In the domestic market, gold has support at Rs 91,350-90,780, while the resistance is at Rs 92,450-92,690. Silver has support at 94,380-93,550, while resistance is at 95,950-96,750.
