Gold Prices Dip Across Major Indian Cities on May 15: Is This the Perfect Buying Opportunity?

Image Source: Business Today

Gold prices eased across India’s top metros on May 15, 2025, providing some respite to buyers after a period of sustained highs. The drop comes amid positive global cues, including progress in US-China trade talks and a softer dollar, which have collectively pressured gold rates downward.

City-wise Gold Rates (per 10 grams):

Mumbai: ₹88,190 (22K), ₹96,200 (24K)
Delhi: ₹88,200 (22K), ₹96,210 (24K)
Bengaluru: ₹88,100 (22K), ₹96,110 (24K)
Chennai: ₹88,200 (22K), ₹96,210 (24K)
Hyderabad: ₹88,050 (22K), ₹96,060 (24K)
Kolkata: ₹88,200 (22K), ₹96,210 (24K)

Market Movement:

Gold prices fell by around ₹56 per gram compared to the previous day, reflecting a 0.68% decline on the MCX to ₹91,633 per 10 grams. Silver also tracked lower, trading at ₹94,513 per kg.

Chennai Snapshot:

In Chennai, gold dropped to ₹8,805 per gram (22K), with a sovereign (8 grams) priced at ₹70,440, down ₹400 from the previous day.

What’s Driving the Drop?

The decline is attributed to easing global inflation fears, a stronger rupee, and improving international trade sentiment. Seasonal demand from weddings and festivals continues, but global cues are currently holding sway.

Investor Insight:

With gold prices cooling from recent peaks, analysts suggest this could be a favorable window for buyers and investors looking to enter the market or add to their holdings.

Sources: News18, Gadgets360, DTNext, ABP Live, Wristmart