Gold Prices Drop Across Major Indian Cities on May 15, 2025

Gold prices in India witnessed a sharp decline today, continuing a downward trend seen over the past two days. The price of 24-karat gold fell by ₹213 per gram, while 22-karat gold dropped by ₹195 per gram. This decline is attributed to global market fluctuations, easing inflation concerns, and reduced demand for safe-haven assets.

Gold Prices in Major Cities

The latest gold rates across India's key cities are as follows:

• Mumbai: ₹88,190 per 10 grams (22K), ₹96,200 per 10 grams (24K).
• Delhi: ₹88,819 per 10 grams (22K), ₹96,620 per 10 grams (24K).
• Chennai: ₹88,804 per 10 grams (22K), ₹96,605 per 10 grams (24K).
• Bengaluru: ₹88,804 per 10 grams (22K), ₹96,605 per 10 grams (24K).
• Kolkata: ₹88,804 per 10 grams (22K), ₹96,605 per 10 grams (24K).
• Hyderabad: ₹88,804 per 10 grams (22K), ₹96,605 per 10 grams (24K).

Reasons Behind the Price Drop

Experts suggest that the decline in gold prices is due to multiple factors:

1. Global Market Trends: A softer-than-expected U.S. inflation report has reduced demand for gold as a hedge against inflation.
2. Strengthening Rupee: The Indian rupee has gained against the U.S. dollar, making gold imports cheaper.
3. Investor Sentiment: Improved trade relations between the U.S. and China have led investors to shift towards equities, reducing gold's appeal.

Impact on Buyers and Investors

The drop in gold prices presents an opportunity for buyers, especially those planning purchases for weddings and investments. However, analysts caution that gold prices remain volatile and could rebound based on global economic shifts.