Gold rates continue to remain volatile today (Friday, May 15, 2026) amid changes in global bullion trends and domestic demand. Gold prices witnessed a decline on May 15, 2026, with rates falling across major jewellery brands and IBJA after rising sharply two days ago. The latest rates issued by the India Bullion and Jewellers Association (IBJA) also indicated a decline in both gold and silver prices compared to the previous session.
Kaynat Chainwala, AVP Commodity Research, Kotak Securities says, "Gold and silver remained under pressure today, weighed down by a hawkish macro repricing increasingly traced to the US-Iran conflict. Spot gold traded near $4,570 per ounce, around 4% below its recent high of $4,773, while silver tumbled roughly 6% to $78, about 13% off its recent $89.30 peak, as hotter-than-expected inflation data and a firmer dollar stripped momentum from both metals. The catalyst was a bruising week of US price data: consumer inflation rose to 3.8% in April, the highest since May 2023, while wholesale prices accelerated at their fastest pace since 2022, both prints driven substantially by energy costs flowing from Hormuz supply disruptions. Markets have now priced out Fed rate cuts entirely, assigning instead a one-in-three probability of a hike by December. It is the rate and dollar implications of that inflation, not the inflation itself, that the market is trading, with higher real yields and a stronger dollar capping the non-yielding metal’s upside. India’s decision to raise import tariffs on gold and silver from 6% to 15% added a further demand headwind, threatening to curtail one of the market’s most reliable physical-buying cushions."
Gold prices today (May 15, 2026)
Check the latest gold prices at leading jewellery brands such as Tanishq, Malabar Gold & Diamonds, Kalyan Jewellers and Joyalukkas today. Also see the latest retail jewellery prices of gold and silver at IBJA.
22k gold price at Tanishq today
Tanishq's current price for 22k gold jewellery is Rs 14,720 per gram as of May 15, 2026, in New Delhi, Mumbai, Chennai, Kolkata and Bengaluru. The price of the same variety of gold on May 14, 2026, was Rs 14,845.
22k gold rate at Joyalukkas today
The current price for 22k gold jewellery at Joyalukkas is Rs 14,675 per gram as of May 15, 2026, in New Delhi, Mumbai, Chennai, Kolkata and Bengaluru. The price of the same variety of gold on May 14, 2026 was Rs 14,880.
22k gold rate at Kalyan Jewellers today
The latest price for 22k gold jewellery at Kalyan Jewellers is Rs 14,550 per gram as of May 14, 2026, in New Delhi, Mumbai, Chennai, Kolkata and Bengaluru.
22k gold price at Malabar Gold & Diamonds
Malabar Gold & Diamonds' latest price for 22k gold jewellery is Rs 14,550 per gram as of May 15, 2026, in New Delhi, Mumbai, Chennai, Kolkata and Bengaluru. The price of the same variety of gold on May 14, 2026 was Rs 14,880.
Note: All rates are updated as per jewellery brands' respective websites at 1:21 pm, May 15, 2026. The rates may change during the day and can vary depending on a state, tax structures and other applicable charges.
IBJA’s indicative retail selling rates for gold jewellery – May 15, 2026 (AM rates)
- Fine Gold (999) – Rs 15,816
- 22 KT – Rs 15,436
- 20 KT – Rs 14,076
- 18 KT – Rs 12,811
- 14 KT – Rs 10,201
- Silver (999) – Rs 2,67,500
The above rates are without 3% GST and making charges.
IBJA’s indicative retail selling rates for gold jewellery – May 14, 2026 (PM rates)
- Fine Gold (999) – Rs 16,116
- 22 KT – Rs 15,729
- 20 KT – Rs 14,343
- 18 KT – Rs 13,054
- 14 KT – Rs 10,395
- Silver (999) – Rs 2,87,193
The above rates are without 3% GST and making charges.
| Metal | 15 May 2026 (AM) | 14 May 2026 (PM) | Change |
| Fine Gold (999) | Rs 15,816 | Rs 16,116 | -Rs 300 |
| 22 KT | Rs 15,436 | Rs 15,729 | -Rs 293 |
| 20 KT | Rs 14,076 | Rs 14,343 | -Rs 267 |
| 18 KT | Rs 12,811 | Rs 13,054 | -Rs 243 |
| 14 KT | Rs 10,201 | Rs 10,395 | -Rs 194 |
| Silver (999) | Rs 2,67,500 | Rs 2,87,193 | -Rs 19,693 |
