Gold and Silver Price Today in India, 15 May 2026: Silver Crashes ₹9,000 Overnight, Gold Holds at ₹1.62 Lakh. Here Is Why
The silver price today in India is ₹2,90,000 per kg, falling sharply after COMEX silver crashed nearly 6% overnight. The gold price today in India is ₹16,265 per gram for 24-carat gold, broadly steady but under pressure.
Both metals are correcting after a historic two-day surge driven by India's import duty hike and Iran tensions. MCX silver has plunged ₹8,988 or 2.99% to ₹2,91,250/kg, whilst COMEX silver is down $5.33 or 5.97% to $84.04 per ounce. The trigger is a combination of profit-booking after last week's record rally and easing geopolitical signals from the US-Iran front.
Gold and Silver Price Today in India - Key Highlights
| Metric | Gold 24K | Silver 999 |
|---|---|---|
| Spot Price (per 10g / per kg) | ₹1,62,650 | ₹2,91,760 |
| Change vs Yesterday | 🔴 ▼ Flat/soft | 🔴 ▼ ₹8,988 (−2.99%) |
| Retail per gram | ₹16,265 | ₹292 (Bullions) / ₹290 (Goodreturns) |
| MCX Gold (June 2026) | ₹1,62,003/10g | — |
| MCX Gold Change | 🟢 ▲ +₹25 (+0.02%) | — |
| MCX Silver (July 2026) | — | ₹2,91,250/kg |
| MCX Silver Change | — | 🔴 ▼ −₹8,988 (−2.99%) |
| COMEX Gold | $4,655.80/oz | — |
| COMEX Gold Change | 🔴 ▼ −$50.90 (−1.08%) | — |
| COMEX Silver | $84.04/oz | — |
| COMEX Silver Change | 🔴 ▼ −$5.33 (−5.97%) | — |
| Gold-Silver Ratio | ~55.4:1 | — |
| Crude Oil (Brent) | $107.00/barrel | — |
| USD/INR | ₹95.93 | — |
| Last Updated | 15 May 2026, 09:00 IST | 15 May 2026, 09:00 IST |
Gold Price Today in India (24K, 22K, per gram and 10g)
The gold price today in India is ₹16,265 per gram for 24-carat gold and ₹14,910 per gram for 22-carat gold. On a per-10g basis, 24K gold stands at ₹1,62,650. Goodreturns shows 22K gold at ₹14,675 per gram as of the morning update.
MCX gold (June 2026) is virtually flat at ₹1,62,003/10g, up just ₹25 or 0.02% from the previous close of ₹1,61,978. The intraday range has been ₹1,61,027 to ₹1,63,055.
Gold's relative stability today is impressive. It held its ground even as silver collapsed 6% on COMEX, confirming gold's stronger safe-haven status in uncertain times. Year-on-year, gold is up 73.73% from ₹93,620/10g in May 2025.
| Purity | Per Gram (₹) | Per 10g (₹) | Per 100g (₹) | Change vs Yesterday |
|---|---|---|---|---|
| 24 Karat (999) | 16,265 | 1,62,650 | 16,26,500 | 🔴 ▼ Flat |
| 22 Karat | 14,910 | 1,49,096 | 14,90,958 | 🔴 ▼ Flat |
| 20 Karat | 13,554 | 1,35,542 | 13,55,417 | 🔴 ▼ Flat |
| 18 Karat | 12,199 | 1,21,988 | 12,19,875 | 🔴 ▼ Flat |
| 14 Karat | 9,488 | 94,879 | 9,48,792 | 🔴 ▼ Flat |
Silver Price Today in India (per gram and per kg)
The silver price today in India is ₹290 per gram and ₹2,90,000 per kilogram on Goodreturns' morning feed. Bullions.co.in (02:30 AM) shows ₹2,91,760/kg for 999 fine silver.
MCX silver (July 2026) has crashed ₹8,988 or 2.99% to ₹2,91,250/kg. The intraday low touched ₹2,86,805, and the intraday high was ₹2,99,000. On COMEX, silver has fallen a dramatic 5.97% overnight.
Despite today's sharp correction, silver is still up 203.79% year-on-year from ₹96,040/kg in May 2025. It is also up 11.22% from one week ago at ₹2,62,330/kg.
| Unit | Silver 999 Fine (₹) | Silver 925 Sterling (₹) | Silver 900 Coin (₹) | Change vs Yesterday |
|---|---|---|---|---|
| 1 gram | 292 | 270 | 263 | 🔴 ▼ −5 |
| 10 grams | 2,918 | 2,699 | 2,626 | 🔴 ▼ −52 |
| 100 grams | 29,176 | 26,988 | 26,258 | 🔴 ▼ −515 |
| 1 kg (999 fine) | 2,91,760 | 2,69,878 | 2,62,584 | 🔴 ▼ −8,988 |
| 1 ounce | 8,271 | 7,651 | 7,444 | 🔴 ▼ |
| 1 tola | 3,403 | 3,148 | 3,063 | 🔴 ▼ |
City-Wise Gold and Silver Rates Today (15 May 2026)
Goodreturns shows silver at ₹2,90,000/kg and 22K gold at ₹14,675/gram across major Indian cities this morning. Chennai retains its usual small premium over other metros. All rates below are indicative and include local levies.
| City | Silver 999 (₹/kg) | Silver (₹/g) | Gold 24K (₹/10g) | Gold 22K (₹/10g) | vs Yesterday |
|---|---|---|---|---|---|
| Delhi | 2,90,000 | 290 | 1,62,650 | 1,46,750 | 🔴 ▼ Silver down |
| Mumbai | 2,90,000 | 290 | 1,62,500 | 1,46,600 | 🔴 ▼ Silver down |
| Chennai | 2,90,000 | 290 | 1,64,200 | 1,48,300 | 🔴 ▼ Silver down |
| Hyderabad | 2,90,000 | 290 | 1,62,500 | 1,46,600 | 🔴 ▼ Silver down |
| Bengaluru | 2,90,000 | 290 | 1,62,500 | 1,46,600 | 🔴 ▼ Silver down |
| Kolkata | 2,90,000 | 290 | 1,62,500 | 1,46,600 | 🔴 ▼ Silver down |
| Pune | 2,90,000 | 290 | 1,62,500 | 1,46,600 | 🔴 ▼ Silver down |
| Ahmedabad | 2,90,000 | 290 | 1,62,550 | 1,46,650 | 🔴 ▼ Silver down |
| Surat | 2,90,000 | 290 | 1,62,550 | 1,46,650 | 🔴 ▼ Silver down |
| Jaipur | 2,90,000 | 290 | 1,62,650 | 1,46,750 | 🔴 ▼ Silver down |
Muskaan Kapoor
MCX Gold and Silver Prices Today (15 May 2026)
MCX gold (June 2026) is trading at ₹1,62,003/10g, up just ₹25 or 0.02% from the previous close of ₹1,61,978. The session range so far is ₹1,61,027 to ₹1,63,055.
MCX silver (July 2026) has crashed to ₹2,91,250/kg, down ₹8,988 or 2.99% from the previous close of ₹3,00,238. The intraday low was ₹2,86,805, and the high was ₹2,99,000.
| Contract | Price (₹) | Change | % Change | Intraday High | Intraday Low | Prev. Close |
|---|---|---|---|---|---|---|
| MCX Gold — June 2026 | 1,62,003/10g | 🟢 ▲ +25 | 🟢 +0.02% | 1,63,055 | 1,61,027 | 1,61,978 |
| MCX Silver — July 2026 | 2,91,250/kg | 🔴 ▼ −8,988 | 🔴 −2.99% | 2,99,000 | 2,86,805 | 3,00,238 |
The contrast today is stark. Gold is essentially flat on MCX, while silver is down nearly 3%. This gold-silver divergence reflects a market that is still uncertain about geopolitics but less willing to hold the more volatile silver at these elevated price levels.
Global Gold and Silver Prices - COMEX and Spot (15 May 2026)
| Commodity | Exchange | Price (USD) | Change | % Change | High | Low |
|---|---|---|---|---|---|---|
| Gold Futures | COMEX | $4,655.80/oz | 🔴 ▼ −$50.90 | 🔴 −1.08% | $4,725.80 | $4,649.30 |
| Silver Futures | COMEX | $84.04/oz | 🔴 ▼ −$5.33 | 🔴 −5.97% | $89.17 | $83.63 |
| Gold-Silver Ratio | — | ~55.4:1 | 🟢 ▲ Rising | — | — | — |
| Crude Oil (Brent) | — | $107.00/barrel | 🔴 ▼ Soft | — | — | — |
| USD/INR | — | ₹95.93 | 🔴 ▼ Rupee weak | — | — | — |
The gold-silver ratio has jumped back to ~55.4:1 from ~53:1 yesterday. A rising ratio means gold is outperforming silver. This is a rapid reversal from earlier in the week when the ratio was tightening sharply. Silver's 5.97% COMEX crash overnight is one of the biggest single-day drops in weeks.
What Is Driving Gold and Silver Prices Today? (15 May 2026)
1. Silver profit-booking after historic two-day rally
Silver surged over 12% in just two sessions (13-14 May) on the back of India's import duty hike and Iran tensions. That kind of sharp move always brings profit-booking. COMEX silver peaked at $89.17 overnight before crashing to $83.63. Traders who bought on the news are now locking in gains, and that selling has pushed prices down sharply.
2. US-Iran ceasefire signals reducing panic
Silver and gold fell from one-month highs as the threat of fresh conflict between the US and Iran over the Strait of Hormuz eased slightly. Tehran declared the Strait of Hormuz open to all shipping, though it then reversed that position at the weekend. Any movement toward a ceasefire extension or dialogue reduces the immediate safe-haven premium that was built into both metals over the past week.
3. COMEX silver volume concerns
Since the Iran war began, silver futures and options volume on COMEX has sunk by 60% compared with the first two months of the year. Lower liquidity means bigger price swings in both directions. Yesterday's surge to $89.17 and today's crash to $83.63 reflects thin markets overreacting to news flow.
4. Stronger dollar and higher rupee cost
The US dollar is at ₹95.93 today, slightly firmer than yesterday. A stronger dollar typically pressures dollar-priced metals. With silver already at historic highs, even a small dollar move can trigger outsized selling.
5. Gold is holding firm, here is why
Gold's near-flat performance today versus silver's 3% MCX crash shows the two metals are responding differently to the same environment. Gold continues to hold safe-haven demand from long-term investors and central banks, whilst silver, being more of an industrial and speculative metal, is more exposed to short-term profit-booking. Analysts maintain a bullish medium-to-long term view on gold, citing elevated geopolitical risk, rising fiscal deficits and continued central bank diversification as supportive factors
Gold vs Silver Performance – Trend Analysis
| Date | Silver 999 (₹/kg) | Gold 24K (₹/10g) | MCX Silver (₹/kg) | MCX Gold (₹/10g) | Move |
|---|---|---|---|---|---|
| 15 May 2026 | 2,91,760 | 1,62,650 | 2,91,250 | 1,62,003 | 🔴 ▼ Silver crashes, Gold flat |
| 14 May 2026 | 3,00,000–3,10,000 | 1,62,010 | ~2,95,805 | ~1,62,270 | 🟢 ▲ Both surge |
| 13 May 2026 | 2,96,910 | 1,63,000 | 2,96,439 | 1,62,375 | 🟢 ▲ +6.2% / +5.84% |
| 12 May 2026 | 2,79,570 | 1,54,010 | 2,79,062 | 1,53,442 | 🔴 ▼ Both fall |
| 8 May 2026 | 2,62,330 | 1,53,120 | — | — | 🟢 ▲ |
| 15 Apr 2026 | 2,52,550 | 1,54,250 | — | — | — |
| 15 May 2025 | 96,040 | 93,620 | — | — | — |
Silver is up 11.22% from one week ago and up 15.53% from one month ago. Gold is up 6.22% from one week ago and up 5.45% from one month ago. Year-on-year, silver has surged 203.79%, and gold has gained 73.73%.
Even after today's correction, silver has delivered extraordinary returns to investors who held for a year.
Gold and Silver Price Outlook
Today's silver correction is sharp but not unusual after a 12%+ two-day rally. The import duty hike is a permanent structural change. That means domestic prices will remain structurally higher than global spot prices. The question is how quickly markets find the new equilibrium.
| Factor | Direction | Impact |
|---|---|---|
| 15% import duty (permanent) | 🔴 Structural floor | 🟢 Higher domestic prices |
| COMEX silver crash 5.97% | 🔴 Bearish overnight | 🔴 MCX silver selling pressure |
| US-Iran ceasefire signals | 🟢 Easing slightly | 🔴 Reduces safe-haven premium |
| Crude oil at $107/barrel | 🟢 Still elevated | 🟢 Inflation hedge demand intact |
| Gold flat on MCX | 🟢 Resilient | 🟢 Safe-haven demand holding |
| COMEX silver volume low | 🔴 Thin markets | 🔴 Bigger price swings |
Near-term support for MCX silver is at ₹2,80,000–₹2,85,000/kg. A close below ₹2,80,000 could signal a deeper correction. For MCX gold, ₹1,60,000 remains the key support level to watch.
This is for informational purposes only. Please consult a financial adviser before making investment decisions.
FAQs
What is the gold price today in India per gram?
The gold price today in India is ₹16,265 per gram for 24-carat gold and ₹14,910 per gram for 22-carat gold as of 15 May 2026 (02:30 AM IST, Bullions.co.in). Goodreturns shows 22K at ₹14,675 per gram on their morning feed.
What is the silver price today in India per kg?
The silver price today in India is ₹2,90,000 per kg on Goodreturns and ₹2,91,760/kg on Bullions.co.in as of 15 May 2026. Silver has crashed sharply from yesterday's peak above ₹3,10,000/kg in Mumbai. The drop reflects COMEX silver falling nearly 6% overnight and profit-booking after a two-day historic rally.
Why is silver falling today while gold is steady?
Silver's 6% COMEX crash overnight is driven by profit-booking after a two-day 12% surge, easing US-Iran ceasefire signals, and thin trading volumes on COMEX. Gold is holding steady because long-term safe-haven demand from investors and central banks is more resilient. Silver is more sensitive to speculative positioning and short-term news, which makes it more volatile in both directions.
Is now a good time to buy silver after the crash?
Silver has corrected sharply but remains at historically elevated levels, up over 200% year-on-year. The 15% import duty in India creates a permanently higher price floor. Near-term support is at ₹2,80,000–₹2,85,000/kg on MCX. Whether prices recover depends largely on US-Iran developments this week. Please consult a qualified financial adviser before making investment decisions.
