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Gold prices in India saw a modest uptick on May 15, 2025, after cooling off in the past week. The rate for 24-carat gold stood at Rs 9,408 per gram in Delhi. Similar trends were seen across other cities, signalling renewed buying interest after a phase of profit booking.
But the bigger question for investors remains: Is this the start of another rally, or just a pause before more correction?
Gold rates today (May 15, 2025)
| City | 22K (Rs /gm) | 24K (Rs /gm) | 18K (Rs /gm) |
|---|---|---|---|
| Chennai | Rs 8,610 | Rs 9,393 | Rs 7,095 |
| Mumbai | Rs 8,610 | Rs 9,393 | Rs 7,045 |
| Delhi | Rs 8,625 | Rs 9,408 | Rs 7,057 |
| Kolkata | Rs 8,610 | Rs 9,393 | Rs 7,045 |
| Bangalore | Rs 8,610 | Rs 9,393 | Rs 7,045 |
| Hyderabad | Rs 8,610 | Rs 9,393 | Rs 7,045 |
| Source: Goodreturns | |||
What's driving gold prices now
Gold prices are currently navigating mixed signals:
- Global cues : Spot gold is trading near $2,370/oz, up slightly after US inflation data came in below expectations, easing fears of aggressive rate hikes.
- Rupee impact : A relatively stable rupee has kept import prices steady.
- Central bank buying : Countries like China and India continue to accumulate gold as a reserve asset.
This has led to a mild recovery in domestic gold prices after last week's slide, which was driven by:
- Firmer US bond yields
- Easing Middle East tensions
- Investors booking profits after a record-breaking run in April
Should you buy gold now?
If you're underexposed to gold in your portfolio, this might be a decent entry point. However, know that gold plays a different role than equities—it's a hedge, not a high-growth bet.
For long-term investors, it still makes sense to allocate 5-10 per cent of your portfolio to gold. Sovereign Gold Bonds (SGBs) remain the best option if you're investing for the long haul—they come with tax benefits and a fixed 2.5 per cent interest over the market-linked return.
Final word
Today's price bump shows that gold is finding some support after a correction. But don't let daily movements sway your strategy. Stick to your asset allocation, and treat gold like insurance for your portfolio, not a shortcut to quick gains.
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D isclaimer: This is not a stock recommendation. This story was created with the assistance of artificial intelligence and is intended for informational purposes only. Please take it with a pinch of salt and do your own research or consult a financial advisor before making investment decisions.
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