Gold Rate Today, May 15: IBJA Rates Slip, Know 24K, 22k Tanishq, Kalyan, Malabar New Rates After Duty Hike

Gold prices in India remained under pressure on Friday (May 15, 2026), with IBJA benchmark rates and retail prices at major jewellery brands including Tanishq and Kalyan Jewellers witnessing fresh volatility. At the Indian Bullion Jewellers Association (IBJA), Fine Gold (999 purity) was priced at ₹15,816 per gram, while 995 purity gold stood at ₹15,753 per gram and 916 purity gold at ₹14,487 per gram. Meanwhile, 24-carat gold was retailing at ₹1,62,400 per 10 grams, while 22-carat gold stood at ₹1,49,090 across major Indian cities.

The movement in gold prices comes shortly after the Centre's excise duty hike announced on May 12. In another key development, the government on Thursday tightened norms for duty-free gold imports used in jewellery exports. Under the revised advance authorisation scheme, imports have reportedly been capped at 100 kilograms per licence.

The latest restrictions are being viewed as part of broader efforts to regulate gold inflows, protect foreign exchange reserves and reduce pressure on the country's import bill amid ongoing global uncertainty.

Among major jewellery brands, Tanishq quoted 22-carat gold at ₹1,47,200 per 10 grams, while 24-carat gold stood at ₹1,60,580 per 10 grams. Kalyan Jewellers also continued to retail gold at elevated levels across major cities.

At Joyalukkas, 22-carat gold was priced at ₹1,46,750 and 24-carat gold at ₹1,62,330 per 10 grams. Meanwhile, Malabar Gold & Diamonds listed 22-carat gold at ₹1,46,750, while 24-carat gold was retailing at ₹1,60,090 per 10 grams.

Among major Indian cities, Delhi recorded 24-carat gold prices at ₹1,62,400 per 10 grams, while Bengaluru saw rates at ₹1,62,340 for 24-carat and ₹1,49,030 for 22-carat gold. Mumbai, Kolkata, Chennai, Hyderabad and Pune also witnessed similar pricing trends with minor variations.

Despite retail prices remaining elevated, gold futures continued to witness pressure in commodity markets. On the Multi Commodity Exchange (MCX), gold July futures reportedly slipped by 0.9% or ₹1,458 to trade at ₹1,60,520 per 10 grams during morning trade.

Analysts believe multiple global factors are currently driving volatility in bullion markets. Rising crude oil prices have reignited inflation concerns globally, while expectations of prolonged higher interest rates continue to weigh on gold demand.

Investors are also closely monitoring developments between the United States and China amid ongoing geopolitical and economic tensions. Adding to market uncertainty, US President Donald Trump reportedly hinted at taking a tougher stance on Iran during discussions surrounding the nuclear deal.

Internationally, US gold futures reportedly declined by 1.5% to $4,617 per ounce, with the yellow metal touching its lowest level in more than a week and remaining on course for a weekly decline.