Today, May 15, the gold rate and silver saw minor changes. Gold futures for June increased slightly by 0.13%, reaching 72,390 rupees per 10 grams. Meanwhile, silver futures for July decreased a bit by 0.04%, to 85,386 rupees per kilogram. According to leading financial analysts, these changes are expected to be temporary, and gold and silver prices are projected to stabilize in the coming weeks.
According to GoodReturns, the gold rate went up by 40 rupees. 22-karat gold costs 6,715 rupees per gram, and 24-carat gold (pure gold) costs 7,325 rupees per gram. Here’s the gold price in different cities:
- Delhi: 6,730 rupees per gram for 22-karat gold, 7,340 rupees per gram for 24-carat gold.
- Mumbai: 6,715 rupees per gram for 22-karat gold, 7,325 rupees per gram for 24-carat gold.
- Chennai: 6,725 rupees per gram for 22-karat gold, 7,336 rupees per gram for 24-carat gold.
- Ahmedabad: 6,720 rupees per gram for 22-karat gold, 7,330 rupees per gram for 24-carat gold.
Spot gold rate remained steady at $2,357.35 per ounce. U.S. gold futures saw a slight increase of 0.1% to $2,362.80. The market is eagerly anticipating a key U.S. inflation report, which could provide valuable insights into future interest rate cuts by the Federal Reserve. This report has the potential to significantly impact the gold market, creating a sense of anticipation among our audience.