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  5. Gold, silver rates today, October 15: Prices rebound after recent fall; 5 things shoppers should know this festive season

Personal Finance News

Gold, silver rates today, October 15: Prices rebound after recent fall; 5 things shoppers should know this festive season

Upstox
By Upstox News Desk

4 min read | Updated on October 15, 2026, 11:06 IST

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SUMMARY

Gold and silver prices rebound after recent losses on October 15. Check 24K, 22K gold and silver rates, and five things festival shoppers should know.

Gold, silver rates today, October 15

For festival shoppers, the practical priority is to set a budget, compare the final bill and verify purity.

Gold and silver prices rebounded in early trade on Thursday, October 15, after falling in the previous session, putting precious metals back in focus as consumers prepare for festive purchases.

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International spot gold rose more than 1% to $4,158.63 an ounce, recovering from a one-week low, as a weaker US dollar supported prices, Reuters reported. Silver also gained in international markets.

Gold and silver prices rebounded on Thursday, October 15, according to India Bullion Rates, with gold rising 0.99% to ₹1,47,540 per 10 grams and silver gaining 0.50% to ₹2,09,380 per kg. The recovery comes after recent declines in precious-metal prices, bringing gold and silver back into focus as consumers prepare for festive-season purchases.

For Indian consumers, the latest move is a reminder that gold and silver prices can change sharply within a few sessions. Those planning festive purchases should check prevailing rates and the final jewellery bill before visiting a store.

Gold, silver rates today: Latest prices

According to India Bullion Rates, at 9:40 AM IST on October 15:

  • 24-carat gold: ₹1,47,680 per 10 grams, up ₹1,590 or 1.09%.

  • 22-carat gold: ₹1,35,373 per 10 grams.

  • 18-carat gold: ₹1,10,760 per 10 grams.

  • Silver: ₹2,09,060 per kg, up ₹720 or 0.35%.

On the Multi Commodity Exchange (MCX), gold futures for December 4 delivery rose 1.22% to ₹1,47,626 per 10 grams at the time of writing, while silver futures gained 0.66% to trade near ₹2.10 lakh per kg.

Why are gold and silver prices rebounding?

International gold prices recovered as the US dollar weakened after reaching an 18-month high. A softer dollar makes dollar-denominated gold less expensive for buyers using other currencies, potentially supporting demand.

At the same time, US inflation data and expectations about the Federal Reserve's interest-rate decisions have kept markets volatile.

Currency movements, geopolitical developments and domestic demand can also affect gold prices in India.

SGB investors: 2019 gold bonds now worth nearly four times the issue price

Gold's price movement also matters for investors holding Sovereign Gold Bonds (SGBs). The RBI has fixed the premature redemption price for the 2019-20 Series V at ₹14,725 per unit, against the original issue price of ₹3,788 per gram for regular investors. The redemption value represents an absolute price gain of around 289%, excluding interest earned, for investors who bought at the regular issue price. The deadline to submit premature redemption requests for this tranche closed on October 5.

Five things festival shoppers should know

1. A one-day rebound does not establish a trend

Gold's recovery follows a recent decline, but one session's gains do not establish whether prices will continue rising or fall again. Consumers should avoid treating daily market movements as a reliable guide to the next price move.

2. Check the final jewellery bill

The displayed gold rate is not the total purchase cost. Making charges, applicable GST and other disclosed charges can affect the final amount. Compare itemised quotations for similar jewellery before making a purchase.

3. Verify purity and hallmark details

Check the purity marking and applicable BIS hallmark and HUID details. Ask for a proper invoice that records the jewellery's weight, purity and price.

4. Understand old-gold exchange deductions

If exchanging old jewellery, ask how the jeweller calculates its value, including purity testing, stone deductions and any other applicable deductions. Compare the net amount offered by more than one retailer where possible.

5. Separate festive purchases from financial investments

Jewellery serves a personal purpose, but making charges and resale deductions can reduce the amount recovered when it is sold. Investors considering gold as part of a portfolio should separately evaluate financial products, their costs, liquidity, taxation and risks.

Gold ETFs see higher inflows as investors assess long-term returns

Gold is attracting attention from financial investors as well as jewellery buyers. Gold ETFs received ₹4,451 crore in net inflows in September, up from ₹2,597 crore in August, according to AMFI data. Separately, an analysis of gold ETF performance as of October 13 found that UTI Gold ETF recorded the highest three-year return among the schemes compared, at 35.43%, while LIC MF Gold ETF led the five-year comparison at 24.69%. Past returns do not guarantee future performance, and investors should also consider expense ratios and tracking error.

For festival shoppers, the practical priority is to set a budget, compare the final bill and verify purity.

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About The Author

Upstox
Upstox News Desk is a team of journalists who passionately cover stock markets, economy, commodities, latest business trends, and personal finance.

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