On May 15, gold prices in India's retail market saw a slight decline, with 24-karat gold priced between ₹160,730 and ₹161,550 per 10 grams across major cities like Mumbai, New Delhi, and Bengaluru. The 22-karat gold rates also dropped, ranging from ₹147,336 to ₹148,088 per 10 grams. Silver prices fell to ₹282,000 per kg in Mumbai and ₹281,510 per kg in New Delhi. The decline in precious metal prices is attributed to a stronger US dollar, which increased by 0.30% to 99.10, and rising Brent crude oil prices, which surpassed $107 per barrel. These factors raised inflation concerns and expectations of higher interest rates, putting pressure on gold and silver as non-yielding assets. Additionally, geopolitical tensions, particularly the summit between US President Donald Trump and Chinese President Xi Jinping, are contributing to market volatility, affecting currency strength and oil prices. The summit discusses trade and security issues, with both nations seeking tangible outcomes, including agreements on oil purchases.