On May 15, gold prices in India fell sharply, reaching a one-week low as inflation fears in the US surged due to rising oil prices. Gold was priced at ₹1,58,850 per 10 grams on the Multi Commodity Exchange (MCX), down over ₹3,100 from the previous close of ₹1,61,978. Silver also experienced a significant decline, falling by ₹19,000 to ₹2,72,267 per kg. In major cities like Mumbai, 24-carat gold was priced at ₹1,60,090 per 10 grams, while 22K gold was at ₹1,46,750. The international market mirrored these trends, with spot gold prices dropping 1.5% to $4,579.19 per ounce, marking a total loss of nearly 3% for the week. Analysts, including Tim Waterer from KCM Trade, noted that the combination of rising oil prices and increased US Treasury yields is making gold less attractive as an investment. With Brent crude oil prices hovering above $106 a barrel, the situation is exacerbated by geopolitical tensions in the region. Investors are advised to stay updated on market conditions, as fluctuations in international rates, taxes, and exchange rates significantly impact gold prices in India.