Gold Price Prediction for Tomorrow 18 May 2026: MCX and International Outlook
- May 17, 2026
- Posted by: Kunal Singla
- Category: Market
Gold price prediction for tomorrow on 18 May 2026 is cautiously bearish to sideways after a sharp Friday correction saw domestic 24 karat gold fall by Rs 4,220 per 10 grams to settle at Rs 1,58,050 in Delhi, from the recent peak of Rs 1,62,270 on 15 May 2026. MCX gold futures are pausing at approximately Rs 1,53,155 per 10 grams over the weekend, while internationally gold trades near $4,538 to $4,540 per troy ounce. This gold price prediction for tomorrow is shaped by three primary macro variables: the FOMC minutes release on 20 May 2026, Brent crude at $108.54 per barrel and India’s recent hike in gold import duty to 15 per cent.
Ankit Jaiswal, Senior Research Analyst at Univest, notes that the gold price prediction for tomorrow on Monday must account for the record low Indian Rupee at Rs 96 per US Dollar, which has a conflicting impact on domestic gold prices: a weaker Rupee makes imported gold costlier in domestic terms but simultaneously signals financial stress that historically drives safe-haven demand. Kunal Singla, Associate Director at Univest, adds that the gold price prediction for tomorrow is further complicated by the World Gold Council’s report that global gold demand hit a record in Q1 2026 at 1,230.9 tonnes, with bar and coin demand surging 42 per cent year on year, providing a structural floor beneath any near term correction in the gold price prediction for tomorrow.
Friday’s Gold Price Movement: What Happened on 15 May 2026
- Domestic Gold Correction: Gold prices in India saw a sharp correction on Friday 15 May 2026 after an extended rally during the week. Delhi 24K gold fell from Rs 1,62,270 to Rs 1,58,050 per 10 grams on 16 May, a decline of Rs 4,220 or approximately 2.6 per cent. This correction came on inflation concerns and international gold price weakness, which directly informs the gold price prediction for tomorrow on Monday.
- International Gold at $4,538-$4,540: International gold traded near $4,538 to $4,540 per troy ounce on 16 May 2026, as confirmed by LiteFinance. LiteFinance expects gold may continue to decline on 18 May as markets digest the CPI, PPI and Retail Sales data released last week. The gold price prediction for tomorrow notes that May 2026 prices are forecast to range between $4,380 and $5,100 for the month.
- India Import Duty at 15%: The government’s decision to raise gold and silver import duties to 15 per cent, announced on 12 May 2026, is the single most significant domestic structural change in the gold price prediction for tomorrow. Higher import duties reduce the physical import of gold, create a premium in the domestic market over international prices and simultaneously moderate the current account deficit contribution from gold imports.
Gold Price Prediction for Tomorrow 18 May 2026: MCX Outlook
Trend: Cautiously Bearish to Sideways on Near-Term Correction
MCX Gold Support: Rs 1,50,000 and Rs 1,47,000 per 10g
MCX Gold Resistance: Rs 1,55,000 and Rs 1,58,000 per 10g
International Support: $4,400 and $4,266 per troy ounce
International Resistance: $4,600 and $4,750 per troy ounce
The MCX gold price prediction for tomorrow on 18 May 2026 is cautiously bearish for Monday’s session, with Ankit Jaiswal identifying Rs 1,53,155 as the current MCX futures level and placing the immediate resistance at Rs 1,55,000. The gold price prediction for tomorrow notes that LiteFinance’s daily analysis flags 18 May as a potential continuation of the decline, citing macro pressure from elevated US interest rates where June rate cut probability stands at just 2.6 per cent per CME Group data, meaning rates will stay at 3.50 to 3.75 per cent and limit gold’s upside potential.
Jaiswal’s gold price prediction for tomorrow highlights two competing forces on Monday: the geopolitical safe-haven bid from the US-Iran Strait of Hormuz crisis and Trump’s overnight statement that Iran must make a deal or face renewed attacks, which supports gold as a safe-haven, versus the correction pressure from last week’s stronger US economic data and the FOMC minutes due on 20 May that may signal a longer pause in rate cuts than the market expects. For the gold price prediction for tomorrow to turn bullish, Jaiswal requires MCX gold to hold above Rs 1,50,000 and reclaim Rs 1,55,000 on a closing basis.
Key Levels Table: Gold Price Prediction for Tomorrow
| Metric | Value | Significance |
| MCX Gold Futures (Jun) | Rs 1,53,155 per 10g | Weekend pause level |
| 24K India Rate (Delhi) | Rs 1,58,050 per 10g | Physical market rate |
| International Spot | $4,538 per troy oz | Benchmark for MCX |
| MCX Resistance 1 | Rs 1,55,000 | First resistance Monday |
| MCX Resistance 2 | Rs 1,58,000 | Week’s critical level |
| MCX Support 1 | Rs 1,50,000 | First support Monday |
| MCX Support 2 | Rs 1,47,000 | Major weekly support |
Key Events Driving the Gold Price Prediction for Tomorrow
- FOMC Minutes on 20 May: The release of the Federal Open Market Committee meeting minutes on 20 May 2026 is the single most important forward-looking event for the gold price prediction for tomorrow. If the minutes reflect a hawkish bias with no near term rate cuts, gold will face renewed selling pressure in the Monday and Tuesday sessions ahead of the release.
- US-Iran and Safe-Haven Demand: Trump’s statement that Iran must make a deal or face renewed attacks keeps geopolitical risk premium embedded in gold. Any fresh US-Iran military development over the weekend would spike gold above $4,600 per ounce on Monday, significantly changing the gold price prediction for tomorrow to sharply bullish.
- University of Michigan Inflation Expectations: The University of Michigan’s May inflation expectations data is due on 22 May. Higher inflation expectations are bullish for gold as a hedge, while lower expectations would remove a key support argument from the gold price prediction for tomorrow in the near term.
- Rupee at Rs 96 and Import Duty 15%: The dual headwind of the weakest Rupee on record at Rs 96 and the 15 per cent import duty means domestic gold prices in India will remain elevated even if international prices correct. This domestic premium effect is a critical component of the gold price prediction for tomorrow for Indian buyers and MCX traders.
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Gold Price Prediction for Tomorrow: Strategy for MCX Traders
Wait for the MCX Monday Open Before Taking Positions
MCX opens at 9:00 AM IST on Monday 18 May. Ankit Jaiswal advises traders acting on the gold price prediction for tomorrow to wait for the first 15-minute MCX candle before entering any position. Weekend geopolitical developments, particularly any US-Iran statement, can create a gap open that invalidates the previous session’s technical analysis.
Short-Term Traders: Sell Rallies Toward Rs 1,55,000
For short-term MCX traders, the gold price prediction for tomorrow favours a sell-on-rallies approach toward Rs 1,55,000 with a target of Rs 1,50,000 and a stop loss above Rs 1,57,000. This approach aligns with the bearish bias in the gold price prediction for tomorrow from both LiteFinance’s technical analysis and Jaiswal’s fundamental assessment of the near term rate environment.
Long-Term Investors: Use Corrections to Accumulate
For long-term investors, every correction in the gold price prediction for tomorrow toward Rs 1,47,000 to Rs 1,50,000 on MCX represents an accumulation opportunity. WGC’s record Q1 2026 demand of 1,230.9 tonnes, geopolitical uncertainty from the West Asia crisis and central bank gold accumulation all support the long term gold bull case beyond the near term correction.
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Conclusion: Gold Price Prediction for Tomorrow 18 May 2026
The gold price prediction for tomorrow on 18 May 2026 is cautiously bearish to sideways for MCX gold futures at Rs 1,53,155, with the domestic 24K rate at Rs 1,58,050 per 10 grams in Delhi. Ankit Jaiswal’s gold price prediction for tomorrow places MCX resistance at Rs 1,55,000 and support at Rs 1,50,000. The FOMC minutes on 20 May and the US-Iran geopolitical situation are the two biggest swing variables for the gold price prediction for tomorrow, with the latter carrying the potential to sharply reverse the bearish near term outlook if fresh military escalation occurs.
Disclaimer: The information provided in this article is for educational and informational purposes only and does not constitute investment advice. Univest is a SEBI registered research analyst entity (Uniresearch Global Pvt Ltd, SEBI Registration Number INH000012449). Views expressed are for general informational purposes only and should not be construed as a recommendation to buy, sell or hold any security. Investments in securities and commodities are subject to market risks. Please read all related documents before investing. Past performance is not indicative of future results. Please consult a SEBI registered financial advisor before making any investment decision.
FAQs
What is the gold price prediction for tomorrow on 18 May 2026?
Ans. The gold price prediction for tomorrow on 18 May 2026 is cautiously bearish to sideways. MCX gold futures are at Rs 1,53,155 per 10 grams, with resistance at Rs 1,55,000 and support at Rs 1,50,000. Domestically, 24K gold in Delhi is at Rs 1,58,050 per 10 grams. The gold price prediction for tomorrow is influenced by the upcoming FOMC minutes on 20 May, the Rupee at Rs 96 and India’s 15 per cent gold import duty.
What is the MCX gold rate prediction for 18 May 2026?
Ans. MCX gold futures (June 2026 contract) are paused at Rs 1,53,155 per 10 grams. Ankit Jaiswal’s gold price prediction for tomorrow places the immediate resistance at Rs 1,55,000 and the first support at Rs 1,50,000 on MCX. A close above Rs 1,55,000 on Monday would shift the gold price prediction for tomorrow from cautiously bearish to neutral.
Why did gold prices fall sharply on 15 May 2026?
Ans. Gold in India fell sharply on 15 May because of international gold price weakness driven by inflation concerns, US economic data that reduced expectations of near term Fed rate cuts and profit booking after a strong multi-week rally. The 15 per cent import duty also reduced physical demand. This fall is the key input for the gold price prediction for tomorrow on Monday.
How does the FOMC minutes affect the gold price prediction for tomorrow?
Ans. The FOMC minutes on 20 May 2026 will reveal whether the US Federal Reserve is leaning toward rate cuts or a longer pause. With June rate cut probability at only 2.6 per cent per CME Group data, a hawkish set of minutes would push gold lower. A dovish surprise would send gold above $4,600 and significantly upgrade the gold price prediction for tomorrow’s medium term outlook.
What support and resistance levels should MCX gold traders watch on 18 May?
Ans. MCX gold traders should watch Rs 1,55,000 as the key resistance and Rs 1,50,000 as the first support in the gold price prediction for tomorrow. A break above Rs 1,55,000 targets Rs 1,58,000. A break below Rs 1,50,000 opens the path to Rs 1,47,000. For international gold, $4,400 is the first support and $4,600 is the resistance to watch in the gold price prediction for tomorrow.
