Milorad Karalić (Serbian Cyrillic: Милорад Каралић, born January 7, 1946) is a Serbian former handball player who competed for Yugoslavia in the 1972 Summer Olympics and in the 1976 Summer Olympics.
He was born in Ivanjska, Bosnia and Herzegovina, then Yugoslavia.
In 1972 he was part of the Yugoslav team which won the gold medal at the Munich Games. He played all six matches and scored two goals.
Four years later he was a member of the Yugoslav team which finished fifth in the Olympic tournament. He played all six matches and scored eleven goals.