International spot gold is consolidating as markets gauge the likelihood of a diplomatic breakthrough in Pakistan. In the domestic market, gold has seen a gradual recovery following a sharp dip earlier in April, though prices remain sensitive to the USD/INR exchange rate, currently near ₹93.38.

Domestic Gold Prices (India) - 16 April 2026

In the domestic market, gold has seen a gradual recovery following a sharp dip earlier in April.

• 24K Gold (99.9% Purity): ₹15,536 per gram | ₹1,55,360 per 10 grams
• 22K Gold (91.6% Purity): ₹14,241 per gram | ₹1,42,410 per 10 grams
• 18K Gold (75% Purity): ₹11,652 per gram | ₹1,16,520 per 10 grams

Note: Domestic prices exclude 3% GST and making charges, which typically range from 5% to 35% depending on the design.

City-wise Gold Rates (per 10 grams)

Delhi Gold Price Today

• 24K Gold: ₹1,55,510 | 22K Gold: ₹1,42,560 | 18K Gold: ₹1,16,670

Mumbai Gold Rate Today

• 24K Gold: ₹1,55,360 | 22K Gold: ₹1,42,410 | 18K Gold: ₹1,16,520

Gold Price in Chennai

• 24K Gold: ₹1,56,230 | 22K Gold: ₹1,43,210 | 18K Gold: ₹1,19,410

Bangalore Gold Rate Today

Hyderabad Gold Price Today

Kolkata Gold Price Today

Pune Gold Rate

Ahmedabad Gold Price Today

• 24K Gold: ₹1,55,410 | 22K Gold: ₹1,42,460 | 18K Gold: ₹1,16,570

Gold Rate Today in Jaipur

Gold Price Today in Lucknow

International Gold Rates Today

• Spot Gold (XAU/USD): ~$4,821.45 per ounce
• Gold Futures: ~$4,843.80 per ounce
• Trend: Prices are up roughly 1.6% over the last week. This momentum is driven by hopes of a conflict "off-ramp" and progress in mediators extending the current two-week ceasefire
• Support & Resistance: Key support is noted at $4,810-$4,770, with resistance levels at $4,884-$4,922 per ounce

Major Indian City Rates (per 10g 24K)

Gold Rate in India for Last 10 Days (1 gram)

Market Drivers & Peace Talk Impacts

Revised Peace Talks

• Mediators have reportedly made progress in extending the two-week ceasefire. US President Donald Trump suggested a deal could be near, though the deployment of 10,000 additional US troops to the region has added a layer of uncertainty

Oil Price Influence

• Hopes for renewed talks have pushed oil prices below $100 per barrel, which has helped calm inflation concerns and supported the "risk-on" sentiment for precious metals

Monetary Policy

• Traders are now factoring in a 30% chance of a US rate cut this year, up from 13% last week, as the Fed adopts a cautious stance while assessing inflation risks

Gold ETF Performance (2025-2026)

Gold ETFs in India saw a massive surge in 2025, with some funds delivering returns exceeding 70%. As of April 2026, these are the top performers based on 5-year CAGR:

• LIC MF Gold ETF: 27.08%
• Aditya Birla Sun Life Gold ETF: 27.05%
• ICICI Prudential Gold ETF: 27.04%
• Axis Gold ETF: 26.94%
• Quantum Gold Fund: 26.93%

Key Investment Metrics:

• Expense Ratio: Ranges from 0.30% (Zerodha Gold ETF) to 1.0%
• Liquidity: Nippon India ETF Gold BeES and Tata Gold ETF lead with the highest trading volumes
• Tracking Error: Most top-tier ETFs maintain a tracking error below 0.8%

Comparison: Physical Gold vs. Gold ETFs

Can Gold Prices Rise Again?

• Technical Levels: Support at $4,770 per ounce; resistance at $4,884-$4,922
• Peace Talks Outcome: Progress in extending the ceasefire could boost sentiment
• Fed Rate Expectations: Traders are pricing in a 30% chance of a rate cut this year, a positive for gold
• Central Bank Buying: Continued accumulation by global central banks provides long-term support

Key Considerations for Buyers

• GST: 3% applicable on gold value
• Making Charges: Typically range from 5% to 35% for jewellery
• Investment Options: Gold ETFs or Sovereign Gold Bonds (SGB) help avoid high making charges of physical jewellery

Disclaimer: Gold rates are indicative and exclude GST/TCS/levies. Final purchase prices include 3% GST and making charges. Please verify with local jewellers for exact pricing.