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Gold Price Today 16 May 2026: Gold markets in India opened the weekend on a cautious note as global inflation fears, rising crude oil prices and strong US dollar movement continue to shape investor sentiment.
Domestic bullion rates remain elevated despite short-term corrections, reflecting both international pressure and local demand strength while MCX gold futures are hovering above ₹1.57 lakh per 10 grams, signaling a resilient long-term trend even amid volatility.
Domestic Gold Prices (India) - 16 May 2026
- 24K Gold (10g): ₹1,57,900
- 22K Gold (10g): ₹1,44,740
- 18K Gold (10g): ₹1,18,420
- Silver (1 kg): ₹2,89,900
- MCX Gold Futures (June 2026): ₹1,53,155 per 10g (paused for weekend trading)
Note: Final purchase prices at retailers will include 3% GST and additional making charges, which typically range from 5% to 25% for physical silver items.
Check City-Wise Gold Rate Today (per 10 grams)
Delhi Gold Rate Today
- 24K: ₹1,58,050 per 10g
- 22K: ₹1,44,890 per 10g
- 18K: ₹11,857 per gram
Mumbai Gold Rate Today
- 24K: ₹1,57,900 per 10g
- 22K: ₹1,44,740 per 10g
- 18K: ₹11,842 per gram
Chennai Gold Rate Today
- 24K: ₹1,57,900 per 10g
- 22K: ₹1,44,740 per 10g
- 18K: ₹12,309 per gram
Bangalore Gold Rate Today
- 24K: ₹1,57,900 per 10g
- 22K: ₹1,44,740 per 10g
- 18K: ₹11,842 per gram
Hyderabad Gold Rate Today
- 24K: ₹1,57,900 per 10g
- 22K: ₹1,44,740 per 10g
- 18K: ₹11,842 per gram
Kolkata Gold Rate Today
- 24K: ₹1,57,900 per 10g
- 22K: ₹1,44,740 per 10g
- 18K: ₹11,842 per gram
Kerala Gold Rate Today
- 24K: ₹1,57,900 per 10g
- 22K: ₹1,44,740 per 10g
- 18K: ₹11,842 per gram
Pune Gold Rate Today
- 24K: ₹1,57,900 per 10g
- 22K: ₹1,44,740 per 10g
- 18K: ₹11,842 per gram
Ahmedabad Gold Rate Today
- 24K: ₹1,57,950 per 10g
- 22K: ₹1,44,790 per 10g
- 18K: ₹11,847 per gram
Vadodara Gold Rate Today
- 24K: ₹1,57,950 per 10g
- 22K: ₹1,44,790 per 10g
- 18K: ₹11,847 per gram
Jaipur Gold Rate Today
- 24K: ₹1,58,050 per 10g
- 22K: ₹1,44,890 per 10g
- 18K: ₹11,857 per gram
Lucknow Gold Rate Today
- 24K: ₹1,58,050 per 10g
- 22K: ₹1,44,890 per 10g
- 18K: ₹11,857 per gram
International Gold Rates Today
- Spot Gold: Stable with mild bullish bias
- Weekly Low: Near recent correction zone
- Trend: Inflation-driven support with geopolitical risk premium
- USD Impact: Strong dollar limiting upside momentum
- Oil Impact: Brent above $106/barrel supports inflation hedge demand
Major Indian Gold City Rates: 24K, 22K & 18K
| City | 24K Gold (10g) | 22K Gold (10g) | 18K Gold (10g) |
| Delhi | ₹1,58,050 | ₹1,44,890 | ₹11,857 |
| Mumbai | ₹1,57,900 | ₹1,44,740 | ₹11,842 |
| Chennai | ₹1,57,900 | ₹1,44,740 | ₹12,309 |
| Kolkata | ₹1,57,900 | ₹1,44,740 | ₹11,842 |
| Bangalore | ₹1,57,900 | ₹1,44,740 | ₹11,842 |
| Hyderabad | ₹1,57,900 | ₹1,44,740 | ₹11,842 |
| Kerala | ₹1,57,900 | ₹1,44,740 | ₹11,842 |
| Pune | ₹1,57,900 | ₹1,44,740 | ₹11,842 |
| Ahmedabad | ₹1,57,950 | ₹1,44,790 | ₹11,847 |
| Vadodara | ₹1,57,950 | ₹1,44,790 | ₹11,847 |
| Jaipur | ₹1,58,050 | ₹1,44,890 | ₹11,857 |
| Lucknow | ₹1,58,050 | ₹1,44,890 | ₹11,857 |
| Surat | ₹1,57,950 | ₹1,44,790 | ₹11,847 |
| Indore | ₹1,57,950 | ₹1,44,790 | ₹11,847 |
| Bhopal | ₹1,57,950 | ₹1,44,790 | ₹11,847 |
| Nagpur | ₹1,57,900 | ₹1,44,740 | ₹11,842 |
| Chandigarh | ₹1,58,050 | ₹1,44,890 | ₹11,857 |
| Coimbatore | ₹1,57,900 | ₹1,44,740 | ₹12,309 |
| Kochi | ₹1,57,900 | ₹1,44,740 | ₹11,842 |
| Vishakhapatnam | ₹1,57,900 | ₹1,44,740 | ₹11,842 |
Note: Rates are indicative retail averages and may vary by jeweller, making charges, GST and locality.
Major Countries Gold Rates Today: 24K, 22K & 18K
| Country | 24K Gold (Per Gram) | 22K Gold (Per Gram) | 18K Gold (Per Gram) |
| India | ₹15,790 | ₹14,474 | ₹11,842 |
| USA | $146.45 | $134.14 | $109.83 |
| UAE (Dubai) | AED 624.75 | AED 578.50 | AED 474.00 |
| Saudi Arabia | SAR 593.00 | SAR 543.00 | SAR 444.30 |
| UK | £115.20 | £105.90 | £86.50 |
| Canada | CAD 238.00 | CAD 225.50 | CAD 184.50 |
| Australia | AUD 191.97 | AUD 176.00 | AUD 143.00 |
| China | ¥1,050 | ¥960 | ¥780 |
| Singapore | SGD 176.00 | SGD 162.00 | SGD 132.00 |
| Germany | €135.00 | €124.00 | €101.00 |
Note: Rates are indicative market prices and may vary by taxes, premiums, exchange rates and local dealer charges.
Gold Rate in India for Last 10 Days (1 kg)
| Date | Price (₹) |
| May 07 | 15,20,000 |
| May 08 | 15,30,000 |
| May 09 | 15,25,000 |
| May 10 | 15,40,000 |
| May 11 | 15,55,000 |
| May 12 | 15,60,000 |
| May 13 | 15,75,000 |
| May 14 | 15,79,100 |
| May 15 | 15,79,000 |
| May 16 | 15,79,000 |
International Market Sentiment & Key Drivers
- Inflation expectations remain elevated globally
- Central banks maintaining restrictive policy stance
- Geopolitical tensions supporting safe-haven demand
- US bond yields near 1-year highs limiting gold upside
- Dollar index remains strong and pressuring bullion prices
Domestic Market Sentiment & Key Drivers
- Rising import duty (15%) increasing local prices
- Strong wedding-season demand in India
- Rupee weakness supporting higher gold pricing
- Government measures aimed at reducing imports
- ETF inflows showing mixed investor sentiment
Oil & Inflation
- Brent crude oil is trading above $106 per barrel, showing sustained global supply pressure.
- Weekly oil gains are around 6%+, driven by geopolitical tensions and supply disruptions.
- Higher oil prices are increasing transport and manufacturing costs worldwide.
- Rising energy costs are feeding into broader inflation expectations across major economies.
- Inflation fears are keeping central banks cautious on interest rate cuts.
- Strong inflation outlook is indirectly supporting gold demand as a hedge asset.
- India faces added pressure due to import dependence on crude oil.
- Energy-led inflation is also impacting currency volatility and trade deficits.
MCX Performance
- Gold Futures (June 2026): ₹1,53,155 per 10g
- Intraday range: ₹1,59,500 high volatility zone
- Silver futures: Sharp correction near ₹2,79,102
Gold ETF Performance (2025-2026)
| Gold ETF / Fund | 2025 Return | 2026 YTD Return | 3-Year CAGR | Fund Size (AUM approx.) | Trend |
| Nippon India Gold BeES | ~41% | ~18% | ~14-15% | ₹18,000+ Cr | Strong Bullish |
| SBI Gold ETF | ~39% | ~17% | ~13-14% | ₹5,000+ Cr | Stable Growth |
| HDFC Gold ETF | ~40% | ~16% | ~13% | ₹4,500+ Cr | Positive |
| ICICI Prudential Gold ETF | ~38% | ~16% | ~12-13% | ₹6,000+ Cr | Stable |
| Axis Gold ETF | ~37% | ~15% | ~12% | ₹2,500+ Cr | Moderate Growth |
| Kotak Gold ETF | ~40% | ~17% | ~13% | ₹3,000+ Cr | Strong |
| LIC MF Gold ETF FoF | ~36% | ~14% | ~11-12% | ₹1,800+ Cr | Moderate |
| UTI Gold ETF | ~39% | ~16% | ~13% | ₹2,200+ Cr | Stable Bullish |
Key Investment Metrics
- Import duty: 15% (recent hike)
- GST: 3% on bullion value
- Making charges: 8-12% typical
- Inflation hedge strength: High
- Liquidity: Strong in urban markets
Comparison: Physical Gold vs Gold ETFs
| Factor | Physical Gold | Gold ETFs |
| Storage | Required | Not required |
| Liquidity | Moderate | High |
| Charges | High | Low |
| Risk | Theft risk | Market risk |
| Returns | Stable | Market-linked |
Market Summary
- Prices remain elevated despite short-term dips
- Global inflation keeps gold supported
- Domestic demand remains structurally strong
- Volatility driven by US economic signals
Can Gold Prices Rise Again?
- If inflation stays high, yes
- If dollar weakens, upside likely
- If oil rises further, demand increases
- If interest rates peak, gold gains support
Key Considerations for Buyers
- Watch import duty changes
- Track US Fed interest rate signals
- Monitor rupee-dollar movement
- Consider wedding-season price cycles
- Avoid panic buying during spikes
Should You Buy Gold Today Or Hold Back in UAE?
- Buy gradually if long-term investor
- Avoid lump-sum buying at peak volatility
- UAE prices remain competitive vs India
- Holding makes sense if expecting rate cuts
- Short-term traders should wait for dips
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.