Gold price today, 16 May: Check retail rates of 24K, 22K gold in Delhi, Mumbai, other cities
Gold price today:
Gold rates dropped on the MCX on Saturday morning amid a stronger US dollar, driven by raised crude oil prices. International gold prices declined to an over one-week low, looking set for a weekly decline.
The yellow metal’s rates in India gained nearly 1% in the domestic futures market on Wednesday, continuing to trade above the ₹150,000 level over the past few sessions. On 16 May, MCX Gold June contracts were priced at ₹153,155 per 10 grams, while MCX Silver May contracts stood at ₹248,696 per kg.
In the retail market, 24-karat gold was priced at ₹157,900 per 10 gm, while 22-karat gold remained at ₹144,759 per 10 gm. Silver (999 fine) was priced at ₹289,900 per kg, according to Indian Bullion Association data.
Customers must note that jewelers may add making charges, taxes, and GST to the bill, which could increase the final price of the item. Check the full list here for gold and silver prices in your city today, May 16.
Gold and Silver Prices in Mumbai — May 16
24 karat gold rate in Mumbai—₹157,900/10 gm.
22 karat gold rate in Mumbai — ₹144,759/10 gm.
Silver 999 Fine rate in Mumbai—₹289,900/1 kg.
Gold and Silver Prices in New Delhi — May 16
24 karat gold rate in New Delhi—₹158,050/10 gm.
22 karat gold rate in New Delhi — ₹144,890/10 gm.
Silver 999 Fine rate in New Delhi — ₹289,900/1 kg.
Gold and Silver Prices in Hyderabad— May 16
24 karat gold rate in Hyderabad—₹157,900/10 gm.
22 karat gold rate in Hyderabad — ₹144,740/10 gm.
Silver 999 Fine rate in Hyderabad — ₹304,900/1 kg.
Gold and Silver prices in Kolkata — 16 May
24 karat gold rate in Kolkata — ₹157,900/10 gm.
Bullion remains range-bound
As per Reuters, noted that gold continues to trade under pressure from a firm US dollar, which makes bullion more expensive for offshore buyers and limits upside momentum. Expectations around US Federal Reserve policy have also remained investors cautious, as interest rate trajectories remain uncertain amid mixed inflation signals.
Crude oil prices, according to Reuters, were steady to volatile in recent sessions, adding to broader commodity market fluctuations. Energy price movements continue to influence inflation expectations, which remain a key factor for bullion sentiment, while a strong dollar has maintained pressure on gold prices.
Reuters also highlighted that central bank purchases and consistent inflows into gold exchange-traded funds (ETFs) continue to provide structural support at lower levels. Despite this, profit booking at higher price zones has prevented a sustained breakout in domestic futures markets, keeping prices range-bound.
Silver prices have shown relatively higher volatility, driven by both investment demand and industrial usage.
Customers must note that jewelers may add making charges, taxes, and GST to the invoice, which could significantly increase the final purchase price of the item. Retail prices may also vary slightly across cities depending on local demand, transport costs, and dealer premiums.
Cotizaciones del oro hoy, 16 de mayo de 2026:
El oro en India sigue brillando, aunque un poco cansado. El precio del oro de 24 quilates es actualmente de ₹1,57,910 por 10 g, mientras que el de 22 quilates se cotiza a ₹1,44,750 por 10 g. Tras una breve corrección global durante el fin de semana debido al fortalecimiento del dólar estadounidense y a la toma de ganancias habitual, los precios permanecen en “modo de pausa dominical” porque los mercados al contado están, bueno, cerrados. El oro se ha tomado un día libre hasta que comience la actividad del lunes. Los precios varían de ciudad en ciudad en la India debido a los diferentes impuestos, costos de transporte, costumbres regionales con respecto a los metales preciosos y otros factores, y nunca permanecen iguales.
Cotizaciones del oro en MCX hoy
El oro alcanza los ₹1,53,155 por 10 gramos en los futuros de oro de MCX de junio de 2026, pero el mercado está cerrado por el fin de semana; este precio se encuentra en “modo de pausa” hasta las 11:30 a. m. del lunes. Los movimientos de la semana muestran la gran fluctuación de la corrección global debido a las preocupaciones sobre la inflación en Estados Unidos y los rendimientos de los bonos, incluso cuando los precios internos se recuperan tras un aumento del 15% en los aranceles de importación. Los futuros de junio cotizan por encima del soporte de 1,5 lakh de rupias, mientras que los futuros de oro de agosto presentan una prima mayor. Desde el lanzamiento de Gold Mini, los pequeños inversores también pueden participar en el mercado del oro sin necesidad de una bóveda. Piense en ello como una “caricatura del oro” antes de que el mercado se reactive el lunes.
Why are gold prices falling?
Gold prices are under pressure mainly due to a stronger US dollar and profit booking by investors following recent highs. Analysts say rising inflation concerns have reduced expectations of interest rate cuts by the US Federal Reserve.
Experts also say that rising crude oil prices and new government restrictions on gold imports have increased pressure. Ongoing geopolitical tensions in West Asia have further increased volatility in prices.
Gold declines despite safe-haven demand
Despite ongoing global uncertainty supporting safe-haven assets, gold prices experienced weakness today. Experts said stronger currency movements and profit-booking by investors weighed on bullion rates overall.
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