Gold Prices Today on 16th May: Gold Rates Jump Sharply Across India

Gold prices in India surged sharply on 16th May 2025, reversing the downward trend seen in the last two sessions. Both 22K and 24K gold rates recorded notable gains today. As per the latest update, the price of 22K gold stands at ₹8,720 per gram, while 24K gold has climbed to ₹9,513 per gram.

Invest in Indian Markets and Unlock Future Potential With 5paisa!

Open Account Now

Cost of Gold in India Rises Strongly on 16th May 2025

As of 10:58 AM on 16th May, gold rate today across major Indian cities have gone up significantly. The price of 22K gold rose by ₹110 per gram, while 24K gold saw an increase of ₹120 per gram. Here’s a look at today’s city-wise rates:

• Gold Price Today in Mumbai: 22K gold is at ₹8,720 per gram, while 24K gold is priced at ₹9,513 per gram.
• Gold Price Today in Chennai: In Chennai, 22K gold is available at ₹8,720 per gram, while 24K gold is priced at ₹9,513 per gram.
• Gold Price Today in Bangalore: Rates mirror the national trend, with 22K gold at ₹8,720 and 24K gold at ₹9,513 per gram.
• Gold Price Today in Hyderabad: Gold is priced at ₹8,720 per gram for 22K and ₹9,513 per gram for 24K.
• Gold Price Today in Kerala: In Kerala, 22K gold is priced at ₹8,720 per gram and 24K gold is priced at ₹9,513 per gram.
• Gold Price Today in Delhi: Gold prices in Delhi are generally marginally higher, with 22K gold at ₹8,735 per gram and 24K gold at ₹9,528 per gram.

Recent Gold Price Trends in India

Gold prices have been volatile this week, with sharp movements observed in both directions. Here's how rates have moved leading up to 16th May:

• May 16: Gold rates rebounded strongly—22K gold rose ₹110, and 24K gold climbed ₹120 per gram.
• May 15: Gold rates dipped steeply—22K gold fell ₹195, and 24K gold dropped ₹213 per gram.
• May 14: Another day of losses, with 22K at ₹8,805 and 24K at ₹9,606 per gram.
• May 13: Gold prices rebounded—22K rose to ₹8,855, while 24K climbed to ₹9,660 per gram.
• May 12: Gold prices witnessed a notable correction—22K gold stood at ₹8,750 and 24K at ₹9,546 per gram.

Looking Ahead

Gold’s sharp recovery today (16th May) comes after a series of corrections earlier this week. The movement reflects potential continued sensitivity to global economic cues, including interest rate expectations and currency fluctuations. Investors and buyers should remain attentive to daily trends and market signals.