Gold Prices Hit Fresh High of ₹15,577 on April 16: Latest 24K, 22K and 18K Rates Across Major Cities

Gold prices in India have remained volatile after the sharp rally seen earlier in March. The 24K rate, which had surged to ₹16,980 on March 2, declined steadily through mid-March to ₹15,093 on March 20 before dropping sharply to ₹14,002 on March 23. Prices rebounded to ₹14,667 on March 25, eased to ₹14,471 on March 27, and climbed back to ₹15,148 on April 1.

A pullback followed, with prices slipping to ₹14,913 on April 6, before recovering to ₹14,984 on April 7. The rebound strengthened further, with 24K gold rising to ₹15,148 on April 9 and extending gains to ₹15,300 on April 10. Prices then saw a mild correction on April 13, easing to ₹15,246, but the uptrend quickly resumed, with gold climbing to ₹15,535 on April 15 and further to ₹15,577 on April 16, marking fresh short-term highs and signalling sustained bullish momentum.

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Gold Prices Today in India April 16, 2026

As of 13:40 PM on April 16, gold rate today across major Indian cities jumps compared to the previous session. Below are the latest per-gram prices for 24K, 22K, and 18K gold across key regions:

• Gold Price Today in Mumbai: 24K at ₹15,577, 22K at ₹14,260, 18K at ₹11,668.
• Gold Price Today in Chennai: 24K at ₹15,666, 22K at ₹14,360, 18K at ₹11,980.
• Gold Price Today in Bangalore:24K at ₹15,577, 22K at ₹14,260, 18K at ₹11,668.
• Gold Price Today in Hyderabad: 24K at ₹15,577, 22K at ₹14,260, 18K at ₹11,668.
• Gold Price Today in Kerala: 24K at ₹15,577, 22K at ₹14,260, 18K at ₹11,668.
• Gold Price Today in Delhi: 24K at ₹15,572, 22K at ₹14,275, 18K at ₹11,683.

Recent Gold Price Movements in India

Here’s a snapshot of how gold prices have moved over the past few days:

• April 16th: 24K at ₹15,577, 22K at ₹14,260, 18K at ₹11,668.
• April 15th: 24K at ₹15,535, 22K at ₹14,240, 18K at ₹11,651.
• April 13th: 24K at ₹15,246, 22K at ₹13,975, 18K at ₹11,434.
• April 10th: 24K at ₹15,300, 22K at ₹14,025, 18K at ₹11,475.
• April 9th: 24K at ₹15,148, 22K at ₹13,885, 18K at ₹11,361.

Gold prices in India have shown renewed strength in April, extending their rebound after recent volatility. The 24K rate rose from ₹15,148 on April 9 to ₹15,300 on April 10, marking a strong upswing. A brief pullback followed, with prices easing to ₹15,246 on April 13, but the rally resumed thereafter, with 24K gold climbing to ₹15,535 on April 15 and further to ₹15,577 on April 16, hitting fresh short-term highs and signalling sustained upward momentum.

Similarly, 22K gold moved from ₹13,885 on April 9 to ₹14,025 on April 10. After a mild dip to ₹13,975 on April 13, prices rebounded to ₹14,240 on April 15 and edged higher to ₹14,260 on April 16, mirroring the continued strength in 24K gold.

The 18K rate followed the same trajectory, rising from ₹11,361 on April 9 to ₹11,475 on April 10, before easing to ₹11,434 on April 13. It then climbed to ₹11,651 on April 15 and further to ₹11,668 on April 16, reflecting a steady and broad-based rally across all gold categories.

Gold Market Outlook

Gold prices in India continue to show volatility, with a strengthening uptrend gaining momentum after a brief phase of consolidation. Following the dip to ₹14,913 on April 6, prices rebounded to ₹14,984 on April 7 across Mumbai, Bangalore, Hyderabad, and Kerala, while Delhi and Chennai traded at a premium.

The upward momentum accelerated further, with 24K gold rising to ₹15,148 on April 9 and peaking at ₹15,300 on April 10 in most cities. Delhi edged higher at ₹15,315, while Chennai remained the highest-priced market at ₹15,409. A short-lived pullback followed on April 13, with prices easing to ₹15,246 in most cities, ₹15,261 in Delhi, and ₹15,338 in Chennai. However, the rally resumed strongly, with 24K gold climbing to ₹15,535 on April 15 and further to ₹15,577 on April 16 across key cities, ₹15,572 in Delhi, and ₹15,666 in Chennai, marking fresh short-term highs. The 22K and 18K segments mirrored this movement, rising to ₹14,260 and ₹11,668 respectively across most markets, with Chennai and Delhi continuing to command a premium.

Conclusion

As of April 16, gold prices across most major cities have strengthened further to around ₹15,577 per gram for 24K, ₹14,260 for 22K, and ₹11,668 for 18K. Chennai leads with 24K gold at ₹15,666, followed closely by Delhi at ₹15,572.

The continued rise from April 13 through April 16 highlights sustained bullish momentum, with prices consistently hitting new short-term highs. While the trend remains firmly upward, gold prices are likely to stay sensitive to global cues, currency movements, and investor sentiment, keeping near-term volatility elevated.