Gold Price Today, May 16

Gold Price Today, May 16: 24K and 22K Rates Drop – Check City-Wise Update

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New Delhi – Gold prices in India witnessed a decline on Friday, May 16, 2025, continuing the recent trend of market fluctuations. Both 24-carat and 22-carat gold rates have dipped today, providing potential buying opportunities for consumers following last month’s record highs.

Gold Price Today, May 16

According to the latest data, 24K gold is priced at ₹91,460 per 10 grams, while 22K gold is at ₹87,100 per 10 grams in Uttar Pradesh. The current rates reflect a decline of ₹142 per 10 grams since the previous trading session.

MCX Gold Rate Update

As of 9:42 AM today, the Multi Commodity Exchange (MCX) shows the gold price at ₹92,859 per 10 grams, further reinforcing the downward trend. Investors and buyers are advised to monitor rates closely due to continued volatility driven by global market sentiment, inflation concerns, and geopolitical tensions.

Recent Gold Price Trends

In the past month, gold prices had surged past the ₹1 lakh mark, but the market has seen corrections recently. Experts attribute these fluctuations to shifting international demand, U.S. dollar strength, and evolving interest rate expectations globally.

Despite short-term volatility, gold remains a popular hedge against inflation and is often preferred during uncertain economic conditions.

City-Wise Gold Prices for May 16, 2025 (Per 10 grams)

City 24K Gold (₹) 22K Gold (₹)
Delhi 91,550 87,180
Mumbai 91,470 87,110
Kolkata 91,480 87,120
Chennai 91,600 87,250
Bangalore 91,510 87,150
Hyderabad 91,520 87,160
Lucknow 91,460 87,100
Jaipur 91,470 87,110
Ahmedabad 91,490 87,130
Chandigarh 91,460 87,100

Note: Prices may vary slightly depending on jewellers and market location.

Conclusion

Today’s fall in gold prices comes as a short-term correction following historic highs. Buyers planning festive or investment-related purchases may consider this dip as an opportunity. However, due diligence and timely rate checks are advised due to daily volatility.

Disclaimer: All gold rate figures are based on official market data and are subject to real-time changes. Please verify with local jewellers before making any purchases.

Author Profile

Kuldeep Singh Chundawat
Kuldeep Singh Chundawat
My name is Kuldeep Singh Chundawat. I am an experienced content writer with several years of expertise in the field. Currently, I contribute to Daily Kiran, creating engaging and informative content across a variety of categories including technology, health, travel, education, and automobiles. My goal is to deliver accurate, insightful, and captivating information through my words to help readers stay informed and empowered.