24k/100 Grams Gold Price Rallies Rs 12K After Falling By 3.59%

Gold price today witnessed sharp rally in India after recent decline in yellow metal prices triggered jump in demand coupled with discounts offered by dealers. 24K gold price today jumped by Rs 1,200 to retail at Rs 95,130/10 grams and 24k/100 grams gold rate today surged by Rs 12,000 to Rs 9,51,300 on Friday. 22k gold price today rose by Rs 1,100 to Rs 87,200/10 grams and 22k/100 grams yellow metal prices soared by Rs 11,000 to settle at Rs 8,72,000.

Meanwhile, 18k gold price today registered jump of Rs 900 to Rs 71,350/10 grams and 18k/100 grams yellow metal prices gained 9,000 to trade at Rs 7,13,500 on May 16, 2025.

24k, 22k, 18K Per Gram Gold Rate

24k per gram gold rate added Rs 120 to Rs 9.513, 22k per gram precious metal prices surged by Rs 110 to Rs 8,720, and 18k per gram gold is trading at Rs 7,135 after rally of Rs 90.

Spot Gold Price Today

Spot gold fell 0.6% to $3,221.19 an ounce as of 0624 GMT. Yellow metal declined over 3% till now this week and is set for its worst weekly performance since November 2024. Spot silver plunged 0.7% to $32.44 an ounce, platinum dropped 0.3% to $986.35 and palladium plunged 1.2% to $957.20, added the Reuters report.

How Much Gold Prices Declined This Week?

22k gold prices were retailing at Rs 90,450 per 10 grams on May 11, 2025. Today gold prices stood at Rs 87,200/10 grams which reflects that the yellow metal declined 3.59% so far this week. Meanwhile, gold prices stood at Rs 87,750/10 grams on May 1, 2025 and it shows that precious metal slipped 0.63% since May 1 to May 16, 2025.

22k Gold Price In Last 5-Days In India (for 1 gram)

22k per gram gold price today jumped by Rs 110, fell by Rs 195 on May 15, declined by Rs 50 on May 14, soared by Rs 105 on May 13, and plunged sharply by Rs 295 on May 12.

Why Yellow Metal Prices Jumped On May 16?

Reuters added, “”The correction in gold prices has for sure encouraged some bargain hunting and a good entry point for those who may have missed the move higher,” said Ross Norman, an independent analyst. “We expect jewellery demand to stabilise over the coming quarters, retail investment demand will likely be strong given the compelling investment case for gold,” ANZ said in a note.

Silver Prices Today In India

Silver prices remained steady in India on May 16. 1 kg silver rate on Friday stood at Rs 97,000. On the other hand, 100 grams silver rates stood at Rs 9,700.

Silver Prices In Last 5-Days In India (1kg)

Silver prices stood steady today, plunged by Rs 900 on May 15, stayed flat on May 14, fell by Rs 1000 on May 13, and declined by Rs 100 on May 12.

Where Gold Prices Are Cheapest In The World On May 16, 2025?

22k per gram gold rates are lowest in England on May 16, 2025 at Rs 8,101 followed by Kuwait at Rs 8,249. Meanwhile, 22k per gram gold rate stood highest in Nepal today at Rs 9,117 followed by Singapore at Rs 8,709.

1 Gram Gold Rate In Key Metro Cities And States Of India On May 16, 2025

City	22K Gold Price Per Gram
Chennai Gold Price Today	22K gold rate is Rs 8,720
Mumbai Gold Price Today	22K gold price is Rs 8,720
Delhi Gold Rate Today	22K yellow metal price is Rs 8,735
Kolkata Gold Price Today	22K gold price is Rs 8,720
Bangalore Gold Price Today	22K gold rate is Rs 8,720
Hyderabad Gold Prices Today	22K gold rate is Rs 8,720
Kerala Gold Prices Today	22K gold rate is Rs 8,720
Gold Price In Lucknow Today	22K gold price is Rs 8,735
Patna Gold Rate Today	22K precious metal price is Rs 8,725

(Gold price figures source: Goodreturns.in)

Disclaimer: The story highlights gold prices and should not be considered an investment advice by Moneydaily.in or the author. Moneydaily.in and the author will not be held responsible for any losses caused as a result of decisions based on the above information. Moneydaily.in advises readers to do their own research or consult an expert before making any investment decisions.