Gold Rates Spike Ahead of Akshaya Tritiya, MCX Price Near Rs 1.55 Lakh; Will Gold Price Today Surge on 16 Apr?

Gold rates in India are on a strong upward run, gaining momentum for the second straight session this week as festive demand ahead of Akshaya Tritiya kicks in. With buyers rushing to lock in purchases before further price hikes, the yellow metal has seen a sharp surge across purity levels.

Rally in Gold Prices Ahead of Akshaya Tritiya 2026; Jump of Nearly Rs 29,000 in Just 2 Days

The price of 24 Karat (24K) gold rose to Rs 15,535 per gram, gaining Rs 142, while 22 Karat (22K) gold increased to Rs 14,240 per gram, up Rs 130. Over the past two sessions, 24K gold has surged by Rs 289 per gram, translating into a sharp jump of Rs 28,900 per 100 grams.

Gold Rate in India: Check Latest 22K, 24K & 18K Gold Prices Per Gram

24 Karat Gold Rate Today in India

In the latest session, the rate of 24 Karat (24K) gold stood at Rs 15,535 per gram, compared to Rs 15,393 in the previous session, marking an increase of Rs 142. For larger quantities, 8 grams of 24K gold rose to Rs 1,24,280 from Rs 1,23,144, registering a gain of Rs 1,136.

Meanwhile, 10 grams climbed to Rs 1,55,350 from Rs 1,53,930, up by Rs 1,420. On a bulk level, 100 grams of 24K gold jumped by Rs 14,200 to Rs 15,53,500 from Rs 15,39,300.

22 Karat Gold Rate Today in India

Similarly, 22 Karat (22K) gold prices per gram increased to Rs 14,240 from Rs 14,110, gaining Rs 130 in the latest trading session. For 8 grams, prices moved up to Rs 1,13,920 from Rs 1,12,880, marking a rise of Rs 1,040. The price of 10 grams increased to Rs 1,42,400 from Rs 1,41,100, up by Rs 1,300. On a larger scale, 100 grams of 22K gold advanced by Rs 13,000 to Rs 14,24,000.

18 Karat Gold Rate Today in India

18 Karat gold rate per gram rose to Rs 11,651 from Rs 11,545, up Rs 106 in the latest trading session. For 8 grams, the price increased to Rs 93,208 from Rs 92,360, a gain of Rs 848. Meanwhile, 10 grams climbed to Rs 1,16,510 from Rs 1,15,450, up by Rs 1,060. On a bulk level, 100 grams of 18K gold rose by Rs 10,600 to Rs 11,65,100.

MCX Gold Rate Trends

On the domestic commodities market, gold prices on the Multi Commodity Exchange (MCX) remained firm in the latest trading session. MCX Gold 5 June futures were trading at Rs 1,54,997 per 10 grams in the evening session, marking a marginal gain of around 0.1%.

Spot Gold Price Trends

In the international market, gold traded around $4,820 per ounce on Wednesday, staying close to one-month highs. Prices were supported as investors closely tracked developments in US-Iran peace talks aimed at easing tensions in the Middle East, which often influence safe-haven demand.

Gold Rate Prediction Ahead of Akshaya Tritiya; Check Gold-Silver Technical Outlook by Expert

"Gold and silver are expected to remain well-supported this Akshaya Tritiya, underpinned by strong structural drivers and seasonal demand. Gold is likely to trend toward Rs 1,60,000-Rs 1,65,000 in the near term, with further upside potential to Rs 1,80,000 over the medium term," said Mr. Prithviraj Kothari, Managing Director at RiddiSiddhi Bullions Ltd., President of India Bullion and Jewellers Association Ltd.

Disclaimer: The views and recommendations expressed are solely those of the individual analysts or entities and do not reflect the views of Goodreturns.in or Greynium Information Technologies Private Limited (together referred as "we"). We do not guarantee, endorse or take responsibility for the accuracy, completeness or reliability of any content, nor do we provide any investment advice or solicit the purchase or sale of securities. All information is provided for informational and educational purposes only and should be independently verified from licensed financial advisors before making any investment decisions.