Gold Rates Today (16-05-2026) Fall Hard: 24K, 22K, 18K Gold At IBJA, Tanishq, Malabar, GRT, Joyalukkas, More

Gold rates in India continued to crash on Saturday, May 16, amidst hawkish macro indicators and continued tensions between the US and Iran. 24 carat gold price dropped by nearly Rs 10,000 on May 16 in 100 grams, while 10 grams of gold is below the Rs 1.57 lakh mark. The broader sentiment in bullion remains constructive and prices are expected to be range bound in the coming days.

The reason behind the latest selling pressure in gold, as per Axis Securities analysts, is due to stronger-than-expected U.S. economic data, which lifted the dollar and dampened expectations of near-term Federal Reserve rate cuts.

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Tanishq Gold Rates Today

22 carat gold rates plunged to Rs 14,395 per 1 gram, while 8 grams gold in the same carat stood at Rs 115,160. Meanwhile, 22 carat gold rate in 10 grams stood at Rs 143,950 and in 100 grams, was at Rs 1,439,500.

Also, 24 carat gold rate is at Rs 15,704 per 1 gram and at Rs 1,57,040 per 10 grams. In case of 18 carat, gold rates were at Rs 11,778 per 1 gram and at Rs 1,17,780 per 10 grams.

IBJA Gold Rates Today

The 999 purity gold rate is at Rs 15,821 per 1 gram, while the 916 purity gold price stood at Rs 15,758 per 1 gram. Additionally, 916 purity gold rate is at RS 14,492, 750 purity gold is at Rs 11,866 per 1 gram and lastlt 585 purity gold stood at Rs 9,255 per 1 gram at IBJA.

Malabar Gold Rates Today

At Malabar, 24 carat gold rates are at Rs 15,655 per 1 gram and at Rs 1,56,550 per 10 grams. Moreover, 22 carat gold prices are at Rs 14,350 per 1 gram and at Rs 1,43,500 per 10 grams.

Kalyan Jewellers Gold Rates Today

On May 16, 22 carat gold price stood at Rs 14,385 per 1 gram and at Rs 1,43,850 per 10 grams at Kalyan Jewellers.

GRT Gold Rates Today

Here, 1 gram gold rates stood at RS 15,704 in 24 carat, at Rs 14,385 in 22 carat, at Rs 11,778 in 18 carat and at Rs 9,161 in 14 carar. Further, 1 gram silver rate is at Rs 290 and 1 gram platinum price is at Rs 8,022.

Joyalukkas Gold Rates Today

22 carat gold prices are at Rs 14,350 per 1 gram and at Rs 1,43,500 per 10 grams at Joyalukkas in various states. These are Andhra Pradesh, Delhi, Gujarat, Karnataka, Kerala, Maharashtra, Odisha, Punjab, Tamil Nadu, Telangana, Uttar Pradesh, and West Bengal.

Bhima Gold Rates Today

At BHIMA, 1 gram gold prices are at Rs 14,199 in 22 carat, at Rs 15,650 in 24 carat, and at Rs 11,499 in 18 carat. 1 gram silver is here at Rs 259.

Abharan Gold Rates Today

1 gram gold price stood a Rs 15,643 in 24 carat, at Rs 14,340 in 22 carat, at Rs 11,733 in 18 carat and at Rs 9,125 in 14 carat. Meanwhile, 1 gram silver stood at Rs 271.3.

Jos Alukkas Gold Rates Today

At Jos Alukkas, 24 carat gold rate of 1 gram is at Rs 15,698 and 22 carat gold is at Rs 14,385. Lastly, 1 gram gold price is at Rs 11,880.

Gold Rates In India Outlook

According to Ponmudi R, CEO of Enrich Money, here's how gold rates in India could perform ahead.

MCX Gold futures are trading near the Rs1,58,000-Rs1,59,000 zone after witnessing renewed selling pressure from higher levels. The broader price structure continues to remain positive on higher timeframes, although near-term momentum has turned cautious following rejection near the Rs1,62,000-Rs1,64,000 resistance region.

Immediate resistance is seen near Rs1,60,000-Rs1,61,000, followed by Rs1,63,000-Rs1,64,000. A sustained move above these levels could strengthen bullish momentum toward fresh highs. On the downside, Rs1,55,000-Rs1,54,000 remains a key support zone, while a break below it may extend the correction toward Rs1,52,000-Rs1,50,000, where stronger buying interest is expected. Overall, the broader trend remains constructive, while the near-term structure reflects a consolidation phase with a cautious undertone. Momentum is likely to stay range-bound unless prices decisively reclaim key resistance levels.

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