Rally in Gold Rate in India Continues For Third Straight Day; Will Gold Price Today Hit Rs1.60 Lakh on 17 Apr?

Gold rates in India are on a firm upward trajectory, extending their gains for the third straight session this week as festive momentum ahead of Akshaya Tritiya 2026 gathers pace. The yellow metal has been on a steady climb, adding Rs 311 per gram in 24 Karat (24K) gold over the past three days-equivalent to a sharp rise of Rs 31,100 per 100 grams.

The rally is being fuelled by a supportive global backdrop, with optimism around renewed US-Iran negotiations easing inflation concerns, while a softer US dollar continues to strengthen gold's appeal as a safe-haven asset.

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

24 Karat Gold Rate Today in India

In the latest trading session, 24 Karat (24K) gold prices in India moved higher to Rs 15,557 per gram, marking an increase of Rs 22 from Rs 15,535 in the previous session.

For 8 grams, the price rose to Rs 1,24,456 from Rs 1,24,280, reflecting a gain of Rs 176. The rate for 10 grams advanced to Rs 1,55,570, up Rs 220 compared to Rs 1,55,350 earlier. On a bulk scale, 100 grams of 24K gold climbed by Rs 2,200 to Rs 15,55,700.

22 Karat Gold Rate Today in India

22 Karat (22K) gold prices also edged higher in tandem with the broader trend. The per gram rate increased to Rs 14,260 from Rs 14,240, gaining Rs 20. For 8 grams, prices rose to Rs 1,14,080 from Rs 1,13,920, up Rs 160. The price of 10 grams stood at Rs 1,42,600, registering a gain of Rs 200, while 100 grams of 22K gold advanced by Rs 2,000 to Rs 14,26,000.

18 Karat Gold Rate Today in India

18 Karat gold mirrored the upward movement, with the per gram price rising to Rs 11,668 from Rs 11,651, up Rs 17. For 8 grams, the rate climbed to Rs 93,344, gaining Rs 136, while 10 grams were priced at Rs 1,16,680, reflecting an increase of Rs 170. On a larger scale, 100 grams of 18K gold rose by Rs 1,700 to Rs 11,66,800.

MCX Gold Rate Latest Trends

On the domestic futures front, gold prices remained resilient on the Multi Commodity Exchange (MCX). Gold futures for June 5, 2026 expiry were trading at Rs 1,54,417 per 10 grams as of 5:55 PM IST on April 16, 2026, marking a rise of Rs 469 or 0.3% in the latest session.

The contract opened at Rs 1,54,651 and had a previous close of Rs 1,53,948, with volumes at 2,358 lots, indicating steady market participation. The spot reference price hovered around Rs 75,340.

Spot Gold Price Trends

Globally, gold prices regained momentum, climbing back above $4,800 per ounce on Thursday after a brief pullback. The recovery comes as investors weigh the prospects of renewed diplomatic engagement between the US and Iran, with reports suggesting a possible extension of the ceasefire to facilitate further negotiations.

Easing geopolitical tensions and expectations of softer inflation have lent support to bullion, even as developments in key trade routes like the Strait of Hormuz continue to be closely monitored.

Gold Rate Outlook Ahead of Akshaya Tritiya Amid US-Iran Tension

"We may expect gold to remain supported if geopolitical tensions continue to ease and festive demand strengthens further. From a technical perspective, if gold has seen a breakout, and if momentum sustains, prices may head towards 155000, followed by 170000, with a possible retest of 181000 in the coming months. Key downside support is seen at 136200, with a stronger base near 127500," said Kaveri More, Commodity Technical Research, Choice Broking.

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