However, gold and silver rates eased across major jewelry brands amid pressure from rising inflation in the United States and expectations of higher interest rates.
RiddiSiddhi Bullions Ltd. Managing Director Prithviraj Kothari, Chairman of India Bullion and Jewelers Association Ltd. (IBJA), said gold is facing a modest weekly decline, while silver fell below $82, weighed down by persistent US inflation and renewed rate hike expectations.
Kothari further says that April data showed that wholesale and consumer prices in India rose at their fastest pace since 2022 and 2023 respectively, largely driven by the Iran conflict and the closure of the Strait of Hormuz, which disrupted global energy flows. “Markets have fully priced in the Fed’s 2025 cuts, with some now betting on a hike in December. India has tightened gold import norms, raising effective tariffs to 18.45%. Technically, gold remains in the range of $4,500 to $4,780, while silver finds support at $80,” says Kothari.
Gold prices today (May 16, 2026)
Amid these local and global micro and macroeconomic factors, check out the latest gold prices today across leading jewelery brands like Tanishq, Malabar Gold & Diamonds, Kalyan Jewelers and Joyalukkas. Also check out the latest retail prices for gold and silver jewelry at IBJA.
22 carat gold price in Tanishq today
The current Tanishq price for 22K gold jewelery is Rs 14,395 per gram as on May 16, 2026 in New Delhi, Mumbai, Chennai, Kolkata and Bengaluru. The price of the same variety of gold on May 15, 2026 was Rs 14,595.
22k gold rate in Joyalukkas today
The current price of 22 carat gold jewelery at Joyalukkas is Rs 14,350 per gram as on May 16, 2026 in New Delhi, Mumbai, Chennai, Kolkata and Bengaluru. The price of the same variety of gold on May 15, 2026 was Rs 14,550.
22k gold rate at Kalyan Jewelers today
The latest price of 22K gold jewelery at Kalyan Jewelers is Rs 14,385 per gram as on May 16, 2026 in New Delhi, Mumbai, Chennai, Kolkata and Bengaluru.
22 carat gold price at Malabar Gold & Diamonds
Malabar Gold & Diamonds latest price for 22K gold jewelery is 14,350 per gram as on May 16, 2026 in New Delhi, Mumbai, Chennai, Kolkata and Bengaluru. The price of the same variety of gold on May 15, 2026 was Rs 14,550.
Note: All rates are updated as per the jewelry brands’ respective websites as of 2:41 pm on May 16, 2026. Rates may change throughout the day and may vary based on state, tax structures and other applicable charges.
IBJA Indicative Gold Jewelry Retail Rates: May 15, 2026 (PM Rates). IBJA does not update rates on weekends.
Gold purity rate
Fine gold (999) Rs 15,821 per gram
22 kt gold: Rs 15,441 per gram
20 KT Gold: Rs 14,081 per gram
18 kt gold: Rs 12,815 per gram
14 kt gold: Rs 10,205 per gram
Silver Rate
Silver (999) Rs 2,68,500 per kg