Gold and Silver Price Today, 16 May 2026:Gold and silver prices kind of bounced around on Saturday, 16 May 2026 , as global bullion markets kept wiggling, the US dollar stayed firm, and MCX futures trading kept on moving in its own way. Retail gold rates across major Indian places like Delhi, Mumbai, Chennai, Kolkata, Bengaluru and Hyderabad slipped after the little upturn seen earlier this week, you know that typical “rally then softening” pattern.
As per the newest market snapshot, 24K gold is trading near ₹15,655 per gram, while 22K gold sits around ₹14,910 per gram in most big cities. At the same time, 999 purity silver is hovering close to ₹2,89,900 per kilogram.
Gold and Silver Price Today, 16 May 2026
- Delhi: 24K: ₹1,62,800 | 22K: ₹1,49,200
- Mumbai: 24K: ₹1,62,650 | 22K: ₹1,49,000
- Chennai: 24K: ₹1,64,000 | 22K: ₹1,50,200
- Kolkata: 24K: ₹1,62,650 | 22K: ₹1,49,000
- Bengaluru: 24K: ₹1,62,700 | 22K: ₹1,49,050
- Hyderabad: 24K: ₹1,64,000 | 22K: ₹1,50,200
- Ahmedabad: 24K: ₹1,62,700 | 22K: ₹1,49,050
- Patna: 24K: ₹1,62,750 | 22K: ₹1,49,100
- Lucknow: 24K: ₹1,62,800 | 22K: ₹1,49,200
Silver Price Today in India
- Delhi: ₹2,80,000/kg
- Mumbai: ₹2,80,000/kg
- Kolkata: ₹2,80,000/kg
- Bengaluru: ₹2,80,000/kg
- Chennai: ₹3,04,900/kg
- Hyderabad: ₹3,04,900/kg
- Kerala: ₹3,04,900/kg
- Patna: ₹2,80,000/kg
Also some belts like Chennai, Hyderabad, and Kerala are seeing silver prices a bit higher, nearly ₹3,04,900 per kg.
Gold & Silver Prices Today (15 May 2026): Gold Down 1.5%, Silver Sees Biggest Drop in Weeks
MCX Gold and Silver Prices Today
On the Multi Commodity Exchange, MCX, precious metals remained under strain following recent profit taking and the usual global correction wave.
- MCX Gold futures slipped below ₹1.62 lakh per 10 grams
- MCX Silver futures also fell quickly, trading around ₹2.72 lakh per kilogram after one of the steepest weekly dips in some time.
Should You Buy Gold Now?
Market analysts generally say long-term investors could think about phased purchases when prices ease off, rather than dropping a lump sum during heavy volatility. And for jewellery shoppers, it’s better to cross check hallmark-certified rates at trusted jewellers, before you finally decide to buy.
