Gold Price Today in India (August 16): Gold prices remained unchanged on Sunday, August 16, after the bullion market saw a volatile week marked by repeated declines and sharp corrections. The latest benchmark rate stood at ₹15,513 per gram for 24 K gold, ₹14,220 per gram for 22K gold and ₹11,635 per gram for 18K gold.
That translates to ₹1,55,130, ₹1,42,200 and ₹1,16,350 per 10 grams, respectively.
Gold Price Today in India (August 16): Domestic Gold Prices
The domestic gold market remained steady on Sunday as there was no fresh trading activity in the Indian bullion and futures markets over the weekend. The latest benchmark puts 24K gold at ₹1,55,130 per 10 grams, while 22K gold costs ₹1,42,200 per 10 grams.
The latest national rates are:
- 24K Gold (99.9% purity): ₹15,513 per gram | ₹1,55,130 per 10 grams
- 22K Gold (91.6% purity): ₹14,220 per gram | ₹1,42,200 per 10 grams
- 18K Gold (75% purity): ₹11,635 per gram | ₹1,16,350 per 10 grams
Gold Price Today in India (August 16): City-wise Gold Rate Today (Per 10 Grams)
City-wise gold prices remained largely stable on August 16.
Delhi Gold Rate Today (August 16)
- 24K Gold: ₹1,55,280 per 10 grams
- 22K Gold: ₹1,42,350 per 10 grams
- 18K Gold: ₹1,16,500 per 10 grams
Mumbai Gold Rate Today (August 16)
- 24K Gold: ₹1,55,130 per 10 grams
- 22K Gold: ₹1,42,200 per 10 grams
- 18K Gold: ₹1,16,350 per 10 grams
Chennai Gold Rate Today (August 16)
- 24K Gold: ₹1,55,130 per 10 grams
- 22K Gold: ₹1,42,200 per 10 grams
- 18K Gold: ₹1,20,000 per 10 grams
Bengaluru Gold Rate Today (August 16)
- 24K Gold: ₹1,55,130 per 10 grams
- 22K Gold: ₹1,42,200 per 10 grams
- 18K Gold: ₹1,16,350 per 10 grams
Hyderabad Gold Rate Today (August 16)
- 24K Gold: ₹1,55,130 per 10 grams
- 22K Gold: ₹1,42,200 per 10 grams
- 18K Gold: ₹1,16,350 per 10 grams
Kolkata Gold Rate Today (August 16)
- 24K Gold: ₹1,55,130 per 10 grams
- 22K Gold: ₹1,42,200 per 10 grams
- 18K Gold: ₹1,16,350 per 10 grams
Kerala Gold Rate Today (August 16)
- 24K Gold: ₹1,55,130 per 10 grams
- 22K Gold: ₹1,42,200 per 10 grams
- 18K Gold: ₹1,16,350 per 10 grams
Pune Gold Rate Today (August 16)
- 24K Gold: ₹1,55,130 per 10 grams
- 22K Gold: ₹1,42,200 per 10 grams
- 18K Gold: ₹1,16,350 per 10 grams
Ahmedabad Gold Rate Today (August 16)
- 24K Gold: ₹1,55,180 per 10 grams
- 22K Gold: ₹1,42,250 per 10 grams
- 18K Gold: ₹1,16,400 per 10 grams
Lucknow Gold Rate Today (August 16)
- 24K Gold: ₹1,55,280 per 10 grams
- 22K Gold: ₹1,42,350 per 10 grams
- 18K Gold: ₹1,16,500 per 10 grams
Gold Price Today in India (August 16): MCX Performance
The MCX is closed on Sunday, so there is no fresh domestic futures trading session on August 16. The latest MCX direction therefore remains linked to Friday’s close and global bullion movements.
International gold ended the week with some recovery after the recent sell-off. The Wall Street Journal reported that gold futures gained 0.4% to $4,380.40 per troy ounce at the end of the week as expectations of a September Federal Reserve rate hike declined.
However, gold remains volatile after the sharp decline seen earlier in the week. Comex gold for August delivery had fallen 1.03% to $4,363.60 per ounce on August 13, marking its biggest one-day decline since July 31.
Gold Price Today in India (August 16): Key Considerations For Buyers
Gold buyers should look beyond the headline bullion price before making a purchase.
- Check purity: Verify the BIS hallmark and HUID on jewellery.
- Compare jewellers: Retail prices can differ between stores.
- Check making charges: These can substantially increase the final bill.
- Add GST: The headline gold rate does not represent the complete purchase price.
- Check weight: Ask for a clear breakup of gold and stone weight.
- Track MCX: MCX gold can provide useful clues about domestic market direction when trading resumes.
- Watch global gold: US interest-rate expectations, the dollar, inflation and geopolitical developments can affect bullion prices.
- Check the final invoice: Ensure the bill separately mentions purity, weight, making charges and taxes.
