Gold Rate Today, April 16: How much you have to pay for 22, 24 carat gold jewellery

Gold prices are in an uptrend currently, rising for the third-consecutive day today (April 16, 2026). The rise is on the back of optimism around the likely end of the US-Iran war.

In the retail market, 24 carat gold price surged by ₹ 220 or 0.14% to ₹1,55,850 per 10gm. On the previous day, 24 carat gold was priced at ₹1,55,630 per 10 gm.

22 carat gold, meanwhile, increased in price by 0.14% or ₹200 to ₹1,42,880 per 10 gm.

There is a variation in the gold rates across cities and brands. The prices are a factor of several measures, including mark-ups, local demand, transportation and other charges. As of April 16, 2026, here below are the latest rates across major brands.

Tanishq: 22 carat gold is priced at ₹1,43,000 per 10 gm, while the price of 24 carat gold is ₹1,56,000.

Joyalukkas: 22 carat gold is priced at ₹1,42,600 per 10 gm

Kalyan Jewellers: 22 carat gold is priced at ₹1,42,600 per 10 gm, while the price of 24 carat gold is ₹1,55,560

Factors influencing gold prices in India today

Similar to international price movement, gold prices today increased on the back of weakness in the dollar. As per reports, the greenback is hovering close to its one-month low, and the softness is supporting gold prices.

Typically, as gold is priced in dollar globally, any softness in the dollar supports gold prices as buyers in other currencies find the bullion now more affordable.

On the sidelines, the investors are also tracking optimism around the US-Iran war, with Iran and Pakistan's Army chief slated to hold talks today.

Gold prices on the MCX were trading higher on Thursday (April 16, 2026). Gold futures for June delivery at around 10:30 am (IST) were trading with a gain of 0.6% or ₹920 at ₹1,54.868 per 10 gm.

Meanwhile, in the international bullion market, gold June futures were up 0.72% or $34 at $4,858.34 per ounce.