Gold Rate Today, July 16: Prices fall again; check 24, 22, 18 carat rate across major jewellers

Gold prices after gaining on the previous day declined on Thursday (July 16, 2026). According to GoodReturns.in, 24 carat gold was priced lower by ₹280 at ₹1,43,290 per 10 gm. Similarly, 22 carat and 18 carat gold fell in price by ₹250 and ₹200 to ₹1,31,350 and ₹1,07,470 per 10 gm, respectively.

On July 16, 2026, gold prices per gm across major brands are as follows:

Joyalukkas: 24 carat gold quoted at ₹14,329 per gm, while 22 carat gold was priced at ₹13,135 per gm. Meanwhile, 18 carat gold was available for ₹10,747 per gm.

Kalyan Jewellers: 24 carat gold today is priced at ₹14,356 per gm, while 22 carat gold is available for ₹13,160 per gm. 18 carat gold was priced at ₹10,767 per gm.

Malabar Gold and Diamonds: 24 carat gold is priced at ₹14,329. On the other hand, 22 carat is available for ₹13,135.

India Bullion and Jewellers Association (IBJA): 999 purity gold in the evening session (July 15, 2026) traded at ₹1,41,908 per 10 gm.

Factors influencing gold rate in India

On the MCX, gold prices continued their southward move. At around 11 am, gold August futures traded with a cut of 0.47% or ₹661 at ₹1,41,189 per 10 gm. The day's low and high-prices stood at ₹1,41,000 and ₹1,41,433 per 10 gm, respectively. In the previous session, the contract ended at ₹1,41,850.

Internationally, spot gold remained under pressure and was down by 0.8% at $4,027.54 per ounce. US gold futures for August delivery traded in the red, down 0.46% at $4,033.27 per ounce.

Gold prices softened despite weakness in the US dollar as the latest data showed producer prices declined unexpectedly in June, reinforcing bets that the Federal Reserve is unlikely to hike rates in the near term.

Lower interest rates tend to support non-interest yielding assets like gold by lowering the opportunity cost of holding these assets.

Analysts are of the viewpoint that inflationary concerns given the continued rise in oil price on the back of fresh escalation in West Asia could keep rates elevated, capping gains in the precious yellow-metal.