Gold Price Today, May 16: 24K And 22K Rates Drop – Check City-Wise Update Daily Udaipur

New Delhi – Gold prices in India witnessed a decline on Friday, May 16, 2025, continuing the recent trend of market fluctuations. Both 24-carat and 22-carat gold rates have dipped today, providing potential buying opportunities for consumers following last month’s record highs.

According to the latest data, 24K gold is priced at ₹91,460 per 10 grams, while 22K gold is at ₹87,100 per 10 grams in Uttar Pradesh. The current rates reflect a decline of ₹142 per 10 grams since the previous trading session.

Gold Rate Today — Check Latest 24K, 22K & 18K Prices Per Gram in 10 States

📅 8 months ago

MCX Gold Rate Update

As of 9:42 AM today, the Multi Commodity Exchange (MCX) shows the gold price at ₹92,859 per 10 grams, further reinforcing the downward trend. Investors and buyers are advised to monitor rates closely due to continued volatility driven by global market sentiment, inflation concerns, and geopolitical tensions.

Recent Gold Price Trends

In the past month, gold prices had surged past the ₹1 lakh mark, but the market has seen corrections recently. Experts attribute these fluctuations to shifting international demand, U.S. dollar strength, and evolving interest rate expectations globally.

Gold Price Today: Check 24, 22, and 18 Carat Gold Rates Across 6 Major Cities (Per 10 Grams)

📅 8 months ago

Despite short-term volatility, gold remains a popular hedge against inflation and is often preferred during uncertain economic conditions.

City-Wise Gold Prices for May 16, 2025 (Per 10 grams)

City	24K Gold (₹)	22K Gold (₹)
Delhi	91,550	87,180
Mumbai	91,470	87,110
Kolkata	91,480	87,120
Chennai	91,600	87,250
Bangalore	91,510	87,150
Hyderabad	91,520	87,160
Lucknow	91,460	87,100
Jaipur	91,470	87,110
Ahmedabad	91,490	87,130
Chandigarh	91,460	87,100

Note: Prices may vary slightly depending on jewellers and market location.

Conclusion

Today’s fall in gold prices comes as a short-term correction following historic highs. Buyers planning festive or investment-related purchases may consider this dip as an opportunity. However, due diligence and timely rate checks are advised due to daily volatility.

Bring Home the Tata Punch for Just ₹50,000 Down: Full Financing Breakdown and Features

📅 11 months ago

Disclaimer: All gold rate figures are based on official market data and are subject to real-time changes. Please verify with local jewellers before making any purchases.

Author Profile

Kuldeep Singh Chundawat: My name is Kuldeep Singh Chundawat. I am an experienced content writer with several years of expertise in the field. Currently, I contribute to Daily Kiran, creating engaging and informative content across a variety of categories including technology, health, travel, education, and automobiles. My goal is to deliver accurate, insightful, and captivating information through my words to help readers stay informed and empowered.