What is the story about?
Gold Price Today (Gold Rate Today) 16 April 2026: Yellow metal prices rebounded on Thursday (April 16) after slipping in the previous session, supported
by weakness in the US dollar. However, easing geopolitical tensions, particularly hopes of a ceasefire involving Iran, limited the safe-haven premium. As of 5:10 am, spot gold was up 0.6 per cent (USD 29.7) at USD 4,819.73, recovering from a one-month low hit in the prior session. On the domestic front, gold futures on the Multi-Commodity Exchange (MCX) were not trading at the time of writing. In the previous session, gold futures settled nearly flat at Rs 1,53,998.
Dollar weakness supports gold
The US dollar, measured against a basket of six major currencies, the Euro, Japanese Yen, British Pound, Canadian Dollar, Swedish Krona, and Swiss Franc, was trading 0.1 per cent lower, hovering around the USD 98 level.The dollar has weakened approximately 2 per cent over the past week and about 2.3 per cent over the last month, after previously rising as high as USD 100. A weaker dollar typically makes gold more attractive to foreign buyers.
Analyst view: Buy on Dips strategy
According to analyst Bhupesh Sharma, concerns raised by the IMF about potential recession risks have supported safe-haven assets like gold. While a pullback rally has already occurred, the overall trend remains positive, with a “buy on dips” strategy recommended.Geopolitical developments in focus
On the geopolitical front, Iran may consider allowing ships to pass freely through the Omani side of the Strait of Hormuz without risk of attack, as part of proposals in ongoing negotiations with the United States, according to a Reuters report.Despite some easing in tensions, investors will continue to closely monitor developments related to the US-Iran conflict.
Oil prices and interest rate outlook
Oil prices have declined significantly over the past month and are now hovering near the USD 90 level. Lower oil prices can increase the likelihood of interest rate cuts, which in turn tends to support gold prices.City-wise 24K, 22K and 18K Gold rate (Per 10 Grams)
| City Name | 24-carat gold (10 grams) | 22-carat gold (10 grams) | 18-carat gold (10 grams) |
| Gold Rate in Chennai | 156220 | 143200 | 119400 |
| Gold Rate in Bengaluru | 155350 | 142400 | 116510 |
| Gold Rate in Delhi | 155500 | 142550 | 116660 |
| Gold Rate in Mumbai | 155350 | 142400 | 116510 |
| Gold Rate in Trivandrum | 155350 | 142400 | 142400 |
| Gold Rate in Kolkata | 155350 | 142400 | 116510 |
| Gold Rate in Hyderabad | 155350 | 142400 | 116510 |
| Gold Rate in Patna | 155400 | 142450 | 116560 |
| Gold Rate in Lucknow | 155500 | 142550 | 116660 |
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Today gold rate by IBJA
The India Bullion and Jewellers Association (IBJA) sets the daily “base price” of gold in India, which serves as the national benchmark for bullion rates. In simple terms, IBJA rates act as the reference price across the country. Below is a breakdown of gold prices based on different purity levels (carats) as defined by IBJA.
| Purity by carat | Morning rates | Evening rates |
| 24 carat gold | Rs 1,52,949per 10 grams | - |
| 23 carat gold | Rs 1,52,337per 10 grams | - |
| 22 carat gold | Rs 1,40,101per 10 grams | - |
| 18 carat gold | Rs 1,14,712per 10 grams | - |
| 14 carat gold | Rs 89,475per 10 grams | - |
(Disclaimer: The above article is meant for informational purposes only, and should not be considered as any investment advice. ET NOW DIGITAL suggests its readers/audience to consult their financial advisors before making any money-related decisions.)
