Gold charges in India prolonged their fall on Might 16, 2026. Nonetheless, gold value in Chennai witnessed a smaller decline by as much as Rs 1,700 in contrast to an enormous Rs 9,800 crash in gold charges in Hyderabad. All 24 carat, 22 carat and 18 carat gold costs are down in most metro cities. Promoting sentiment emerged in protected haven property as a result of hawkish macro situation owing to extended US-Israel-Iran tensions, which have saved the power disaster heightened.
Gold Charges In Hyderabad
24 carat gold charges fall by Rs 9,800 to Rs 15,69,300 in 100 grams, whereas 10 grmas gold dropped by Rs 980 to Rs 1,56,930. In the meantime, 8 grams gold value slipped by Rs 784 to Rs 1,25,544 and 1 gram gold is down by Rs 98 to Rs 15,693.
In 22 carat, 100 grams gold value plunged by Rs 9,000 to Rs 14,38,500 and 10 grams gold tumbled by Rs 900 to Rs 1,43,850. Additionally, 8 grams gold in 22 carat is decrease by Rs 720 to Rs 1,15,080 and 1 gram gold edged decrease by Rs 90 to Rs 14,385.
Underneath 18 carat, 100 grams gold is out there at Rs 11,77,000, which is down by Rs 7,300 on Might 16. Moreover, 10 grams gold plummeted by Rs 730 to Rs 1,17,700 and eight grams gold dipped by Rs 584 to Rs 94,160. Lastly, 1 gram gold is decrease by Rs 73 to Rs 11,770.
Gold Charges In Chennai
In Chennai, 24 carat gold charges declined by Rs 1,700 to Rs 16,09,100 per 100 grams. In case of 10 grams, gold is down by a meagre Rs 170 to Rs 1,60,910. Additionally, 8 grams gold dipped by Rs 136 to Rs 1,28,728 and 1 gram gold is down by Rs 17 to Rs 16,091.
Moreover, 22 carat gold fee in Chennai plunged by Rs 1,500 to Rs 14,75,000 per 100 grams and 10 grams gold plummeted by Rs 150 to Rs 1,47,500. Moreover, 8 grams gold tumbled by Rs 120 to Rs 1,18,000 and 1 gram gold value slipped by Rs 15 to Rs 14,750.
Coming to 18 carat, gold charges stood at Rs 12,31,000 per 100 grams, at Rs 1,23,100 per 10 grams, at Rs 98,480 per 8 grams and at Rs 12,310 per 1 gram. The costs are similar as yesterday.
As per Kaynat Chainwala, AVP Commodity Analysis, Kotak Securities, gold and silver costs remained below stress, weighed down by a hawkish macro repricing more and more traced to the US‑Iran battle.
The analyst said that the catalyst was a bruising week of US value information: client inflation rose to three.8% in April, the very best since Might 2023, whereas wholesale costs accelerated at their quickest tempo since 2022, each prints pushed considerably by power prices flowing from Hormuz provide disruptions.
He added, markets have now priced out Fed fee cuts fully, assigning as an alternative a one‑in‑three chance of a hike by December. It’s the fee and greenback implications of that inflation, not the inflation itself, that the market is buying and selling, with larger actual yields and a stronger greenback capping the non‑yielding steel’s upside. India’s resolution to lift import tariffs on gold and silver from 6% to fifteen% added an additional demand headwind, threatening to curtail one of many market’s most dependable bodily‑shopping for cushions.
Lastly, he stated, merchants now await clearer outcomes from the continuing US‑China talks. Each leaders described the summit in emphatic phrases, nevertheless markets took a extra measured view. Diplomatic language has not but translated right into a ceasefire breakthrough, and till Hormuz flows normalise, the inflationary overhang on valuable metals is unlikely to raise materially.
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