22k gold rate today: Check 24k, 22k, 18k gold prices (May 16, 2026) on Malabar Gold & Diamonds, Joyalukkas, Tanishq, Kalyan Jewellers and IBJA

Gold prices dipped on Saturday, May 16, 2026, in a volatile week that saw gold silver prices changing sharply. Gold and silver prices shot up after Prime Minister Narendra Modi appealed from Indians to delay their purchases and after the central government increased customs duty on both precious metals.

However, gold and silver rates softened across major jewellery brands amid pressure from rising US inflation and expectations of higher interest rates.

Prithviraj Kothari, managing director, RiddiSiddhi Bullions Ltd., president, India Bullion and Jewellers Association Ltd. (IBJA), said, gold faces a modest weekly decline while silver slipped below $82, weighed down by persistent US inflation and renewed rate hike expectations.

Kothari further says April data showed wholesale and consumer prices in India rising at their fastest pace since 2022 and 2023 respectively, driven largely by the Iran conflict and Strait of Hormuz closure, disrupting global energy flows. “Markets have fully priced out Fed cuts for 2025, with some now betting on a December hike. India tightened gold import norms, raising effective duty to 18.45%. Technically, gold holds $4,500–$4,780 range while silver finds support at $80,” says Kothari.

Gold prices today (May 16, 2026)

Amid such local and global micro and macro economic factors, check the latest gold prices at leading jewellery brands such as Tanishq, Malabar Gold & Diamonds, Kalyan Jewellers and Joyalukkas today. Also see the latest retail gold and silver jewellery prices at IBJA.

22k gold price at Tanishq today

Tanishq’s current price for 22k gold jewellery is Rs 14,395 per gram as of May 16, 2026, in New Delhi, Mumbai, Chennai, Kolkata and Bengaluru. The price of the same variety of gold on May 15, 2026, was Rs 14,595.