Gold & Silver Rates Today (16-05-2026) Live: MCX Gold To Fall Below Rs 1.50 Lakh Or Hit Rs 1.60 Lakh Ahead?

Gold rates and silver rates in India extended their fall on May 16, 2026. 24 carat gold price almost dropped by Rs 10,000 on Saturday in 100 grams, while silver price plunged by Rs 10,000 to hit Rs 2.80 lakh per 1Kg mark. 10 grams gold is below Rs 1.57 lakh mark.

This comes after MCX gold and silver price recovered heavy losses in the late evening session of Friday, May 15, 2026. MCX gold which had dropped by over 2% in the Friday session, recovered to close around Rs 1,58,450 per 10 grams. While MCX silver price which had crashed by 8% in day trade of Friday, recorded to close at Rs 2,74,388 per 1Kg.

However, weekly performance of precious metals are bearish. Spot gold ended the week around $4,547 per ounce but with a weekly decline of 4%. Meanwhile, spot silver closed the week at $75.75 per ounce.

A series of events and data played a key role in toppling gold and silver prices. For instance, US producer, import, and export prices surged at its fastest space since 2022 in April, while US inflation recorded its highest level in April since 2023. This is due to prolonged US-Israel-Iran war and the ongoing shutdown of Strait of Hormuz. {live-blog}

Markets have now fully priced out the chance of a Federal Reserve rate cut this year, with some traders even wagering on a potential hike by December. Adding to the pressure, UBS strategists slashed their full-year investment demand from over 400 million ounces to 300 million ounces, amid weaker industrial usage, and increased mine supply. The bank also expects the silver market's supply deficit to shrink dramatically to around 60-70 million ounces, down from a previous estimate of 300 million ounces, as per Trading Economics.

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May 16, 2026, 1:47 pm IST

Silver Rates Today Live Updates: MCX Silver To Reclaim Rs 3 Lakh Mark Or Not?

MCX Silver futures are trading near the ₹2,70,000–₹2,72,000 zone after witnessing sharp profit booking from recent highs near ₹3,05,000. The recent decline reflects weakening short-term momentum and elevated volatility at higher levels, although prices continue to hold above important support regions, indicating that buying interest is emerging on declines. Immediate resistance is seen near ₹2,80,000–₹2,84,000, followed by ₹2,90,000–₹2,95,000. A sustained breakout above these levels could push prices toward the ₹3,00,000–₹3,05,000 region. On the downside, ₹2,65,000–₹2,60,000 acts as immediate support, with stronger support placed near ₹2,50,000. Overall, the broader trend remains constructive, though near-term momentum continues to reflect corrective weakness unless key resistance zones are reclaimed decisively: Ponmudi R, CEO of Enrich Money.

May 16, 2026, 1:47 pm IST

Silver Rates Today Live Updates: Spot Silver To Hit Or Fall Below Ahead?

COMEX Silver is trading near the – zone after witnessing sharp profit booking from recent highs near the region. The recent decline reflects weakening short-term momentum and heightened volatility at elevated levels, though prices are currently attempting to stabilise above important support zones. On the downside, the level is acting as immediate support, and a decisive break below this region could extend the correction toward , followed by the – zone, where stronger buying interest is likely to emerge. On the upside, immediate resistance is placed around the – zone, followed by a stronger hurdle near –. Overall, the broader trend remains cautious, while the near-term structure continues to reflect corrective weakness following the recent sharp rally. Momentum is likely to remain subdued unless prices decisively reclaim key resistance levels: Ponmudi R, CEO of Enrich Money.

May 16, 2026, 1:47 pm IST

Gold Rates Today Live Updates: MCX Gold Price Next Week Outlook: Rs 1.64 Lakh Mark Or Rs 1.50 Lakh?

MCX Gold futures are trading near the ₹1,58,000–₹1,59,000 zone after witnessing renewed selling pressure from higher levels. The broader price structure continues to remain positive on higher timeframes, although near-term momentum has turned cautious following rejection near the ₹1,62,000–₹1,64,000 resistance region. Immediate resistance is seen near ₹1,60,000–₹1,61,000, followed by ₹1,63,000–₹1,64,000. A sustained move above these levels could strengthen bullish momentum toward fresh highs. On the downside, ₹1,55,000–₹1,54,000 remains a key support zone, while a break below it may extend the correction toward ₹1,52,000–₹1,50,000, where stronger buying interest is expected. Overall, the broader trend remains constructive, while the near-term structure reflects a consolidation phase with a cautious undertone. Momentum is likely to stay range-bound unless prices decisively reclaim key resistance levels: Ponmudi R, CEO of Enrich Money.

May 16, 2026, 1:46 pm IST

Gold Rates Today Live Updates: Spot Gold To Hit ,800 Or Fall Below ,600 Next Week?

COMEX Gold is trading near the ,500–,550 zone after witnessing renewed selling pressure, with prices currently trading below the short-term moving averages, reflecting weakening near-term momentum and continued pressure at higher levels. Immediate resistance is seen at ,640–,680, followed by ,750–,800. A sustained move above these levels could improve momentum toward the ,900–,000 zone. On the downside, ,500–,450 remains a key support area, while a break below this could drag prices toward ,350–,300. Overall, the broader trend remains cautious, while the near-term structure continues to reflect corrective weakness. Momentum is likely to stay subdued with a weak undertone unless prices decisively reclaim key resistance zones: Ponmudi R, CEO of Enrich Money.

May 16, 2026, 11:27 am IST

Silver Rates Today Live Updates: 999 Purity Silver Price Dropped By Rs 10,000

Gram	Today	Yesterday	Change
1 g	₹280	₹290	- ₹10
8 g	₹2,240	₹2,320	- ₹80
10 g	₹2,800	₹2,900	- ₹100
100 g	₹28,000	₹29,000	- ₹1,000
1,000 g (1 Kg)	₹2,80,000	₹2,90,000	- ₹10,000

1Kg or 999 purity silver rate in India crashed by Rs 10,000 to Rs 2.80 lakh. Meanwhile, 100 grams silver rate slipped by Rs 1,000 to Rs 28,000 and 10 grams silver price dived by Rs 100 to Rs 2,800. Check Full Silver Rates Here

May 16, 2026, 11:24 am IST

Gold Rates Today Live Updates: 18 Carat Gold Prices In India Tumbled By Rs 7,300

Purity	Grams	Today's Price	Yesterday's Price	Change
18 Carat	1g	₹11,770	₹11,843	- ₹73
	8g	₹94,160	₹94,744	- ₹584
	10g	₹1,17,700	₹1,18,430	- ₹730
	100g	₹11,77,000	₹11,84,300	- ₹7,300

Under 18 carat, 100 grams gold is available at Rs 11,77,000, which is down by Rs 7,300 on May 16. Furthermore, 10 grams gold plummeted by Rs 730 to Rs 1,17,700 and 8 grams gold dipped by Rs 584 to Rs 94,160. Lastly, 1 gram gold is lower by Rs 73 to Rs 11,770.

May 16, 2026, 11:23 am IST

Gold Rates Today Live Updates: 22 Carat Gold Prices In India Dropped By Rs 9,000

Purity	Grams	Today's Price	Yesterday's Price	Change
22 Carat	1g	₹14,385	₹14,475	- ₹90
	8g	₹1,15,080	₹1,15,800	- ₹720
	10g	₹1,43,850	₹1,44,750	- ₹900
	100g	₹14,38,500	₹14,47,500	- ₹9,000

In 22 carat, 100 grams gold price plunged by Rs 9,000 to Rs 14,38,500 and 10 grams gold tumbled by Rs 900 to Rs 1,43,850. Also, 8 grams gold in 22 carat is lower by Rs 720 to Rs 1,15,080 and 1 gram gold edged lower by Rs 90 to Rs 14,385.

May 16, 2026, 11:22 am IST

Gold Rates Today Live Updates: 24 Carat Gold Prices In India Fall By Up To Rs 10,000

Purity	Grams	Today's Price	Yesterday's Price	Change
24 Carat	1g	₹15,693	₹15,791	- ₹98
	8g	₹1,25,544	₹1,26,328	- ₹784
	10g	₹1,56,930	₹1,57,910	- ₹980
	100g	₹15,69,300	₹15,79,100	- ₹9,800

24 carat gold rates fall by Rs 9,800 to Rs 15,69,300 in 100 grams, while 10 grmas gold dropped by Rs 980 to Rs 1,56,930. Meanwhile, 8 grams gold price slipped by Rs 784 to Rs 1,25,544 and 1 gram gold is down by Rs 98 to Rs 15,693.