Gold & silver on 16 May 2023
On 16 May 2023, the All India Bullion benchmark for 24K gold (999) was ₹61,975 per 10 g and 999 silver was ₹73,139 per kg, recorded at 03:00 IST. That was −₹95 against the previous fix.
Recorded . India-wide reference rates. A city price differs by the local premium a dealer applies there.
Where that stood
Gold 999 (24K)
- 7 days earlier: ₹62,216−0.39%
- 30 days earlier: ₹60,266+2.84%
Silver 999
- 7 days earlier: ₹75,915−3.66%
- 30 days earlier: ₹73,468−0.45%
Every weight and purity on 16 May 2023
A 22K figure is a metal value at 916 fineness, not a jewellery invoice — making charges, wastage and 3% GST come on top.
Gold
| 24K per gram | ₹6,198 |
|---|---|
| 24K per 8 grams | ₹49,580 |
| 24K per 10 grams | ₹61,975 |
| 24K per tola1 tola = 11.6638 g | ₹72,286 |
| 24K per 100 grams | ₹6,19,750 |
| 22K per gramDerived at 916 fineness | ₹5,677 |
| 22K per 10 gramsDerived at 916 fineness | ₹56,769 |
| 22K per tolaDerived at 916 fineness | ₹66,214 |
Silver
| 999 per gram | ₹73 |
|---|---|
| 999 per 10 grams | ₹731 |
| 999 per 100 grams | ₹7,314 |
| 999 per kilogram | ₹73,139 |
Questions, answered
Gold and silver on 16 May 2023 — common questions
What was the gold rate on 16 May 2023?
24K gold (999) was ₹61,975 per 10 g — ₹6,198 per gram and ₹72,286 per tola.
What was the 22K gold rate on 16 May 2023?
About ₹56,769 per 10 g, or ₹5,677 per gram. 22K is 916 fine; a jewellery invoice adds making charges, wastage and 3% GST.
What was the silver rate on 16 May 2023?
999 silver was ₹73,139 per kg, which is ₹73 per gram and ₹7,314 per 100 g.
How much has gold changed since 16 May 2023?
Gold is up 125.74% since 16 May 2023.
Is this the gold rate for my city?
No. This is an India-wide reference reading. A city price adds the local premium a dealer applies there, so it can differ by a few hundred rupees per 10 g.
