Gold & silver on 16 May 2024
On 16 May 2024, the All India Bullion benchmark for 24K gold (999) was ₹72,431 per 10 g and 999 silver was ₹85,191 per kg, recorded at 03:00 IST. That was +₹372 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: ₹71,828+0.84%
- 30 days earlier: ₹74,425−2.68%
- 1 year earlier: ₹61,643+17.50%
Silver 999
- 7 days earlier: ₹82,817+2.87%
- 30 days earlier: ₹81,956+3.95%
- 1 year earlier: ₹72,937+16.80%
Every weight and purity on 16 May 2024
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 | ₹7,243 |
|---|---|
| 24K per 8 grams | ₹57,945 |
| 24K per 10 grams | ₹72,431 |
| 24K per tola1 tola = 11.6638 g | ₹84,482 |
| 24K per 100 grams | ₹7,24,310 |
| 22K per gramDerived at 916 fineness | ₹6,635 |
| 22K per 10 gramsDerived at 916 fineness | ₹66,347 |
| 22K per tolaDerived at 916 fineness | ₹77,386 |
Silver
| 999 per gram | ₹85 |
|---|---|
| 999 per 10 grams | ₹852 |
| 999 per 100 grams | ₹8,519 |
| 999 per kilogram | ₹85,191 |
Questions, answered
Gold and silver on 16 May 2024 — common questions
What was the gold rate on 16 May 2024?
24K gold (999) was ₹72,431 per 10 g — ₹7,243 per gram and ₹84,482 per tola.
What was the 22K gold rate on 16 May 2024?
About ₹66,347 per 10 g, or ₹6,635 per gram. 22K is 916 fine; a jewellery invoice adds making charges, wastage and 3% GST.
What was the silver rate on 16 May 2024?
999 silver was ₹85,191 per kg, which is ₹85 per gram and ₹8,519 per 100 g.
How much has gold changed since 16 May 2024?
Gold is up 97.27% since 16 May 2024.
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.
