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Gold Price Today –
16 May 2026
Global Gold: Worst Week Since January
Gold endured its worst week in months — crashing to $4,483/oz on Friday, the lowest since March 2026, down ~4% for the week. India’s 24K gold settled at ₹15,791/gram (₹1,57,910/10g) on Friday. A record-shattering story: India’s gold discount hit $200+ per ounce over international prices — the deepest discount in India’s gold market history. Here is everything you need to know