On April 16, 2026, gold prices saw a modest increase as tensions between the United States and Iran eased, which contributed to a more stable market environment. Major jewellery brands, including Tanishq, Malabar Gold & Diamonds, and Kalyan Jewellers, reported 22k gold rates ranging from ₹14,260 to ₹14,300 per gram, up from previous rates of ₹14,240. Prithviraj Kothari, managing director of RiddiSiddhi Bullions Ltd. and president of the India Bullion and Jewellers Association Ltd. (IBJA), indicated that gold is expected to trend towards ₹1,60,000–₹1,65,000 in the near term, with potential for further increases up to ₹1,80,000. As Akshaya Tritiya approaches on April 19, 2026, jewellery brands are launching special pre-booking schemes and cashback offers to attract buyers, highlighting the seasonal demand for gold. The IBJA's indicative retail selling rates for gold jewellery on April 16, 2026, show fine gold at ₹15,331 per gram, reflecting an increase from ₹15,287 the previous day.