MUMBAI, Aug. 16 -- A family shopping for a wedding set this weekend will be quoted about Rs.1,42,200 for ten grams of 22 carat gold, and the jeweller quoting it has no better idea than they do what the metal is worth right now. Bullion markets are shut. The number on the board is Friday's, and Friday's number is already out of date.

That is the peculiar condition of the gold rate today, Sunday, August 16, 2026. The rates circulating across Indian jewellery counters and price aggregators are reference quotes carried over from the last session, not live marks. The Multi Commodity Exchange is closed. International spot trading does not resume until Sunday evening in New York, which is the small hours of Monday in India. Anyone reading a gol...