Precious metals prices today 16/5/2026: Global gold, silver, palladium and platinum all show declines vs previous day

On 16/5/2026, the precious-metals market showed broad weakness in key international benchmarks. Over the previous day, global gold, silver, palladium, and platinum all moved lower.

International prices (selected)

• Gold: 6,289.5 USD/lb (previous day: 6,289.5; 7 days ago: 6,297; 30 days: not provided)

• Palladium: 1,429 USD/oz (previous day: 1,429; 7 days ago: 1,487.8; 30 days: not provided)

• Platinum: 1,985.2 USD/oz (previous day: 1,985.2; 7 days ago: 2,059.3; 30 days: not provided)

• Silver: 76.295 USD/oz (previous day: 76.295; 7 days ago: 80.865; 30 days: not provided)

News flow over the past 24 hours also pointed to downside pressure. Multiple reports highlighted that global gold fell and that SJC gold in Vietnam declined further (noted as down by 1 million VND/tael), while silver prices dropped sharply.

Overall, the available data for 16/5/2026 indicates a synchronized pullback across major precious metals in international pricing, with silver showing one of the larger declines versus 7 days ago.