Athmangold buyers, here is your Saturday May 16 savings analysis. Plain numbers, real gram savings, no analysis you do not need.
Today’s prices: 24K: $145.96/gram | 22K: $133.80/gram | 21K: $127.72/gram | 18K: $109.47/gram
Savings vs. one week ago (May 9, ~$4,720/oz): 24K savings: $5.77/gram | On a 20-gram piece: $115.40 saved | On a 50-gram necklace: $288.50 saved
Savings vs. two weeks ago (May 2, ~$4,800/oz): 24K savings: $8.35/gram | On a 20-gram piece: $167.00 saved | On a 50-gram necklace: $417.50 saved
Savings vs. January all-time high ($5,595/oz): 24K savings: $29.81/gram | On a 20-gram piece: $596.20 saved | On a 50-gram necklace: $1,490.50 saved
These are the largest gram savings at the counter since March 2026. For buyers with weddings, engagements, gifts, or savings plans in the coming weeks, the entry point this weekend is the most favourable in over two months.
Will prices go lower? Possibly. Next week brings FOMC minutes on Wednesday, PMI on Thursday, and Michigan inflation survey on Friday. If the minutes show Fed officials discussing rate hikes, gold could test $4,450. On the other hand, the Trump-Xi summit just produced a joint statement that Hormuz must remain open and China has pulled back from supporting Iran’s position — that is the most positive geopolitical news for gold in months and markets have not yet fully priced it in.
The honest advice: Nobody can call the exact bottom. What we can say is that today’s price represents an 18.9% discount from January’s record. Goldman Sachs targets $5,400 by year-end — a 19% gain from here. For buyers with a 6 to 12 month horizon, waiting for a further $100 to $150 dip while risking a sudden Hormuz-reopening rally of $300 to $400 is a trade-off that experienced gold buyers typically resolve in favour of action. Current prices: 24K — $145.96/gram | 22K — $133.80/gram | 21K — $127.72/gram All prices USD. Saturday rates. Markets reopen Monday — confirm before purchase.
