High-resolution Hubble Space Telescope optical observations have been used to analyze the stellar population and the structure of the poorly investigated bulge globular cluster NGC 6316. We constructed the first high-resolution reddening map in the cluster direction, which allowed us to correct the evolutionary sequences in the color–magnitude diagram (CMD) for the effects of differential reddening. A comparison between the CMDs of NGC 6316 and 47 Tucanae revealed strikingly similar stellar populations, with the two systems basically sharing the same turnoff, subgiant branch, and horizontal branch morphologies, indicating comparable ages. The red giant branch in NGC 6316 appears slightly bluer than in 47 Tucanae, suggesting a lower metal content. This has been confirmed by the isochrone fitting of the observed CMD, which provided us with updated values of the cluster age, distance, average color excess, and metallicity. We estimated an absolute age of 13.1 ± 0.5 Gyr, consistent with the age of 47 Tucanae, an average color excess E(B − V) = 0.64 ± 0.01, and a true distance modulus (m − M)0 = 15.27 ± 0.03 that sets the cluster distance at 11.3 kpc from the Sun. In addition, the photometric estimate of the cluster metallicity suggests [Fe/H] ≈ −0.9, which is ∼0.2 dex smaller than that of 47 Tucanae. We also determined the gravitational center and the density profile of the system from resolved stars. The latter is well reproduced by a King model. Our results confirm that NGC 6316 is another extremely old relic of the assembly history of the Galaxy.