A golf ball with favorable rebound and flight performances without impairing durability, and a method of manufacturing the same are provided. There are provided a golf ball having a solid core and a cover surrounding the solid core, characterized in that the solid core is composed of a vulcanizate of a rubber composition containing a microcapsule having sulfur coated with a thermoplastic resin, and a method of manufacturing the same. A blended amount of the sulfur in the microcapsule form is preferably 0.01 10 parts by mass with respect to 100 parts by mass of a rubber component.