Gold Silver Rate Today on 16 October: Gold and silver prices hit new record highs on Thursday, ahead of Dhanteras. This surge was driven by positive global cues, strong domestic demand, and a weak dollar. Gold with December expiry date rose by ₹1,200, or 1 percent, to reach an all-time high of ₹1,28,395 per 10 grams on the Multi Commodity Exchange (MCX). Silver with December expiry date also rose by ₹1,900, or 1 percent, to reach ₹1,64,150 per kg on the MCX.

Gold also at record highs in the international market
Gold and silver prices reached record levels due to a weak dollar in the international market, continued geopolitical and economic tensions, and expectations of an interest rate cut by the Federal Reserve. The US dollar index declined by approximately 0.40 percent due to political and economic uncertainties in the world’s largest economy.

Gold and Silver Bullion Rates

According to the Indian Bullion Jewelers Association, the price of 24-carat gold in the bullion market on Thursday, October 16th, is ₹126,710 per 10 grams, while the price of 22-carat gold is ₹123,670 per 10 grams. Meanwhile, the price of silver in the bullion market is ₹174,000 per kilogram.

Latest Gold Rate in Delhi

24 Carat: 12,9590 per 10 grams

22 Carat: 11,8800 per 10 grams

Latest Gold Rate in Mumbai

24 Carat: 12,9440 per 10 grams

22 Carat: 11,8650 per 10 grams

Latest Gold Rate in Jaipur

24 Carat: 12,9590 per 10 grams

22 Carat: 11,8800 per 10 grams

Gold Price in Hyderabad

24 Carat: 12,9440 per 10 grams

FASTag annual passes see strong demand, with users crossing 2.5 million in just two months.

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In Delhi, the rate of 10 grams of gold is trading at Rs 73,840. Silver is trading at its peak level. The rate of silver is trading at Rs 89,200. Let us know what was the retail price of gold in some other big cities of the country.

Gold price in Delhi today

The price of 22 carat gold in Delhi on 16 May 2024 is approximately Rs 67,690 per 10 grams. Whereas the price of 24 carat gold is approximately Rs 73,840 per 10 grams.

Also Read: EPFO Rule Changed: You will get Rs 1,00,000 from EPF in three day, read in details

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Gold Rate Today: There was a rise in the price of gold today. Today the rate of 24 carat gold in Chennai stood at Rs 63,820. Gold rate in Delhi NCR is trading at Rs 63,100. The rate of silver is only Rs 79,500. The wedding season has started in the country and due to increasing demand, gold prices have started rising.

Gold price on December 1, 2023

Gold rate in Delhi

The price of 22 carat gold in Delhi was Rs 57,850 per 10 grams. For 24 carat, customers will have to pay Rs 63,100 per 10 grams.

Gold rate in Ahmedabad

Talking about other cities of the country, the retail price of 22 carat gold in Ahmedabad, Gujarat is Rs 57,750 and the price of 24 carat gold is Rs 63,000 per 10 grams.

Gold rate in Chennai

In Chennai, 22 carat gold was Rs 58,500 per 10 grams. The retail price of 24 carat gold in Chennai, the capital of Tamil Nadu, is Rs 63,820 per 10 grams.

This will be the gold rate in big cities of the country on December 1, 2023

This is how gold prices are decided

The price of gold is largely decided on the basis of demand and supply of gold in the market. If the demand for gold increases, the rate will also increase. If the supply of gold increases, the price will decrease. The price of gold is also affected by global economic conditions. For example, if the international economy is performing poorly, investors will look to gold as a safe investment option. This will increase the price of gold.

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Gold price on 21 November 2023

Gold rate in Delhi

The price of 22 carat gold in Delhi was Rs 57,000 per 10 grams. For 24 carat, customers will have to pay Rs 62,170 per 10 grams.

Gold rate in Ahmedabad

Talking about other cities of the country, the retail price of 22 carat gold in Ahmedabad, Gujarat is Rs 56,900 and the price of 24 carat gold is Rs 62,070 per 10 grams.

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The rates of 22 and 24 carat gold have decreased by Rs 100 to Rs 200. Gold rate in Delhi NCR is trading at Rs 61,790. The rate of silver is at Rs 75,200. The price of silver has increased.

Gold price on 6 November 2023

Gold rate in delhi

The price of 22 carat gold in Delhi was Rs 56,500 per 10 grams. For 24 carat, customers will have to pay Rs 61,790 per 10 grams.

Gold rate in Ahmedabad

Talking about other cities of the country, the retail price of 22 carat gold in Ahmedabad, Gujarat is Rs 56,400 and the price of 24 carat gold is Rs 61,790 per 10 grams.

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