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Gold Price In Chennai, Delhi, Mumbai and Kolkata: Check latest rates of yellow metal in major metro cities.
Gold Price Today, May 16.
Gold Price Today In India, May 16: Gold prices on Tuesday decline sharply amid on hopes of easing US-China trade tensions and renewed prospects of a US-Iran nuclear deal. In Mumbai, the price of gold stood at Rs 86,140 per 10 gram for 22-carat and Rs 93,870 per 10 gram for 24-carat. Silver prices also fell to Rs 96,900 per kg.
On the MCX, gold prices declined by 0.15 per cent to trade at Rs 93,027 per 10 grams and silver was trading lower by 0.30 per cent at Rs 95,626 per kg in the morning session.
Recently, gold prices hit the Rs 1 lakh mark after increasing for the past few weeks amid global economic uncertainties and US recession fears.
Known for its unmatched purity, 24-carat gold continues to attract buyers seeking premium quality. Meanwhile, 22-carat gold, prized for its durability and timeless charm, remains a favourite among jewellery enthusiasts and investors alike, striking a balance between elegance and practicality.
Here’s a detailed breakdown of gold prices across key cities (May 15, 2025):
| City | 22K Gold (per 10gm) | 24K Gold (per 10gm) |
|---|---|---|
| Delhi | Rs 86,240 | Rs 94,070 |
| Jaipur | Rs 86,240 | Rs 94,070 |
| Ahmedabad | Rs 88,090 | Rs 96,100 |
| Patna | Rs 86,140 | Rs 93,870 |
| Mumbai | Rs 86,140 | Rs 93,870 |
| Hyderabad | Rs 86,090 | Rs 93,920 |
| Chennai | Rs 86,090 | Rs 93,920 |
| Bengaluru | Rs 86,090 | Rs 93,920 |
| Kolkata | Rs 86,090 | Rs 93,920 |
Silver Price In India Today (May 16, 2025)
The price of silver also traded lower to Rs 96,900 per kg in Mumbai, according to goodreturns.in.
What Factors Affect Gold Prices In India?
International market rates, import duties, taxes, and fluctuations in exchange rates primarily influence gold prices in India. Together, these factors determine the daily gold rates across the country.
In India, gold is deeply cultural and financial. It is a preferred investment option and is key to celebrations, particularly weddings and festivals.
With constantly changing market conditions, investors and traders monitor fluctuations closely. Staying updated is crucial for effectively navigating dynamic trends.
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