Gold Rate Today: Gold prices continue to rise ahead of Dhanteras and Diwali. On October 16, the price of 24-carat gold reached ₹1,29,600 per 10 grams in Delhi.
Experts predict that prices may touch ₹1.30 lakh per 10 grams on Dhanteras.
The increase in gold prices is being driven by strong festive demand, higher investments in gold ETFs, and global factors such as renewed US-China trade tensions, the possibility of a U.S.
Federal Reserve rate cut, heavy central bank purchases, and concerns over a potential U.S. government shutdown.
Let’s take a look at the latest gold rates in major Indian cities.
Gold Prices in Key Cities (per 10 grams)
| City | 22-Carat Gold | 24-Carat Gold |
|---|---|---|
| Delhi | ₹1,18,810 | ₹1,29,600 |
| Mumbai | ₹1,18,660 | ₹1,29,450 |
| Ahmedabad | ₹1,18,710 | ₹1,29,500 |
| Chennai | ₹1,18,660 | ₹1,29,450 |
| Kolkata | ₹1,18,660 | ₹1,29,450 |
| Hyderabad | ₹1,18,660 | ₹1,29,450 |
| Jaipur | ₹1,18,810 | ₹1,29,600 |
| Bhopal | ₹1,18,710 | ₹1,29,500 |
| Lucknow | ₹1,18,810 | ₹1,29,600 |
| Chandigarh | ₹1,18,810 | ₹1,29,600 |
Silver Prices Also Surge
On October 16, the retail price of silver jumped to ₹1,90,100 per kilogram amid a global supply shortage. The tight supply and strong demand have pushed silver ETF premiums higher.
However, a day earlier, on October 15, silver prices had dropped by ₹3,000, settling at ₹1,82,000 per kilogram in the Delhi bullion market.
Overall, both gold and silver are seeing strong upward momentum ahead of the festive season, supported by domestic demand and global market trends.
