Gold Rate In India Today (16-10-2026): Price Pauses After A Heavy Fall Of Rs. 39800/100g in 4 Days; Buy Time?

Gold prices in India today are taking a breather, with no major movement recorded in early trade. Over the past four days, the 24 karat gold rate in India has slipped sharply by Rs.39,800 per 100 grams in the bullion market.

Traditionally, October & November observe strong gold and jewellery demand due to the festive & wedding season in India. However, with gold prices now declining, it is a great time for buyers to jump in and make the big jewellery purchases that they were postponing.

In the international market, Gold was trading above $4,150 per ounce on Friday after rebounding in the previous session, as the recent selloff in equities drove safe-haven demand for government bonds and precious metals as per data from Trading Economics.

Gold Rate in India Today

Since there is no movement in gold prices, on October 16th, 22-carat gold rates in India are currently steady at Rs.1,35,150 per 10 grams, while the 24-carat gold rates are at Rs. 1,47,440 per 10 grams. Just like that, 18-carat gold rates in India were stable at Rs. 1,10,580 per 10 grams.

For heavy weight quantities, 100 grams of 24-carat gold rates are now priced at Rs. 14,74,400, while the 22-carat gold today costs Rs.13,51,500.

Silver Rate in India Today

The silver rate in India today also observed no rise or fall and remained steady at yesterday's performance. Currently, 1 kg of silver costs Rs 2,30,000, while 100g costs Rs. 23,000.

Gold Price Outlook Ahead

"Gold and silver fell sharply after US inflation came in hotter than expected. September CPI rose to 3.7%, above the 3.6% forecast, and that lifted bets on a Fed rate hike. CME FedWatch now shows about a 25% chance of a hike this month and a 65% probability in December. Geopolitical risk is still high, with a ship sunk in the Strait of Hormuz, Houthi strikes on Saudi Arabia and Russia-Ukraine refinery attacks. On the charts, gold has bounced off $4080, so dips look like buying chances. Silver is holding near $55-56 support, and short-covering could take it towards $58.50." said Prithviraj Kothari, Managing Director at RiddiSiddhi Bullions Ltd., President of India Bullion and Jewellers Association Ltd. and Chairman at Jain International Trade Organisation

City-Wise Gold Rates Today

Gold rates in several major metropolitan cities in India, such as Chennai, Mumbai, Bangalore, and Hyderabad, observed no rise or fall. Here's the latest city-wise update on 22-carat and 24-carat gold rates as of October 16.

Gold Rates In Chennai

In Chennai, the 24-carat gold rate stands at Rs. 1,47,440 per 10 grams, while the 22-carat gold retails at Rs.1,35,150 per 10 grams.

Gold Rates In Bangalore

In Bangalore, the gold rate for 24-carat is Rs. 1,47,440 per 10 grams, and the 22-carat gold rate in Bangalore is Rs.1,35,150 per 10 grams.

Gold Rates In Hyderabad

In Hyderabad, the 24K gold price is Rs. 1,47,440 per 10 grams, and the 22K gold rate there is Rs.1,35,150 per 10 grams.

Gold Rates In Mumbai

In Mumbai, the 22-carat gold rate is Rs. 1,47,440 per 10 grams, while the 24-carat gold price in Mumbai remains at Rs.1,35,150 per 10 grams.

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