Gold Rate Today: Today the price of gold is open on the green mark. After the fall in the price of gold for four consecutive days, it has seen a boom today. Yesterday, the price of gold reached its minimum level of one month. Today, the price of 10 grams of gold has increased by Rs 1200. Gold is getting about Rs 5,000 cheaper from its peak level of Rs 1,00,000. The rate of 24 carat gold is trading at Rs 95,200 and 22 carat gold at 87,200. Know here today on Friday 16 May 2025, what was the price of gold and silver in big cities of the country.
Why is there a decline in the price of gold
Today, after four days of fall in gold prices, there is a boom. The atmosphere around the world has calmed down slightly. Gold prices declined after the ongoing trade tension between the US and China declined. But today the gold opened on the green mark. Now people are liking options like stock market instead of putting money in gold because when the atmosphere is fine, people are ready to take the risk.
Apart from this, the demand for gold in the Russian-Ukraine war and the stress between Indo-Pak has also been affected by the demand for gold. At the same time, gold shine has also faded due to increase in the price of dollars and the stock market rises.
May 16, 2025 gold rate in Delhi-Mumbai
On Friday 16 May 2025, 22 carat gold in Delhi was Rs 87,350 and 24 carat gold was Rs 95,280 per 10 grams. In Mumbai, 22 carat gold is trading at Rs 86,100 and 24 carat gold at Rs 95,130 per 10 grams.
| City name | 22 carat gold rate | 24 carat gold rate |
| Delhi | 87,350 | 95,280 |
| Chennai | 87,200 | 95,130 |
| Mumbai | 87,200 | 95,130 |
| Kolkata | 87,200 | 95,130 |
| Jaipur | 87,350 | 95,280 |
| Noida | 87,350 | 95,280 |
| Ghaziabad | 87,350 | 95,280 |
| Lucknow | 87,350 | 95,280 |
| Bangalore | 87,200 | 95,130 |
| Patna | 87,200 | 95,130 |
Silver rate
Silver is at Rs 97,000 per kg on Friday, 16 May 2025.
How is the price of gold decided?
The price of gold in India varies due to many reasons, such as international market prices, government tax and rupee fluctuations. Gold is not only a means of investment, but also an important part of our traditions and festivals. Especially during marriage and festivals, its demand increases.
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