Gold and silver rates (March 16, 2026): Check prices in key cities
India’s precious metal market shows minor fluctuations today, with gold and silver prices experiencing a slight decline compared to the previous day. Gold continues to remain one of the most preferred investment options and cultural assets in India, while silver maintains steady demand for industrial and investment purposes.
Gold price
The 24-karat gold price stands at ₹15,965 per gram, reflecting a small drop of ₹1 from yesterday. Similarly, 22-karat gold is priced at ₹14,634 per gram, and 18-karat gold is valued at ₹11,973 per gram, both also showing a ₹1 decrease. These changes indicate a marginal correction in the bullion market rather than a significant shift in trend.
Across major Indian cities such as Mumbai, Delhi, Kolkata, Bangalore, and Kerala, gold prices remain almost identical with only slight regional variations due to local taxes and transportation costs. For instance, Chennai records a slightly higher rate compared to other cities.
| City | 24K Gold (₹) | 22K Gold (₹) | 18K Gold (₹) |
|---|---|---|---|
| Chennai | 16,101 | 14,759 | 12,399 |
| Mumbai | 15,965 | 14,634 | 11,973 |
| Delhi | 15,980 | 14,649 | 11,988 |
| Kolkata | 15,965 | 14,634 | 11,973 |
| Bangalore | 15,965 | 14,634 | 11,973 |
| Hyderabad | 15,965 | 14,634 | 11,973 |
| Kerala | 15,965 | 14,634 | 11,973 |
| Pune | 15,965 | 14,634 | 11,976 |
| Vadodara | 15,970 | 14,639 | 11,978 |
| Ahmedabad | 15,970 | 14,639 | 11,978 |
Silver price
Silver prices have also registered a slight dip. The current price of silver is ₹274.90 per gram, representing a decrease of ₹0.10 from the previous day. On a larger scale, silver costs ₹2,74,900 per kilogram, which is ₹100 lower than yesterday. Similar to gold, silver prices show minor variations across different Indian cities but remain largely consistent nationwide.
Gold and silver prices in India on March 16, 2026 recorded slight declines, with rates remaining largely stable across major cities such as Mumbai, Delhi, and Chennai.
Despite minor fluctuations, the precious metals market continues to show steady demand, making gold and silver important investment options for buyers across the country.(With inputs from Agencies)