Gold prices in India recorded a marginal increase on Thursday, July 16, while silver prices eased slightly across the domestic market. The yellow metal continued to attract investors and buyers seeking a hedge against inflation and global economic uncertainty.

The price of 24-carat gold rose by ₹1 to ₹14,358 per gram, while 22-carat gold also gained ₹1 to ₹13,161 per gram. 18-carat gold increased by ₹1 to ₹10,768 per gram.

Among the major markets, Chennai continued to quote the high gold rates, with 24-carat gold priced at ₹14,379 per gram and 22-carat gold at ₹13,181 per gram. Delhi, Vadodara and Ahmedabad also traded slightly above the national average, while prices in Mumbai, Kolkata, Bengaluru, Hyderabad, Kerala and Pune remained largely unchanged.

Silver, meanwhile, slipped marginally. The metal was priced at ₹234.90 per gram, down ₹0.10, while the price of 1kg of silver declined by ₹100 to ₹2,34,900. Chennai, Hyderabad and Kerala continued to record higher silver prices than most other cities.

Domestic bullion prices are influenced by international market trends, fluctuations in the rupee against the US dollar, import duties, central bank policies and local demand. Retail prices may also vary depending on taxes and jewellers' making charges.

Gold and Silver Rates in Major Indian Cities (July 16, 2026)

City24K Gold (₹/g)22K Gold (₹/g)Silver (₹/kg)
Chennai14,37913,1812,40,100
Mumbai14,35813,1612,34,900
Delhi14,37313,1762,34,900
Kolkata14,35813,1612,34,900
Bengaluru14,35813,1612,34,900
Hyderabad14,35813,1612,40,100
Kerala14,35813,1612,40,100
Pune14,35813,1612,34,900
Vadodara14,36313,1662,34,900
Ahmedabad14,36313,1662,34,900