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Gold, silver rates today, August 16: Latest prices in Indian cities
Gold is a shiny metal that many people love to wear as jewellery and also buy as a way to save money.
Today, on August 16, 2026, the price of gold in India was different depending on the city and how pure the gold was.
Pure 24-karat gold cost about ₹1.53 lakh for 10 grams in cities like Delhi, Bengaluru and Chennai.
The slightly less pure 22-karat gold, which is often used for jewellery because it is stronger, cost about ₹1.40 lakh for 10 grams in those cities.
Silver, another precious metal, was also sold at different prices in different cities, with Chennai having the highest silver rate.
Big jewellery shops set their own prices for each gram of gold, so the price can be a little different at each shop.
One expert thinks gold might become more expensive in the next week or two.
People watch these prices because gold and silver are valuable and their rates change almost every day.
24-karat gold rates on August 16, 2026 were reported at ₹1,53,030 per 10 grams in Delhi, Bengaluru and Chennai, and ₹1,52,880 in Mumbai, Kolkata and Hyderabad.
22-karat gold was priced at ₹1,40,290 per 10 grams in Delhi, Bengaluru and Chennai, and ₹1,40,140 in Mumbai, Kolkata and Hyderabad.
Silver ranged from a low of ₹2,66,900 per kilogram in Bengaluru and Kolkata to a high of ₹2,72,900 per kilogram in Chennai.
Retail jewellers quoted largely stable rates, with Joyalukkas and Malabar Gold & Diamonds at ₹13,200 per gram (22K), while Tanishq's 22K rate stood at ₹13,245 per gram.
Analyst Vandana Bharti of SMC Global expects gold to rally to ₹1.48 lakh in one to two weeks despite the current correction; six Sovereign Gold Bond series become eligible for early redemption in August.
Market participants are tracking global economic data, US interest rate expectations and currency movements for further direction in precious metal prices.
- Who
- Indian retail market participants, leading jewellers including Joyalukkas, Malabar Gold & Diamonds and Tanishq, and analyst Vandana Bharti of SMC Global.
- What
- Daily gold and silver rates were reported across Indian cities, alongside jeweller-level retail prices and a market outlook for precious metals.
- Where
- Delhi, Mumbai, Bengaluru, Kolkata, Hyderabad and Chennai in India.
- When
- August 16, 2026; the report also notes an expected rally in the next one to two weeks and Sovereign Gold Bond early redemption dates in August.
- Why
- Prices are published so buyers can track daily rates, which are influenced by global economic data, US interest rate expectations and currency movements.
Key facts
- 24K Gold (₹/10 grams)
- ₹1,53,030 (Delhi, Bengaluru, Chennai); ₹1,52,880 (Mumbai, Kolkata, Hyderabad)
- 22K Gold (₹/10 grams)
- ₹1,40,290 (Delhi, Bengaluru, Chennai); ₹1,40,140 (Mumbai, Kolkata, Hyderabad)
- Silver (₹/kilogram)
- ₹2,66,900 (Bengaluru, Kolkata) to ₹2,72,900 (Chennai); Delhi at ₹2,67,000; Mumbai and Hyderabad at ₹2,70,900
- Joyalukkas 22K rate
- ₹13,200 per gram
- Malabar Gold & Diamonds rates
- ₹13,200 per gram (22K); ₹14,422 per gram (24K)
- Tanishq rates
- ₹13,245 per gram (22K); ₹14,415 per gram (24K, estimated)
- Market outlook
- Gold may rally to ₹1.48 lakh in 1-2 weeks despite correction, says Vandana Bharti of SMC Global
- Sovereign Gold Bonds
- Six Sovereign Gold Bond series become eligible for early redemption in August
Sources
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