Gold Price Today: Gold dips on the 6th day of Navratri; silver also fares poorly..

Gold prices in the country continued to decline on October 16. On the morning of the sixth day of Navratri, the price of 24-carat gold in the national capital, Delhi, stood at ₹147,580 per 10 grams. A day earlier, the price of 99.9% pure gold in Delhi’s bullion market had dropped by ₹900. This decline was driven by a stronger rupee and weak spot demand. A stronger rupee makes the import of dollar-denominated metals like gold and silver cheaper, which exerts downward pressure on their prices in the domestic market.

On Thursday, the rupee strengthened for the fifth consecutive trading session, closing at 94.99 against the US dollar—a gain of 18 paise. Over the past weekend, the Reserve Bank of India (RBI) had implemented several measures aimed at strengthening the domestic currency.

In the international market, spot gold is trading at $4,152.99 per ounce. Within the country, gold and silver prices are influenced by both domestic and global factors.

Gold rates in some major cities:

Delhi: The price of 24-carat gold in Delhi is ₹147,580 per 10 grams, while the price for 22-carat gold is ₹135,290 per 10 grams.

Mumbai and Kolkata: In Mumbai and Kolkata, the price of 22-carat gold is ₹135,140 per 10 grams, and the price of 24-carat gold is ₹147,430 per 10 grams.

Chennai: The price of 24-carat gold is ₹147,430 per 10 grams, while the price for 22-carat gold is ₹135,140 per 10 grams. Prices in Pune and Bengaluru: In both these cities, the price of 24-carat gold is ₹147,430 per 10 grams, and the price of 22-carat gold is ₹135,140 per 10 grams.

City    Today’s Price for 22-Carat Gold (₹)    Today’s Price for 24-Carat Gold (₹)
Delhi                        135,290                           147,580
Mumbai                    135,140                          147,430
Ahmedabad             135,190                           147,480
Chennai                    135,140                        147,430
Kolkata                    135,140                          147,430
Hyderabad               135,140                        147,480
Jaipur                      135,290                         147,580
Bhopal                    135,190                          148,300
Lucknow                 135,290                          147,580
Chandigarh              135,290                        147,580

Price of Silver

The decline in silver, another precious metal, also continues. On the morning of October 16, silver is priced at ₹229,900 per kilogram. A day earlier, the price of silver in the Delhi bullion market had fallen by ₹6,000. In the international market, the price of spot silver stands at $57.09 per ounce.

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