Gold Price Update: On Janmashtami, Gold Turns Cheaper While Silver Gains Slightly on Saturday, August 16
New Delhi, August 16, 2025 – On the auspicious occasion of Janmashtami, gold prices in India witnessed a minor dip, extending the downward trend for the fifth consecutive day. While gold slipped marginally, silver prices edged higher, adding a contrasting note to the bullion market.
Gold Prices Decline for Fifth Day in a Row
As per market updates, 24-carat gold is still trading above ₹1,01,000 per 10 grams in major cities like Delhi, Uttar Pradesh, Bihar, and Rajasthan. However, the latest session showed slight weakness. In metro cities such as Mumbai, Chennai, and Kolkata, the price of 22-carat gold remains around ₹92,700 per 10 grams, while 24-carat gold hovers near ₹1,01,180.
This marks the fifth day in a row that gold has slipped into negative territory, reflecting pressure from both international and domestic cues.
Silver Prices See Mild Uptick
In contrast, silver prices showed a minor upward movement. The rate of silver climbed by ₹100, taking the price to around ₹1,16,200 per kilogram in most major states. Analysts believe that while gold is showing weakness, silver continues to attract investors as an alternative hedge, especially amid volatility in global markets.
Why Are Prices Fluctuating?
The recent movements in gold and silver are closely tied to global economic factors. Traders are eyeing the upcoming U.S. Federal Reserve meeting in September, where the possibility of interest rate cuts has gained traction. Signs of a slowdown in the U.S. labor market, coupled with softer inflation data in the latest Consumer Price Index (CPI) report, have reduced fears of persistent inflation.
These developments have introduced new expectations in the global bullion trade, leading to fluctuations in both gold and silver prices.
City-Wise Gold Rates on Saturday, August 16, 2025
| City | 22-Carat Gold Price | 24-Carat Gold Price |
|---|---|---|
| Delhi | ₹92,900 | ₹1,01,330 |
| Chennai | ₹92,750 | ₹1,01,180 |
| Mumbai | ₹92,750 | ₹1,01,180 |
| Kolkata | ₹92,750 | ₹1,01,180 |
| Jaipur | ₹92,900 | ₹1,01,330 |
| Noida | ₹92,900 | ₹1,01,330 |
| Ghaziabad | ₹92,900 | ₹1,01,330 |
| Lucknow | ₹92,900 | ₹1,01,330 |
| Bengaluru | ₹92,750 | ₹1,01,180 |
| Patna | ₹92,750 | ₹1,01,180 |
How Are Gold Prices Determined in India?
Gold prices in India are influenced by multiple factors, including:
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International market trends – Movements in global bullion rates directly impact local pricing.
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Import duties and taxes – Any change in customs duty or domestic taxation reflects immediately on retail prices.
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Rupee-Dollar exchange rate – A weaker rupee against the U.S. dollar pushes gold prices higher in India, while a stronger rupee has the opposite effect.
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Demand and supply – Festive and wedding seasons traditionally see higher demand, often pushing prices upward.
For Indian households, gold is not just an investment but also a cultural and traditional necessity. Weddings, festivals, and religious occasions see strong buying activity, meaning even a small fluctuation in price has a direct impact on consumers.
Market Outlook
With Janmashtami festivities underway, jewellers are hopeful that demand will revive despite the recent price slide. On the other hand, investors are watching the U.S. monetary policy closely, as future decisions on interest rates could significantly influence gold and silver trends in the coming weeks.
For now, consumers may find some relief in the marginal decline in gold prices, while silver continues to sparkle with modest gains.
