Gold Rate Today: September 16 – Gold Prices Drop, Silver Becomes Costlier

On Tuesday, September 16, 2025, gold prices witnessed a slight dip. Both 22-carat and 24-carat gold declined by ₹10 per 10 grams. In India, 22-carat gold is trading above ₹1,01,700, while 24-carat gold is priced above ₹1,11,050 per 10 grams. Despite the minor correction, gold remains close to its peak levels in the international market.

Silver Prices

Silver, on the other hand, surged by ₹2,000 today and is trading around ₹1,34,000 per kg.

Global Market Trend

In the international market, gold crossed the $3,700 per ounce mark, hitting a fresh record high, while silver reached a 14-year peak. The rally is largely supported by a weaker dollar and growing expectations of an interest rate cut by the US Federal Reserve.

Domestic Prices

In major Indian cities, 24-carat gold is trading near ₹1,11,000 per 10 grams, while 22-carat gold is around ₹1,01,790 per 10 grams. Silver also continues to gain momentum due to strong investment demand and rising geopolitical concerns.

MCX Updates

On the Multi Commodity Exchange (MCX), October futures gold remained steady at ₹1,10,174 per 10 grams, while December silver futures showed a marginal rise at ₹1,29,522 per kg.

City-wise Gold Rates on September 16

• Delhi – 22K: ₹1,01,940 | 24K: ₹1,11,200

• Chennai – 22K: ₹1,01,790 | 24K: ₹1,11,050

• Mumbai – 22K: ₹1,01,790 | 24K: ₹1,11,050

• Kolkata – 22K: ₹1,01,790 | 24K: ₹1,11,050

• Jaipur/Noida/Ghaziabad/Lucknow – 22K: ₹1,01,940 | 24K: ₹1,11,200

• Bengaluru/Patna – 22K: ₹1,01,940 | 24K: ₹1,11,050

How Are Gold Prices Decided in India?

Gold rates in India are influenced by several factors, including international prices, import duties, taxes, and the rupee-dollar exchange rate. Daily price fluctuations are common. Beyond jewelry, gold is also considered a trusted investment and savings option, especially during weddings and festive seasons when demand peaks.