Gold Silver Price Today: Gold prices in the Indian bullion market have witnessed yet another rise today. On April 16, 2026, gold rates surged by a staggering ₹1,420 per 10 grams, pushing the price of 24-carat gold past the ₹1.55 lakh mark. It is not just gold; a significant increase is also being observed in silver prices.
Gold Silver Price Today: The Impact of Akshaya Tritiya and Global Tensions
The festival of Akshaya Tritiya is set to be celebrated on the upcoming 19th of April. As purchasing gold on this auspicious occasion is considered highly propitious, there is currently a surge in demand from both consumers and jewelers. Furthermore, reports indicating an easing of tensions between the United States and Iran—coupled with a decline in the Dollar Index—have fueled this massive rally in gold prices. Gold Price Today: Current Rates in Major Cities (Per 10 Grams):
Delhi
24 Carat: ₹1,55,510
22 Carat: ₹1,42,560
Mumbai
24 Carat: ₹1,55,360
22 Carat: ₹1,42,410
Kolkata
24 Carat: ₹1,55,360
22 Carat: ₹1,42,410
Chennai
24 Carat: ₹1,56,230
22 Carat: ₹1,43,210
Bengaluru
24 Carat: ₹1,55,360
22 Carat: ₹1,42,410
Hyderabad
24 Carat: ₹1,55,360
22 Carat: ₹1,42,410
Ahmedabad
24 Carat: ₹1,55,410
22 Carat: ₹1,42,460
Pune
24 Carat: ₹1,55,360
22 Carat: ₹1,42,410
Lucknow
24 Carat: ₹1,55,510
22 Carat: ₹1,42,560
Silver Price Today: Rise in Silver Rates as Well
Along with gold, a significant rise has also been observed in silver prices. Today, the price of silver in the country has reached a record level of ₹2,70,100 per kilogram. Consequently, customers are currently paying ₹2,701 per 10 grams.
Gold & Silver Prices: Key Reasons for the Price Hike
Due to the weakening of the US dollar in the international market, purchasing gold using other currencies has become cheaper, resulting in an increase in demand. As the U.S. Federal Reserve is likely to cut interest rates soon, investors are turning to gold as a safe-haven investment. This trend is further bolstered by advance bookings and increased demand ahead of the Akshaya Tritiya festival.
Gold Jewellery: Which Option Is Best for Daily Wear?
Pure gold (24-karat) is extremely soft; consequently, it can bend or break easily. For this reason, 24-karat jewelry is not considered suitable for daily use.
14-Karat (14K): This gold is stronger and more durable. Therefore, it is the best option for jewelry worn daily, such as rings or chains.
18-Karat (18K): This jewelry appears more distinctly yellow and visually striking. 18-karat jewelry is particularly well-suited for special occasions or for making a style statement.