Gold Prices Today in India, October 16: Yellow Metal’s Record Rally Nears ₹1.3 Lakh Mark — Check Rates in Delhi, Mumbai, Hyderabad and Other Cities

On Thursday, the gold prices in India reached new heights day by day, with 24K gold nearly touching the ₹1.3 lakh per 10 grams mark. This was mainly due to strong global cues and the festive-season demand that began with Dhanteras and Diwali.

Spot gold in the international market increased by 0.3% to $4,218.74 an ounce in Singapore, while the Bloomberg Dollar Spot Index fell for the third day in a row, thus giving a boost to the metal’s price rise. The US government shutdown that has been prolonged, along with concerns about fiscal deficits that are getting worse, have caused investors to consider gold as a safe-haven asset and, thus, have driven them toward it.

According to Goodreturns, the gold rates in India on October 16, 2025, stood as follows:

24K Gold: ₹1,29,450 per 10 grams

22K Gold: ₹1,18,660 per 10 grams

18K Gold: ₹97,090 per 10 grams

Experts attribute the metal’s over 60% surge this year to robust central bank purchases and increased physical buying across Asian markets. Saad Rahim, Chief Economist at Trafigura Group, noted that “fears of debt sustainability and the prospect of lower interest rates are pushing investors to gold as a store of value and safety.”

City-wise Gold Prices in India (per gram) – October 16, 2025

City 24K Gold 22K Gold 18K Gold

Mumbai ₹12,945 ₹11,886 ₹9,709

Delhi ₹12,960 ₹11,881 ₹9,724

Hyderabad ₹12,945 ₹11,886 ₹9,709

Chennai ₹12,939 ₹11,881 ₹9,801

Kolkata ₹12,945 ₹11,886 ₹9,709

Bangalore ₹12,945 ₹11,886 ₹9,709

Ahmedabad ₹12,950 ₹11,871 ₹9,714

Jaipur ₹12,960 ₹11,881 ₹9,724

Lucknow ₹12,960 ₹11,881 ₹9,724

Patna ₹12,950 ₹11,871 ₹9,714

With global economic uncertainty and festive buying momentum, analysts expect gold prices to breach ₹1.3 lakh per 10 grams in the coming weeks.

news:https://thehindustan.news/