Gold and silver costs in your metropolis on July 16: Gold futures costs jumped in early commerce in the present day, July 16, by ₹49 to ₹97,260/10 grams as speculators created recent positions on a agency spot demand.
On the Multi Commodity Alternate (MCX), gold contracts for August supply traded larger by ₹49, or 0.05 per cent, at ₹97,260 per 10 grams in a enterprise turnover of 10,695 heaps.
Globally, gold futures rose 0.41 per cent to $3,338.05 per ounce in New York.
Total, consultants agree that gold and silver are protected haven bets that traders could make to safeguard their portfolios in these unstable markets and with elevated threat aversion.
Over the previous 20 years, gold costs have skyrocketed by a formidable 1,200 per cent from ₹7,638 in 2005 to over ₹1,00,000 in 2025 (until June), and delivered optimistic returns in 16 of those years. Yr-to-date (YTD), gold costs have risen 31 per cent, with constant RECord highs solidifying its place amongst 2025’s top-performing asset courses and a dependable hedge.
Additional, silver has additionally proved resilient. Costs have held above the ₹1 lakh/kg mark for the previous three week. Over the previous 20 years (2005-2025), the steel has gained a strong 668.84 per cent.
Verify how a lot gold, silver costs have jumped — July 16
The MCX gold index was at ₹97,440/10 gm at 2.45 pm on July 16, the official web site confirmed. In the meantime, MCX silver costs had been at ₹1,11,997/kg, it confirmed.
Additional, 24-carat gold was priced at ₹97,820/10 gm, in response to knowledge on the Indian Bullion Affiliation (IBA) at 2.45 pm on July 16. Additional, 22-carat gold was priced at ₹89,668/10 gms. Silver costs in the present day are at ₹1,12,180/kg (Silver 999 Effective), as per the IBA web site.
So, examine right here gold and silver costs in your metropolis in the present day on July 16 — Delhi, Kolkata, Mumbai, Hyderabad, Bengaluru, and Chennai. Notably, for retail clients, jewellers might add making prices, taxes and GST to the invoice, which may hike the ultimate worth for you.
Gold and Silver Costs in Mumbai — July 16
• Gold bullion charges in Mumbai— ₹97,670/10 gm.
• MCX Gold ratein Mumbai — ₹97,440/10 gm.
• Silver bullion charge in Mumbai— ₹1,12,040/kg.
• MCX Silver 999 charge in Mumbai — ₹1,11,997/kg.
Gold and Silver Costs in Delhi — July 16
• Gold bullion charges in New Delhi— ₹97,510/10 gm.
• MCX Gold charge in New Delhi — ₹97,440/10 gm.
• Silver bullion charge in New Delhi— ₹1,11,840/kg.
• MCX Silver 999 charge in New Delhi — ₹1,11,997/kg.
Gold and Silver Costs in Kolkata — July 16
• Gold bullion charges in Kolkata— ₹97,550/10 gm.
• MCX Gold charge in Kolkata — ₹97,440/10 gm.
• Silver bullion charge in Kolkata— ₹1,11,890/kg.
• MCX Silver 999 charge in Kolkata — ₹1,11,997/kg.
Gold and Silver Costs in Bengaluru — July 16
• Gold bullion charges in Bengaluru— ₹97,750/10 gm.
• MCX Gold charge in Bengaluru — ₹97,440/10 gm.
• Silver bullion charge in Bengaluru— ₹1,12,120/kg.
• MCX Silver 999 charge in Bengaluru — ₹1,11,997/kg.
Gold and Silver Costs in Hyderabad — July 16
• Gold bullion charges in Hyderabad— ₹97,800/10 gm.
• MCX Gold charge in Hyderabad — ₹97,440/10 gm.
• Silver bullion charge in Hyderabad— ₹1,12,160/kg.
• MCX Silver 999 charge in Hyderabad — ₹1,11,997/kg.
Gold and Silver Costs in Chennai — July 16
• Gold bullion charges in Chennai— ₹97,930/10 gm.
• MCX Gold charge in Chennai — ₹97,440/10 gm.
• Silver bullion charge in Chennai— ₹1,12,310/kg.
• MCX Silver 999 charge in Chennai — ₹1,11,997/kg.
Disclaimer: This story is for academic functions solely. The views and proposals made above are these of particular person analysts or broking firms, and never of Mint. We advise traders to examine with licensed consultants earlier than making any funding choices.
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