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Gold Silver Price Today: On Thursday, gold and silver prices on MCX once again reached record levels.
Gold Silver Rate Today on 16 October: Gold and silver prices hit new record highs on Thursday, ahead of Dhanteras. This surge was driven by positive global cues, strong domestic demand, and a weak dollar. Gold with December expiry date rose by ₹1,200, or 1 percent, to reach an all-time high of ₹1,28,395 per 10 grams on the Multi Commodity Exchange (MCX). Silver with December expiry date also rose by ₹1,900, or 1 percent, to reach ₹1,64,150 per kg on the MCX.
Gold also at record highs in the international market
Gold and silver prices reached record levels due to a weak dollar in the international market, continued geopolitical and economic tensions, and expectations of an interest rate cut by the Federal Reserve. The US dollar index declined by approximately 0.40 percent due to political and economic uncertainties in the world’s largest economy.
Gold and Silver Bullion Rates
According to the Indian Bullion Jewelers Association, the price of 24-carat gold in the bullion market on Thursday, October 16th, is ₹126,710 per 10 grams, while the price of 22-carat gold is ₹123,670 per 10 grams. Meanwhile, the price of silver in the bullion market is ₹174,000 per kilogram.
Latest Gold Rate in Delhi
24 Carat: 12,9590 per 10 grams
22 Carat: 11,8800 per 10 grams
Latest Gold Rate in Mumbai
24 Carat: 12,9440 per 10 grams
22 Carat: 11,8650 per 10 grams
Latest Gold Rate in Jaipur
24 Carat: 12,9590 per 10 grams
22 Carat: 11,8800 per 10 grams
Gold Price in Hyderabad
24 Carat: 12,9440 per 10 grams
FASTag annual passes see strong demand, with users crossing 2.5 million in just two months.
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