Gold Rate Today, October 16: Prices Steady Across Major Indian Cities

Gold prices in India remained unchanged on Thursday, October 16, continuing the stability seen in the previous session. After reaching historic highs earlier this month, driven by global uncertainties and festive season demand, the yellow metal held firm across all purity levels.

The steady trend reflects a balance between strong domestic festive buying and global economic factors influencing safe-haven investments like gold.

Current Gold Prices in India (October 16, 2025) 24-Carat Gold (Pure Gold): ₹12,944 per gram 22-Carat Gold: ₹11,865 per gram 18-Carat Gold: ₹9,708 per gram Carat-Wise Gold Rates (Approximate Values) 24K (10 grams) – ₹1,29,440 22K (10 grams) – ₹1,18,650 18K (10 grams) – ₹97,080 24K (100 grams) – ₹12,94,400 22K (100 grams) – ₹11,86,500

Gold Price in Major Indian Cities (Per Gram, 24K)

Mumbai: ₹12,944 Delhi: ₹12,959 Chennai: ₹12,982 Hyderabad: ₹12,944 Bangalore: ₹12,944

Gold prices in these cities showed no change compared to yesterday, maintaining stability amid continued festive demand and global market watchfulness.

The 24-carat gold, known for its purity, remains the preferred choice for investments, while 22-carat and 18-carat varieties continue to dominate jewellery markets.

As India heads deeper into the festive season, experts expect gold prices to stay firm due to high consumer demand and international market cues.