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Gold Price Today July 16: Is Gold getting costlier? Check carat-wise rates in Chennai, Mumbai, Delhi, Kolkata

Samira Vishwas | July 16, 2026 6:24 PM CST

New Delhi: Gold prices continue to fluctuate amid the ongoing US war against Iran, causing uncertainty across global markets. The gold August 5 contract on the Multi Commodity Exchange (MCX) opened with a fall of Rs 819 or 0.57 per cent at Rs 1,41,031 per 10 grams against the previous close of Rs 1,41,850.

It fell further to an intraday low of Rs 1,41,000, down Rs 850 or 0.59 per cent. In between, it touched an intraday high of Rs 1,41,433. Last seen, it was trading at Rs 1,41,225, down Rs 625, or 0.44 per cent. Both precious metals opened in the red on the Multi Commodity Exchange (MCX), reflecting weak market sentiment.

Gold Prices In Major Indian Cities

Interested people can check the gold rates of major Indian cities given below-

city	24-Carat Gold (10 gm)	22-Carat Gold (10 gm)
Delhi	Rs 1,43,440	Rs 1,31,500
mumbai	Rs 1,43,290	Rs 1,31,350
Kolkata	Rs 1,43,290	Rs 1,31,350
Chennai	Rs 1,43,460	Rs 1,31,500

Silver Prices In Major Indian Cities

Consumers can check the gold rates of major Indian cities given below-

city	Silver Price (Per kg)
Delhi	Rs 2,35,000
mumbai	Rs 2,35,000
Kolkata	Rs 2,35,000
Chennai	Rs 2,40,000

Silver futures followed a similar trend. The September 4, 2026 contract opened at Rs 2,19,792 per kg, down from the previous close of Rs 2,20,620, a decline of Rs 828 (0.37%).

The contract later touched an intraday low of Rs 2,18,949, down Rs 1,671 (0.75%). At the latest update, silver was trading at Rs 2,19,144 per kg, lower by Rs 1,476 (0.67%).

Disclaimer: Gold and silver prices are subject to market fluctuations and may change during the day. The rates mentioned are for informational purposes only. Please verify the latest prices before making any investment or purchase decisions.