Gold prices nudged higher on Wednesday morning, April 16, reflecting growing uncertainty in global trade. Meanwhile, silver continues to hover just below the Rs 1 lakh mark.

Gold Rates Rise Across Major Cities

In Delhi, 24-carat gold reached Rs 95,320 per 10 grams, while 22-carat gold was priced at Rs 87,340. These prices highlight a steady demand, especially for 24-carat gold, which remains the top pick for those seeking premium purity.

On the other hand, 22-carat gold—favored for its strength and classic appeal—continues to be a go-to for traditional jewellery buyers and savvy investors alike.

Silver Holds Steady Below Rs 1 Lakh

Silver prices remained subdued at Rs 99,700 per kg in Mumbai, as per goodreturns.in. Despite staying under the Rs 1 lakh threshold, the white metal retains investor interest, especially with market volatility in play.

What’s Driving the Price Shifts?

Gold and silver rates in India are largely driven by international trends, currency fluctuations, import duties, and local taxes. With global trade facing fresh uncertainties, demand for precious metals as safe-haven assets has seen a minor uptick.

In India, gold is more than just a commodity—it’s tradition. Its role during festivals and weddings keeps demand strong year-round. Investors and buyers alike keep a close watch on price movements to make timely decisions in a fast-moving market.