Gold imports in India have declined for the second consecutive month. In September, gold imports fell by 81.27% to $1.8 billion. Against this backdrop, prices for gold and silver have seen an increase today, October 16, in both international and domestic markets.

What are the prices in the international market?
In the international market—specifically on the Comex exchange—both gold and silver prices have risen today, October 16. Around 9:00 AM, the price of gold on Comex climbed by 0.72%, reaching $4,200.10 per ounce. Meanwhile, the price of silver on Comex rose by 1.32%, trading at $59.910 per ounce.

What are the gold and silver prices in the market today?
In the domestic market, both gold and silver have seen an upward trend. Upon the market opening, gold was trading at approximately ₹1.47 lakh per 10 grams, while silver was trading at around ₹2.11 lakh per kilogram.

How are gold and silver trading on the MCX?
On the Multi Commodity Exchange (MCX), gold for December delivery rose by ₹300, trading at ₹147,744 per 10 grams. Silver, meanwhile, climbed by ₹1,800, reaching a price of ₹212,031 per kilogram.

What are the rates in your city?
As the market opened today, both gold and silver have experienced a price increase. In this scenario, 24-carat gold is trading at approximately ₹147,810 per 10 grams, while 22-carat gold is hovering around ₹135,493 per 10 grams. Meanwhile, 18-carat gold is trading at nearly ₹110,858 per 10 grams. In the bullion market, the price of silver was seen trading at around ₹211,290 per kilogram.

City           Gold/10 grams (24K)    Gold/10 grams (22K)    Gold/10 grams (18K)    Silver per kg
New Delhi    ₹147,320                              ₹136,960                     ₹110,270                    ₹212,760
Mumbai       ₹147,620                               ₹135,902                     ₹111,465                      ₹211,140
Patna            ₹147,540                             ₹135,828                       ₹111,468                    ₹211,190
Jaipur          ₹148,340                             ₹136,395                       ₹110,505                    ₹211,310
Kanpur        ₹148,517                               ₹135,181                        ₹110,110                      ₹210,920
Lucknow      ₹147,470                              ₹135,181                       ₹111,603                      ₹210,920

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