Gold, Silver Price Today February 16, 2024: Check Latest Rates in Mumbai, Delhi, Chennai, Bengaluru

Gold Silver Price Today 16 February 2024: Gold prices fell while silver prices increased on the Multi Commodity Index on Friday.

The average price of 10 gram of 22K Gold stood at ₹57,100 while the 24K gold prices stood at ₹62,290.

The rate of 10 grams of 24K gold in Chennai stood at ₹62,840, which was followed by Delhi and Jaipur where the gold costs ₹62,440.

The average price of 1 kg of silver stood at ₹75,600.

However, in Chennai, Hyderabad, and Kerala the metal was sold at ₹77,000 followed by Delhi and Mumbai where the metal was sold at ₹74,500

24 Carat Gold Price Today 16 February (per 10gm) - Indian Top Cities

Delhi - ₹62,440
Chennai - ₹62,840
Mumbai - ₹62,290
Kolkata - ₹62,290
Bengaluru - ₹62,290

1 KG Silver Price Today 16 February - Indian Top Cities

Delhi - ₹75,600
Chennai - ₹77,000
Mumbai - ₹75,600
Kolkata - ₹75,600
Bengaluru - ₹70,900

Gold and Silver prices experience fluctuations influenced by multiple factors, including insights from jewellers. These factors encompass global demand for gold, fluctuations in currency values across nations, prevailing interest rates, and governmental regulations governing the gold trade.

Additionally, global events such as the state of the world economy and the strength of the US dollar relative to other currencies significantly impact gold prices within the Indian market.