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

In early trading on Thursday, the price of 24-carat gold surged by 770 rupees, reaching 74,020 rupees for ten grams, as reported by the GoodReturns website.

Meanwhile, silver also experienced a notable increase of 1500 rupees, with one kilogram now priced at 89,100 rupees. Similarly, 22-carat gold saw a rise of 700 rupees, reaching 67,850 rupees per ten grams.

24 Carat Gold Price Today 16 May (per 10gm) - Indian Top Cities
Delhi - ₹74,170
Chennai - ₹74,130
Mumbai - ₹74,020
Kolkata - ₹74,020
Bengaluru - ₹74,020

Silver Price (1 KG) Today 16 May - Indian Top Cities
Delhi - ₹89,100
Chennai - ₹92,500
Mumbai - ₹89,100
Kolkata - ₹89,100
Bengaluru - ₹86,750

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.