New Delhi8 minutes ago
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There is a slight increase in the price of silver today on 16th April. According to India Bullion and Jewelers Association (IBJA), one kg silver has fallen by Rs 402 to Rs 2,55,200. Earlier on Thursday its price was Rs 2,54,798 per kg.
At the same time, 10 grams of 24 carat gold has declined by Rs 9 to reach Rs 1,51,140. Earlier on May 7, its price was Rs 1,51,149 per 10 grams.
Gold price in big cities of the country
| City | 10 grams 24 carat |
| Delhi | ₹1,52,880 |
| Mumbai | ₹1,52,680 |
| Kolkata | ₹1,52,680 |
| Chennai | ₹1,53,840 |
| Jaipur | ₹1,52,880 |
| Bhopal | ₹1,52,730 |
| Patna | ₹1,52,780 |
| Lucknow | ₹1,52,880 |
| Raipur | ₹1,52,680 |
| Ahmedabad | ₹1,52,780 |
4 reasons why gold prices differ in different cities
- Transportation and Security: Fuel and security costs are involved in transporting gold from one city to another, which increases the price as the distance increases.
- Purchase quantity: Due to high consumption in South India (about 40%), jewelers make large purchases, but the benefit of discount is limited.
- Local Jewelery Association: State and city jewelery associations decide the rates based on local demand and supply.
- Old Stock and Purchase Price: The buying rate of jewelers decides at what price they will sell to customers.
Gold became costlier by 18 thousand and silver by 25 thousand this year
This year, there are continuous fluctuations in the prices of gold and silver. So far in 2026, gold has become costlier by Rs 17,941 and silver by Rs 24,780. On December 31, 2025, 10g gold was at Rs 1.33 lakh, which has now reached Rs 1.52 lakh.
At the same time, silver was Rs 2.30 lakh per kg, which has now reached Rs 2.55 lakh. During this period, on January 29, gold had made an all-time high of Rs 1.76 lakh and silver had also made an all-time high of Rs 3.86 lakh.
Gold and silver movement so far this year
| date | Sleep | Silver |
| 31 December 2025 | ₹1,33,195 | ₹2,30,420 |
| 29 January 2026 | ₹1,76,121 | ₹3,85,933 |
| 28 February 2026 | ₹1,50,997 | ₹2,66,700 |
| 31 March 2026 | ₹1,46,733 | ₹2,30,135 |
| 30 April 2026 | ₹1,50,263 | ₹2,40,331 |
| 8 May 2026 | ₹1,51,140 | ₹2,55,200 |
Keep these 2 things in mind while buying gold from jewelers
1. Buy only certified gold: Always buy certified gold bearing the hallmark of Bureau of Indian Standards (BIS). This number can be alphanumeric i.e. something like this – AZ4524. Hallmarking shows how many carats the gold is.
2. Price Cross Check: Cross-check the correct weight of gold and its price on the day of purchase from multiple sources (such as the website of India Bullion and Jewelers Association). The price of gold varies according to 24 carat, 22 carat and 18 carat.
4 ways to identify real silver
- Magnet Test: Real silver does not stick to magnets. If it sticks then it is fake.
- Ice Test: Place ice on silver. Ice melts faster on real silver.
- Smell Test: Real silver has no smell. Fakes smell like copper.
- Cloth Test: Rub the silver with a white cloth. If a black mark appears then it is real.
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The total value of gold held by Indian households has crossed $5 trillion (₹450 lakh crore). This figure is more than the country’s total GDP of 4.1 trillion dollars i.e. Rs 370 lakh crore. This has happened due to gold prices reaching record high. According to a report by Morgan Stanley, about 34,600 tonnes of gold is deposited in Indian homes.
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