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There is a fall in the prices of gold and silver on June 16. According to India Bullion and Jewelers Association (IBJA), one kg of silver fell by Rs 4,421 to Rs 2.47 lakh. Earlier its price was Rs 2.51 lakh per kg. At the same time, 10 grams of 24 carat gold has fallen by Rs 552 to Rs 1.50 lakh.
Gold price according to carat
| carat | Price (Rs/10 grams) |
| 24 | ₹1,50,094 |
| 22 | ₹1,37,486 |
| 18 | ₹1,12,571 |
| 14 | ₹87,805 |
Gold price in big cities of the country
| City | 10 grams 24 carat |
| Delhi | ₹1,51,520 |
| Mumbai | ₹1,51,370 |
| Kolkata | ₹1,51,370 |
| Jaipur | ₹1,51,520 |
| Bhopal | ₹1,51,420 |
| Patna | ₹1,51,420 |
| Lucknow | ₹1,51,520 |
| Raipur | ₹1,51,370 |
| Ahmedabad | ₹1,51,420 |
Source: goodreturns June 16, 2026
Gold and silver have become costlier by ₹ 17 thousand this year
However, the price of gold and silver has increased this year. Gold and silver have become costlier by Rs 17 thousand so far in 2026. On December 31, 2025, 10g gold was at Rs 1.33 lakh, which is now at Rs 1.50 lakh. At the same time, silver was Rs 2.30 lakh per kg on December 31, 2025, which is now at Rs 2.47 lakh.
Gold and silver movement so far this year
| date | Sleep | Silver |
| 31 December 2025 | ₹1,33,195 | ₹2,30,420 |
| 31 January 2026 | ₹1,65,795 | ₹3,39,350 |
| 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 |
| 31 May 2026 | ₹1,56,463 | ₹2,63,350 |
| 16 June 2026 | ₹1,50,094 | ₹2,47,067 |
Note:- Gold price per 10 grams and silver price in kg. Source:- IBJA
Keep these 2 things in mind while buying gold from jewelers
- 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.
- 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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