Gold and silver prices in India witnessed a notable climb on Thursday, April 16, 2026. This upward trend is largely driven by a softer US dollar and shifting investor sentiment as the market balances a potential US-Iran peace deal against ongoing inflation risks.
On the Multi Commodity Exchange (MCX), gold prices rose by 0.42% to trade at Rs 1,54,600 per 10 grams, while silver saw a significant jump of 1.14%, reaching Rs 2,54,600 per kg.
Gold Rates Across Major Cities (Per 10 Grams)
The following table reflects the retail prices for 22K and 24K gold as of early trade today.
| City | 22K Gold Rate | 24K Gold Rate |
| Delhi | Rs 1,42,560 | Rs 1,55,510 |
| Jaipur | Rs 1,42,560 | Rs 1,55,510 |
| Ahmedabad | Rs 1,42,460 | Rs 1,55,410 |
| Mumbai | Rs 1,42,410 | Rs 1,55,360 |
| Pune | Rs 1,42,410 | Rs 1,55,360 |
| Bengaluru | Rs 1,42,410 | Rs 1,55,360 |
| Chennai | Rs 1,42,410 | Rs 1,55,360 |
| Hyderabad | Rs 1,42,410 | Rs 1,55,360 |
| Kolkata | Rs 1,42,410 | Rs 1,55,360 |
Note: These rates are indicative and do not include GST, TCS, or making charges. Prices vary slightly between cities due to local taxes and transportation costs.
Market Dynamics
Several factors are currently influencing the precious metals market:
- Currency Fluctuations: A weakening US dollar makes gold cheaper for holders of other currencies, boosting demand.
- Geopolitical Sentiment: While news of a potential Israel-Lebanon meeting and US-Iran de-escalation has calmed energy markets, the resulting “peace rally” in equities often leads to a complex environment for “safe-haven” assets like gold.
- Domestic Demand: In India, gold remains a primary investment and cultural staple, particularly with the ongoing wedding season maintaining a strong floor for retail prices.