News India Live, Digital Desk: There is relief news for those investing in the bullion market and those purchasing for weddings. Gold prices, which recently reached record levels, today ₹1,000 to ₹1,500 per 10 grams A decrease of up to. At the same time, silver has also reached the level of ₹ 2.70 lakh.
Today’s Gold Price (Gold Rate Today – 16 March 2026)
Today the average price of 24 carat gold remains around ₹ 1,59,000.
| City | 24K gold (per 10g) | 22K gold (per 10g) | daily variation |
|---|---|---|---|
| Lucknow | ₹1,59,800 | ₹1,46,500 | ↓ ₹1,020 |
| Delhi | ₹1,59,300 | ₹1,46,050 | ↓ ₹510 |
| Mumbai | ₹1,59,170 | ₹1,45,900 | ↓ ₹490 |
| Chennai | ₹1,61,010 | ₹1,47,590 | ↓ ₹450 |
| Kolkata | ₹1,59,170 | ₹1,45,900 | ↓ ₹490 |
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Fall in silver prices (Silver Price Today)
The biggest fall has been seen in silver prices today. Silver today due to lack of industrial demand and international pressure ₹5,000 per kg It has become cheaper till now.
Silver price in Lucknow and Delhi: ₹2,70,000 per kg.
Silver price in Chennai and Hyderabad: ₹2,76,000 per kg.
Main reasons for decline: Selling pressure on Multi Commodity Exchange (MCX).
3 big reasons for falling prices (Why Prices are Falling?)
Strong Dollar: The demand for gold has decreased due to the strength of the US dollar in the global market.
Profit Booking: Investors have started booking their profits at higher levels, due to which the supply in the market has increased.
US Federal Reserve: Uncertainties regarding cut in interest rates have also put pressure on the prices of precious metals.
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