Gold Silver Rate Today, 16 April 2026: City-Wise Prices Across India; Delhi, Mumbai, Chennai, Hyderabad

Gold and silver prices edged higher on 16 April 2026, supported by softer oil prices, dollar strength, and progress in US-Iran diplomacy. Indian city rates varied slightly, with ETF options offering alternatives to physical gold.

Business

-Ashish Rana

Gold and silver prices are trading higher on 16 April 2026, supported by softer oil and hopes for progress in US-Iran peace talks, even as the US dollar remains strong. Indian markets mirror this global firmness, with domestic gold edging up from early-April lows and silver jumping sharply by about ₹15,000 per kg over the last two sessions.

Internationally, spot gold is hovering close to recent one-month highs, with traders watching negotiations linked to the ceasefire extension and a possible diplomatic opening in Pakistan. At the same time, silver is holding near the upper end of its recent range, helped by a weaker dollar and solid industrial demand from electronics and solar sectors.

Gold price today: domestic gold rate and international gold price

In the Indian market on 16 April 2026, standard gold prices have recovered from the sharp fall seen earlier in April, though sentiment remains sensitive to the USD/INR rate, now near ₹93.38. Benchmark 24K gold of 99.9% purity is quoted at ₹15,536 per gram, which equals ₹1,55,360 for 10 grams, excluding GST and making charges.

For buyers preferring 22K jewellery, the domestic benchmark stands at ₹14,241 per gram, or ₹1,42,410 per 10 grams, while 18K gold is priced at ₹11,652 per gram, translating to ₹1,16,520 for 10 grams. These base prices do not include 3% GST or making costs, which can vary between 5% and 35% depending on the design and jeweller.

On the global screen, spot gold (XAU/USD) is trading around $4,821.45 per ounce, while gold futures hover near $4,843.80 per ounce. International prices have gained roughly 1.6% over the past week, backed by expectations of a conflict “off-ramp” and signs that mediators may secure an extension to the current two-week ceasefire.

Technical charts point to important support for gold in the $4,810–$4,770 per ounce band, with resistance zones placed between $4,884 and $4,922 per ounce. A sustained move above this resistance could invite fresh buying, while any drop below support may encourage near-term profit-taking after the recent climb.

Gold price today: city-wise gold rates and recent daily trend

Major Indian metros are quoting closely aligned 24K gold prices on 16 April 2026, with some minor regional differences. New Delhi gold prices for 24K stand at ₹1,55,510 per 10 grams, while Mumbai, Bangalore and Hyderabad show the same benchmark rate of ₹1,55,360 for 10 grams of 24K gold, excluding taxes and other levies.

Chennai remains slightly higher, with 24K gold at ₹1,56,230 per 10 grams, and Ahmedabad lists 24K gold at ₹1,55,410. Jaipur, Lucknow and New Delhi share a similar 24K tag of ₹1,55,510. Across these centres, 22K and 18K gold prices follow the same pattern, with 22K near ₹1,42,410–₹1,43,210 and 18K in the ₹1,16,520–₹1,19,410 range.

Key city-wise gold prices for 24K, 22K and 18K on 16 April 2026 are summarised below.

Daily changes show a modest upward bias. In 24K gold, New Delhi prices moved from ₹1,55,500 to ₹1,55,510, while Mumbai, Bangalore and Hyderabad each rose by ₹10 to ₹1,55,360. Chennai went from ₹1,56,220 to ₹1,56,230, also reflecting a ₹10 rise over the previous session.

The 10-day domestic price trend for 1 gram of 24K and 22K gold underlines this gradual recovery following early-April volatility. Prices dipped towards ₹14,984 per gram for 24K on 7 April 2026 before rebounding steadily to ₹15,536 by 16 April 2026, while 22K moved from ₹13,735 to ₹14,241 across the same period.

Gold price today: macro drivers, peace talks and investment choices

Market focus for gold remains on geopolitical talks and monetary policy. Mediators are said to be making headway towards lengthening the current two-week ceasefire, and US President Donald Trump has remarked that a deal might be within reach. However, the reported deployment of 10,000 additional US troops to the region has introduced fresh uncertainty for risk sentiment.

Hopes around renewed discussions have driven oil prices below $100 per barrel, easing inflation worries and supporting a broader “risk-on” tone across commodities, including precious metals. On the policy side, traders now see around a 30% chance of a US interest rate cut this year, up from about 13% a week earlier, as the Federal Reserve adopts a cautious approach towards inflation trends.

These factors, along with continued buying by global central banks, are seen as supportive for gold over the medium term. Technical levels, including support around $4,770 and resistance near $4,884–$4,922, are closely monitored by traders assessing whether prices can extend gains or may face consolidation after the latest rise.

Indian investors weighing physical gold against financial products are also tracking costs and tax rules. Physical jewellery purchases attract 3% GST on value plus making charges usually between 5% and 35%. Long-term capital gains tax of 12.5% applies when held for more than 24 months, whereas gold ETFs face the same 12.5% rate when units are held for over 12 months.

Gold ETFs listed in India delivered strong performance through 2025, with some funds giving returns above 70% that year. As of April 2026, the leading products by 5-year CAGR include LIC MF Gold ETF at 27.08%, Aditya Birla Sun Life Gold ETF at 27.05%, ICICI Prudential Gold ETF at 27.04%, Axis Gold ETF at 26.94% and Quantum Gold Fund at 26.93%.

Key investment metrics show expense ratios spanning from about 0.30% for options like Zerodha Gold ETF to around 1.0% at the higher end. Liquidity is strongest in Nippon India ETF Gold BeES and Tata Gold ETF, which record the highest trading volumes, while most major funds maintain tracking errors below 0.8%, keeping them close to spot prices.

For buyers seeking to avoid heavy making charges on ornaments, gold ETFs and Sovereign Gold Bonds (SGBs) offer alternatives linked to gold prices without storage risks linked to physical metal. However, final retail prices for any physical purchase still include 3% GST, making costs and other levies, so checking with local jewellers remains important.

Silver price today: domestic silver rate and international silver price

Silver has posted a stronger move than gold in the latest session, with Indian domestic prices rising by about ₹15,000 per kg between 14 April and 16 April 2026. The benchmark 999 purity silver rate is now ₹270.10 per gram, equivalent to ₹2,701 for 10 grams and ₹2,70,100 per kilogram, showing a daily gain of ₹100 per kg.

These domestic prices exclude GST and making charges, which for physical silver utensils or articles usually range from 5% to 25%. At the retail counter, buyers pay 3% GST on the final value plus applicable making costs, so the effective outlay for jewellery or coins will be above the base wholesale rate.

Internationally, spot silver (XAG/USD) is trading within a band of around $79.87 to $83.57 per ounce, near one-month highs. Prices are up about 0.4% in recent sessions, helped by a weaker US dollar, which makes silver more affordable for overseas buyers, and by robust industrial consumption, particularly from electronics manufacturers and solar panel producers.

Analysts note that market positioning reflects expectations of sustained demand and potential support from any further softening in US interest rate expectations. The broader backdrop of lower oil prices and easing inflation concerns has also limited safe-haven flows into the dollar, which indirectly benefits silver and other precious metals.

Silver price today: city-wise silver rates, trend and technical outlook

Across Indian cities, silver shows modest price variations, with southern markets continuing to trade at a premium on 16 April 2026. Chennai, Hyderabad and Kerala each quote 999 silver at ₹2,751 for 10 grams, ₹27,510 for 100 grams and ₹2,75,100 per kilogram, which is about ₹5,000 higher per kg than rates in Delhi and Mumbai.

In contrast, Mumbai, Delhi, Kolkata, Bangalore, Pune, Vadodara and Ahmedabad report 10-gram prices of ₹2,701, with 100 grams at ₹27,010 and 1 kg at ₹2,70,100. This consistent premium in the south is linked to local cultural preferences and some regional industrial demand, which tend to keep rates elevated compared to other metros.

The 10-day history of silver prices in India highlights sharp moves during April. The benchmark kilogram price stayed flat at ₹2,55,000 on 13 and 14 April 2026, then jumped by ₹15,000 to ₹2,70,000 on 15 April, before edging higher to ₹2,70,100 on 16 April. Earlier in the month, prices had swung between ₹2,50,000 and ₹2,60,000 per kg.

From a technical perspective, analysts at Prithvi Finmart expect a positive bias for silver on the MCX, identifying a potential breakout zone between ₹2,56,600 and ₹2,61,200 per kg. MCX silver futures recently rose by about 0.8%, trading close to ₹2,54,955 per kg, suggesting that domestic futures are tracking both global cues and currency moves.

Globally, silver traders are watching support near $78 per ounce and resistance around $85. Hopes that mediators can secure a two-week ceasefire extension may further reduce safe-haven flows into the US dollar and keep interest in silver firm. At the same time, expectations of possible US rate cuts later this year are being treated as broadly supportive.

Silver price today: drivers, buyer considerations and market outlook

Diplomatic efforts around the ceasefire have already had a visible effect on both silver and gold. As oil drops below $100 per barrel, inflation pressures appear less intense, and traders have started increasing bets on potential Federal Reserve rate reductions. This environment has supported industrial metals and precious metals together.

For Indian silver buyers, the usual tax structure remains in place. A 3% GST is levied on the value of silver, and any making charge for coins, utensils or jewellery generally ranges from 5% to 25%. Southern cities, which command around ₹5,000 per kg premium over other metros, reflect a mix of cultural demand and local industrial use.

Both gold and silver prices in India are heavily influenced by international benchmarks and rupee-dollar movements, so domestic buyers often track global developments, central bank commentary and geopolitical news. Official rate boards and jeweller quotations are still the final reference, as all published rates are indicative and do not include specific local charges or levies.

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