By Admin 
Gold Price Today: Even after reaching historic levels in the beginning of October, gold prices continue to rise. Factors like possible shutdown in America, increasing demand during the festive season and market fluctuations are being considered as the main reasons behind this surge. However, today i.e. on 16th October, no change has been seen in the prices of gold. It is stable at the rate of the previous day i.e. 15th October.
Why is the price increasing?
According to experts, due to increasing demand and economic uncertainties in the market, investors are considering gold as a safe investment option. 24 carat gold is the purest and most precious, which is usually purchased for investment purposes. At the same time, 22 carat and 18 carat gold are mainly used in jewelery manufacturing.
Today’s latest rates on October 16, 2025, 24 carat gold is Rs 1,29,440 per 10 grams, 22 carat gold is Rs 1,18,650 per 10 grams and 18 carat gold is Rs 97,080 per 10 grams.
Latest rate in your city:
Today 24 carat gold is being sold in the country at the rate of Rs 1,29,440. Whereas, 22 carat gold is available in the market at the rate of Rs 1,18,650 and 18 carat gold at the rate of Rs 97,080 per 10 grams. Today, 24 carat gold is being sold at Rs 1,29,50 in the national capital Delhi.
Whereas, in Chennai it is available in the market at Rs 1,29,820 per 10 grams, while in Kolkata, Bengaluru, Hyderabad, Kerala and Nagpur it is available in the market at Rs 1,29,440. Whereas in Ahmedabad, Jaipur, Lucknow, Patna, Chandigarh, Surat and Gurgaon, 24 carat gold is being sold at the rate of Rs 1,29,590.
How is the price decided?
Gold and silver prices are determined on a daily basis, and are influenced by a number of economic, global and domestic factors. The main reasons are as follows – In the international market, the prices of gold and silver are fixed in US dollars. Therefore, changes in the dollar-rupee exchange rate have a direct impact on their prices. When the dollar strengthens or the rupee weakens, gold and silver become expensive in India.
Most of the gold in India is imported. In such a situation, Customs Duty, GST and other local taxes directly affect their prices. Globally, situations like economic instability, war, change in interest rates or recession affect the prices of gold and silver. When uncertainty increases in the market, investors turn to safer investment options like gold instead of risky instruments.
In India, gold is not just an investment but a symbol of tradition and cultural belief. Buying gold on marriages, festivals and auspicious occasions is considered auspicious. Therefore, when demand increases, prices also increase. Gold has long been considered a safe investment option against inflation. When inflation increases or there is instability in the stock market, people increase investment in gold, due to which both its demand and price increase.