By Admin 
- Gold becomes cheaper by Rs 510 per 10 grams in the domestic market.
- Investors booked profits in gold at higher prices.
- Silver became costlier by Rs 2500, now Rs 2,20,000 per kg.
Gold-Silver Rate Today on July 16: Amidst the worsening situation in America and Iran, today the prices of gold in the country are once again falling. Even on the international market (COMEX), gold has gained 0.37% today and is trading at $ 4066.80 an ounce. But on the contrary, today the prices of gold in the domestic markets have fallen by 0.36%, due to which the price of 24 carat gold has come down to Rs 1,42,220 per 10 grams. There has been a decline of Rs 510 compared to yesterday. On Wednesday, the price of 24 carat gold per 10 grams was Rs 1,42,730.
How much did 22 carat and 18 carat become cheaper?
Like 24 carat, today the price of 22 carat gold has come down by Rs 410 to Rs 1,31,000 per 10 gram as compared to yesterday’s Rs 1,31,410 per 10 gram. The price of 18 carat gold has also decreased during this period. Its rate has fallen by Rs 380 compared to yesterday and has come down to Rs 106,665 per 10 grams today. Yesterday the price was Rs 107,045.
city wise gold prices
| City | 24 carat gold price (per 10 grams) | 22 carat gold price (per 10 grams) |
| Delhi | Rs 1,43,730 | Rs 1,31,760 |
| Mumbai | Rs 1,43,580 | Rs 1,31,610 |
| Kolkata | Rs 1,43,580 | Rs 1,31,610 |
| Bengaluru | Rs 1,43,580 | Rs 1,31,610 |
| Chennai | Rs 1,43,790 | Rs 1,31,810 |
Why is the price of gold falling?
Gold had recently reached its record high level. Due to increasing military tension between America and Iran, big institutional investors (FIIs) and central banks have started booking profits in gold at higher prices, due to which its prices are falling. Apart from this, pressure on gold has also increased due to investors withdrawing money from Gold ETFs and shifting to liquid cash or stock market.
price of silver today
Today, on July 16, the price of silver in India has increased by 1.16% and with this its price has now reached the level of Rs 2,20,000 per kilogram. That means today silver has become costlier by around Rs 2500 per kg in the domestic markets. Today, on the international market (COMEX), silver is 0.21% stronger and is trading at $ 59.23 per troy ounce.
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