The Indus Zone Tech Desk | New Delhi | Gold Price Today | October 16, 2025 — The gold market in India remained stable on Thursday, with prices showing no major fluctuations across purity levels. According to market trackers, the price of 24-carat gold stood at 12,944 per gram, while 22-carat gold was priced at 11,865 per gram, and 18-carat gold was trading at 9,708 per gram.
After hitting record highs earlier this month due to global economic concerns and festive buying, gold rates have steadied, signaling a balanced demand in both domestic and international markets.
Gold Prices Remain Steady Amid Festive Demand
Gold prices in India have been on an upward trajectory throughout early October, largely driven by the festive season and global uncertainties surrounding a possible US government shutdown. These factors increased investor interest in safe-haven assets like gold.
However, as of October 16, 2025, the prices remained unchanged from the previous day, reflecting a period of consolidation in the bullion market. Traders say consistent consumer demand and limited global volatility have kept the prices from making drastic moves this week.
The yellow metal continues to hold its place as a reliable hedge against inflation and currency depreciation. While 24-carat gold remains the preferred choice for investment and long-term holding, 22-carat and 18-carat gold are more commonly used in jewellery manufacturing.
Gold Price Today in India (Per Gram, October 16, 2025)
Purity (Carat) 1 Gram 8 Grams 10 Grams 100 Grams Change
24K Gold ₹12,944 ₹1,03,552 ₹1,29,440 ₹12,94,4000
22K Gold ₹11,865 ₹94,920 ₹1,18,650 ₹11,86,5000
18K Gold ₹9,708 ₹77,664 ₹97,080 ₹9,70,8000
Source: GoodReturns
These prices reflect the current average market value across major Indian cities. There has been no change in rates compared to October 15, as per gold traders and jewellers’ associations.
City-Wise Gold Rates in India Today
Gold rates vary slightly from city to city based on local taxes, demand, and transportation costs. Below are the city-wise gold prices in India as of October 16, 2025:
City 24K (Rs/g) 22K (Rs/g) 18K (Rs/g)
Chennai 12,982 11,900 9,830
Mumbai 12,944 11,865 9,708
Delhi 12,959 11,880 9,723
Kolkata 12,944 11,865 9,708
Bangalore 12,944 11,865 9,708
Hyderabad 12,944 11,865 9,708
Kerala 12,944 11,865 9,708
Ahmedabad 12,949 11,870 9,713
Jaipur 12,959 11,880 9,723
Lucknow 12,959 11,880 9,723
Patna 12,949 11,870 9,713
Nagpur 12,944 11,865 9,708
Chandigarh 12,959 11,880 9,723
Surat 12,949 11,870 9,713
Bhubaneswar 12,944 11,865 9,708
Mangalore 12,944 11,865 9,708
Gurgaon 12,959 11,880 9,723
Ghaziabad 12,959 11,880 9,723
Noida 12,959 11,880 9,723
Source: GoodReturns (as of 12:00 PM IST)
Factors Influencing Gold Prices in India
Gold prices are influenced by multiple factors — both domestic and international. Here are some key drivers behind today’s gold rates:
- Global Economic Trends: Uncertainty in the US economy and fluctuations in the dollar index often impact international gold prices.
- Festive and Wedding Season Demand: October marks the start of India’s festive season, with Navratri, Dussehra, and Diwali approaching, leading to higher jewellery sales.
- Import Costs: India imports most of its gold, so import duties and global prices have a direct effect on domestic rates.
- Inflation and Interest Rates: Higher inflation typically boosts gold demand as investors turn to it as a hedge.
- Geopolitical Events: Conflicts or trade disruptions can increase global demand for gold as a safe-haven asset.
Silver Prices Remain Stable Too
Alongside gold, silver rates also stayed stable today across major cities like Delhi, Mumbai, and Hyderabad. Silver continues to be an affordable alternative for small investors and is often used for industrial and ornamental purposes.
You can check detailed silver rates for October 16 in our Silver Price Today report.
Expert Outlook: Gold Prices May Rise Again
Analysts predict that gold prices in India may see a fresh rise as the festive season peaks and global uncertainty continues. A weak rupee and expectations of lower interest rates from the US Federal Reserve could further support gold’s upward trend in the coming weeks.
Financial experts advise that investors looking for portfolio stability should consider adding gold as a long-term asset, especially in the form of 24K gold bars, sovereign gold bonds, or digital gold investments.
Conclusion
On October 16, 2025, gold prices across India remained unchanged, with 24-carat gold at ₹12,944 per gram, 22-carat at ₹11,865 per gram, and 18-carat at ₹9,708 per gram. The stability reflects balanced market sentiment as India heads deeper into the festive season.
With Diwali just around the corner, jewellers expect sales to remain strong, while investors continue to view gold as a reliable safe-haven asset amid global uncertainty.
