Gold and Silver Price Today: State-Wise Analysis and Market Outlook for July 16, 2026

Gold and silver prices shot up today across all major Indian cities. Weak international economic data, changes on the MCX, and high demand for the upcoming wedding season triggered this sudden buying rush over the last 24 hours.

If you plan to buy bridal jewelry or want to invest in precious metals, these new rates will change your budget. Global market tensions are pushing rates higher, so buyers must look at the updated charts before visiting a showroom.

Gold and Silver Price Today :

1. West Bengal: Kolkata Market Rates

Kolkata sets the price trend for the entire eastern region. Heavy buying in Bowbazar and central trading areas directly affects the local spot prices. Today, rates jumped sharply across all three purity levels:

• 24 Karat Gold (99.9% Pure): The highest purity gold rose by ₹28 per gram. It now costs ₹14,329 per gram. This means a 10-gram bar costs ₹1,43,290, and a 100-gram bar costs ₹14,32,900.

• 22 Karat Gold (91.6% Pure): Jewelers use this type for traditional heavy jewelry. The price went up by ₹25 per gram, settling at ₹13,135 per gram (or ₹1,31,350 for 10 grams).

• 18 Karat Gold (75.0% Pure): People mostly choose this for diamond settings. It gained ₹20 per gram, reaching ₹10,747 per gram (or ₹1,07,470 for 10 grams).

• Silver Price: Silver followed the upward trend and settled at ₹235 per gram. Bulk buyers are paying ₹2,35,000 per kilogram.

2. Maharashtra: Mumbai Rates

Mumbai handles the bulk of India’s corporate gold clearing, so its rates dictate the market across western India.

• 24K Gold: Pure gold matches Kolkata’s price at ₹14,329 per gram (₹1,43,290 per 10 grams).

• 22K Gold: Standard ornamental gold holds steady at ₹13,135 per gram.

• 18K Gold: Diamond and stone jewelry gold costs ₹10,747 per gram.

• Silver: Wholesale silver bars trade at ₹2,35,000 per kilogram due to stable supply chains.

3. Delhi and NCR Rates

The northern region sees massive luxury buyers, but shipping routes add a slight extra cost to the final rate.

• 24K Gold: Local association rules push pure gold to ₹14,344 per gram (₹1,43,440 per 10 grams).

• 22K Gold: Bridal jewelry gold costs a bit more here at ₹13,150 per gram.

• 18K Gold: Contemporary wear items stand at ₹10,762 per gram.

• Silver: High industrial demand in neighboring zones keeps silver at ₹2,35,100 per kilogram.

4. Tamil Nadu: Chennai Rates

Southern India buys a massive share of the country’s physical gold imports, which often creates a local premium.

• 24K Gold: High consumer demand pushes Chennai to the top of the chart at ₹14,399 per gram (₹1,43,990 per 10 grams).

• 22K Gold: Traditional wedding gold carries a local markup, trading at ₹13,200 per gram.

• 18K Gold: Modern jewelry gold stands at ₹10,837 per gram.

• Silver: Retail buyers are pushing silver prices ahead of other hubs to ₹240 per gram (₹2,40,000 per kilogram).

5. State-Wise Price Chart (Per Gram)

Here is a quick reference table showing the exact prices across major trading hubs today:

Why are Gold and Silver Prices Rising?

Four main economic factors are driving this sudden market surge:

• Safe-Haven Buying: Global trade issues and stock market corrections are forcing big investors to move their money out of paper assets and put it into physical gold.

• The Silver-Gold Connection: Silver usually follows the footsteps of gold. As gold climbed over the last few months, silver prices also rallied, gaining around 5 to 7 percent since the start of the year.

• Currency Fluctuations: While international rates went up, the USD-INR exchange rate also shifted, adding a domestic markup for Indian retail buyers.

• Wedding Season Stocking: Large jewelry chains are buying heavy stocks despite the high rates because they need to prepare for upcoming wedding demands.

How to Check Your Showroom Invoice

With 24K gold at ₹14,329 per gram, even a small calculation mistake can cost you thousands. You can calculate your final bill using this simple method:

3 Rules for Smart Buyers:

1. Check the 6-Digit HUID Code: Never buy gold without a laser-stamped Hallmark Unique Identification (HUID) code. Use the government’s official BIS Care App to verify the purity and weight.

2. Verify the Purity Base: Ensure the jeweler calculates making charges on the specific karat you buy, not the higher 24K rate. A 22K ornament must use today’s 22K base rate of ₹13,135.

3. Use a Gold Rate Calculator: Run the daily rates through an online calculator before swiping your card. This keeps the transaction fully transparent.

What is the Next Target for Gold and Silver?

Commodity experts point out these crucial levels for the coming days:

• Gold Target: Gold in Kolkata has built a solid floor at ₹14,250 per gram. Analysts expect the price to steady here before it tries to test the upper resistance level near ₹14,450.

• Silver Target: Silver is holding steady at ₹2,35,000 per kilogram. Strong industrial use and its 5 to 7 percent yearly gain will help the metal protect this floor before it targets the next resistance boundary at ₹2,39,200.

Disclaimer: We collect these market rates from different news channels and local trade updates just to share information. Please do not take this as financial or investment advice. Gold and silver prices change fast every day because of market shifts and local tax rules. We strictly recommend checking the live current rates in your city and talking to a financial expert before buying anything.