Gold, silver prices on August 16: What are latest rates for your city?

Want to buy gold and/or silver today? Here's how much you will have to pay.

Published on: Aug 16, 2023, 10:10:53 IST

By HT News Desk, New Delhi

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On Wednesday, both 22 and 24-carat (K) gold are cheaper as compared to yesterday, with their prices going down by ₹10 and ₹11 per gram, respectively. Therefore, according to the Goodreturns website, one gram of 22K gold, is selling at ₹5445, while eight gram is at ₹43,560. For 10 gram of the metal, buyers must pay ₹54,450, and ₹5,44,500 for 100 gram.

Similarly, one gram of 24K gold is priced at ₹5940, and eight gram is available for ₹47,520; on the other hand, 10 gram and 100 gram come for ₹59,400 and ₹5,94,000, respectively.

City	22K Gold price (10 gram)	24K Gold price (10 gram)
Ahmedabad	₹54,500	₹59,450
Bengaluru, Hyderabad, Kolkata, Mumbai	₹54,450	₹59,400
Chennai	₹54,950	₹59,950
Delhi	₹54,600	₹59,550

It must be noted, however, that the rates mentioned above are only indicative, and do not include GST, TCS, and other taxes. For the exact daily cost, people must get in touch with their local jeweller.

Silver prices on August 16

Meanwhile, for silver, the daily rates are the same as those on the previous day. Accordingly, as per Goodreturns, customers can get one gram of silver for ₹72.80, eight gram for ₹582.40, and 10 gram for ₹728. For 100 gram of the metal, they must spend ₹7280, and ₹72,800 for 1 kilogram.

City	Silver price (10 gram)
Ahmedabad, Delhi, Kolkata, Mumbai	₹728
Bengaluru	₹715
Chennai, Hyderabad	₹762

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HT News Desk
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