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Gold Price Today in India (16 June)
Gold Price Today in India
Gold Price Today in India : India, the second-largest consumer of gold globally after China, sees daily fluctuations in gold prices based on international market movements, USD-INR exchange rates, import duties, and local economic conditions. Despite being one of the biggest importers, India also deals with high taxation on gold, which drives up retail prices. Still, gold remains a trusted investment avenue and a traditional asset for millions, acting as a hedge against inflation and economic turmoil.
On 16 June 2025, gold rates in India have seen a steady rise, driven by global uncertainty and continued demand. Below are the latest gold prices (per gram) for both 22 Carat and 24 Carat gold in 10 major Indian cities.
Meta Description:
Check 16 June 2025 gold prices across major Indian cities. Get the latest 22 carat and 24 carat gold rates in Delhi, Mumbai, Bengaluru, Chennai, Ahmedabad, and more.
🟡 Gold Rates Today (16 June 2025) in Major Indian Cities
| City | 22 Carat (₹/gram) | 24 Carat (₹/gram) |
|---|---|---|
| Delhi | ₹9,320 | ₹10,166 |
| Mumbai | ₹9,305 | ₹10,151 |
| Bengaluru | ₹9,305 | ₹10,151 |
| Chennai | ₹9,305 | ₹10,151 |
| Hyderabad | ₹9,305 | ₹10,151 |
| Pune | ₹9,305 | ₹10,151 |
| Kolkata | ₹9,305 | ₹10,151 |
| Ahmedabad | ₹9,310 | ₹10,156 |
| Indore | ₹9,310 | ₹10,156 |
| Lucknow | ₹9,320 | ₹10,166 |
Note: Prices may vary slightly depending on the jeweller, purity level, and location within the city.
Gold Price Today in India
🧾 Factors Influencing Gold Prices in India
- Global Market Trends:
International gold prices in USD have a direct impact. Any rise in global gold demand or geopolitical unrest pushes prices higher. - Exchange Rate Fluctuations:
Since gold is dollar-denominated, a weakening rupee means costlier gold imports for India. - Import Duties and Taxes:
India imposes around 15% import duty and GST on gold, significantly increasing the retail rate. - Interest Rates and Bond Yields:
When bond yields drop or inflation expectations rise, investors tend to move funds to safer assets like gold. - Demand from Jewellery and Investment:
Wedding and festival seasons spike physical gold demand. Similarly, gold ETFs and digital gold are gaining traction.
💰 Why Gold Remains a Trusted Investment in India
- Safe Haven Asset: Gold historically retains value and performs well during inflation or financial crises.
- Cultural Significance: From weddings to festivals, gold holds deep emotional and social value.
- Liquidity: Gold can be easily sold or pledged for loans.
- Diversification: It adds stability to an investment portfolio, balancing risks from stocks or real estate.
📌 Tips Before Buying Gold
- Check BIS Hallmark Certification for purity assurance.
- Compare rates from multiple jewellers or online platforms.
- Factor in making charges (ranges between 3% to 25%).
- Keep track of gold prices daily if you’re planning a big purchase.
📊 Gold Price Outlook
Given the prevailing global uncertainties, central bank gold buying, and a likely rise in inflation globally, gold prices in India may remain on an upward trend. However, short-term corrections are common based on profit booking and rate changes in international markets.
🔚 Conclusion
Gold continues to be one of the most preferred investment options in India due to its historical resilience and cultural attachment. On 16 June 2025, prices have marginally increased in most cities, reflecting strong demand and global cues. Whether you are a jewellery buyer or a smart investor, staying updated with daily gold rates is key to making informed decisions.
