On Thursday, July 16, 2026, gold prices declined while silver rates remained stable. 24-carat gold in Delhi fell by ₹280. Gold and silver futures also saw a drop on MCX.
Gold Silver Price Today: Gold prices saw a decline on Thursday, July 16, 2026. The precious metal was also trading in the red in the domestic spot market. Meanwhile, there has been no change in the price of silver.
According to the Good Returns website, at 11 AM in the national capital Delhi, the price of 24-carat gold fell by ₹280. After this, the price of 10 grams of gold became ₹1,43,440.
Similarly, the rate for 22-carat gold dropped by ₹250 to ₹1,31,500 per 10 grams.
The price of 18-carat gold in the city was also seen trading with a fall of ₹200 at ₹1,07,620 per 10 grams.
No change was seen in the price of silver in Delhi's domestic spot market. The price of silver remained stable at ₹2,35,000 per kilogram.
Fluctuations in gold prices were also observed in other major cities of the country.
A decline was also registered in the futures prices of gold and silver on the Multi Commodity Exchange (MCX).
At 11:15 AM, gold for August 5 delivery was trading at ₹1,41,300 per 10 grams, down by 0.39% or ₹550.
Meanwhile, silver futures for September 4 delivery were at ₹2,19,428 per kilogram, down by 0.54% or ₹1192.
According to experts, crude oil prices have reached around $85 due to rising tensions between the US and Iran. This has increased concerns about inflation.
There is a fear that the US Federal Reserve might raise interest rates to control inflation. Higher interest rates typically put pressure on gold, causing its prices to fall.
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