Gold Price Rally Halts, Silver Soars: Check Latest Rates Across Major Cities
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Moneycontrol•16-01-2026, 07:48
Gold Price Rally Halts, Silver Soars: Check Latest Rates Across Major Cities
- •Gold prices saw a slight decline on January 16, with 24-carat gold in Delhi at Rs 143,760 per 10 grams.
- •Mumbai, Chennai, Kolkata, Pune, and Bengaluru recorded 24-carat gold at Rs 143,610 per 10 grams.
- •Internationally, spot gold fell to $4,614.45 per ounce, while silver continued its upward trend.
- •Silver reached Rs 295,100 per kilogram domestically, despite a slight dip in international spot price to $91.20 per ounce.
- •Expectations of US Federal Reserve interest rate cuts, geopolitical tensions, and strong demand are influencing precious metal prices.
Why It Matters: Gold prices dipped slightly, while silver continued its upward trend, driven by market expectations and demand.
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