Gold prices in India continue their upward momentum as festive demand and global cues push rates higher. On April 16, 2026, bullion markets across major cities reported a sharp rise, with 22-carat gold crossing ₹1.42 lakh per 10 grams in cities like Mumbai and Pune, while silver prices also witnessed a strong jump.
The rally comes just days before Akshaya Tritiya, traditionally considered an auspicious time for buying gold and other precious metals.
Here are the latest gold rates in key Indian cities:
| City | 22K Gold (₹/10g) | 24K Gold (₹/10g) |
|---|---|---|
| Delhi | 1,42,560 | 1,55,510 |
| Mumbai | 1,42,410 | 1,55,360 |
| Ahmedabad | 1,42,460 | 1,55,410 |
| Chennai | 1,40,990 | 1,56,230 |
| Kolkata | 1,42,410 | 1,55,360 |
| Hyderabad | 1,42,410 | 1,55,360 |
| Jaipur | 1,42,560 | 1,55,510 |
| Bhopal | 1,42,460 | 1,55,410 |
| Lucknow | 1,42,560 | 1,55,510 |
| Chandigarh | 1,42,560 | 1,55,510 |
Notably, Delhi recorded ₹1,55,510 per 10 grams for 24K gold, reflecting strong demand and bullish sentiment.
Several domestic and global factors are driving the current rally:
Silver is not far behind in the rally. On April 16:
The sharp increase highlights strong investor and industrial demand for the metal.
Akshaya Tritiya is considered one of the most auspicious days in India for purchasing gold. It symbolizes:
This cultural significance leads to a surge in gold demand every year, often pushing prices higher during this period.
With prices already elevated, experts suggest:
Gold and silver prices are currently on a strong upward trend, supported by both festive demand and global factors. While Akshaya Tritiya may encourage buying, investors should make informed decisions based on their financial goals.
With volatility likely to continue, staying updated on market trends is key before making any major purchase.
