Gold Today Rate, 16 June: Check 18, 22 and 24 carat gold prices Chennai, Mumbai, Delhi, Kolkata and other cities
Gold continues to shine on global and domestic markets alike. On June 16, 2025, prices of gold in India saw marginal fluctuations across major cities. With ongoing geopolitical tensions and consistent demand for the yellow metal in India, rates remained high—particularly for 24-carat gold.
This comprehensive breakdown provides today’s gold rates for 18 carat, 22 carat, and 24 carat gold in key Indian cities including Delhi, Mumbai, Chennai, Kolkata, and Bangalore.
📈 What Are Today’s Gold Rates?
Here are the prices of gold per gram in top cities:
| City | 18K (₹/g) | 22K (₹/g) | 24K (₹/g) |
|---|---|---|---|
| Delhi | ₹7,393 | ₹9,035 | ₹9,855 |
| Mumbai | ₹7,380 | ₹9,020 | ₹9,840 |
| Chennai | ₹7,415 | ₹9,020 | ₹9,840 |
| Kolkata | – | ₹9,305 | ₹10,151 |
| Bangalore | ₹7,380 | ₹9,305 | ₹10,151 |
Note: Prices may vary slightly depending on local jewellers and demand-supply dynamics.
🧾 24 Carat Gold Prices: Touching New Highs
The 24-carat gold rate remains the highest among all variants as it is the purest form of gold with 99.9% purity. In Kolkata and Bangalore, 24K gold was priced at ₹10,151 per gram, making them the costliest among metro cities. This spike is largely attributed to both international market trends and domestic demand during the wedding season.
In comparison, Mumbai and Chennai offered slightly more affordable rates at ₹9,840 per gram, while Delhi hovered at ₹9,855.
💰 22 Carat Gold: Popular for Jewellery
22-carat gold, which contains 91.6% pure gold and is commonly used in making jewellery, followed a similar pattern. It was available for:
- ₹9,305 per gram in Kolkata and Bangalore
- ₹9,035 in Delhi
- ₹9,020 in Mumbai and Chennai
The subtle differences in prices are generally due to local taxes, transportation costs, and regional demand.
🔅 18 Carat Gold: Affordable and Trendy
For those looking for more budget-friendly options or modern jewellery designs, 18K gold, with 75% purity, is widely used. Prices for this variant were:
- ₹7,380 per gram in Mumbai and Bangalore
- ₹7,393 in Delhi
- ₹7,415 in Chennai
Although not suitable for heavy traditional ornaments, 18K gold is ideal for daily wear jewellery and fashion accessories.
🌐 Why Are Gold Prices Rising?
A combination of global economic uncertainty, central bank buying, and safe-haven investment appeal has pushed gold rates higher in 2025. Investors are increasingly turning to gold amid volatile equity markets and international tensions, particularly in Eastern Europe and the Middle East.
Moreover, the Indian Rupee’s performance against the US Dollar and changes in import duties can also significantly impact domestic gold rates.
📦 Factors Influencing Gold Rates in India
Here are some of the major factors that drive the fluctuation in gold prices:
- International Market Trends: Prices of gold in global markets, especially on the COMEX and LBMA exchanges, directly affect Indian rates.
- Import Duties and GST: India imports most of its gold. Any changes in customs duty or GST can reflect in retail prices.
- Rupee-Dollar Exchange Rate: A weaker rupee against the dollar makes gold imports costlier.
- Seasonal Demand: Festivals like Akshaya Tritiya, Diwali, and the wedding season push up demand and prices.
- Inflation and Interest Rates: Gold is considered a hedge against inflation. Higher inflation often leads to higher gold prices.
- Central Bank Policies: Large purchases or policy changes by the RBI and other central banks can create ripples in the gold market.
🔮 Should You Buy Gold Today?
While gold prices are currently on the higher side, analysts believe that the trend could sustain due to global uncertainties. If you’re looking to invest for the long term, systematic purchases via gold ETFs, digital gold, or Sovereign Gold Bonds (SGBs) might be more cost-effective than buying physical gold.
However, if your goal is personal consumption—like jewellery for an upcoming family event—today’s rate, though elevated, may still be acceptable given the market outlook.
🛍️ Buying Tips
Before making a gold purchase today:
- Check purity: Always buy BIS-hallmarked gold.
- Compare prices: Rates vary slightly across jewellers and cities.
- Ask for breakdown: Request itemized bills including making charges and taxes.
- Track market trends: If you’re investing, follow market predictions and expert analysis.
🧮 Final Word
As of June 16, 2025, gold prices remain high, particularly for 22K and 24K variants, reflecting both global economic uncertainties and seasonal domestic demand. While cities like Mumbai and Chennai offer slightly better deals than Kolkata or Bangalore, the difference isn’t substantial enough to delay a planned purchase.
Whether you’re an investor, a buyer, or simply tracking prices, staying updated on daily gold rates is essential. With prices potentially poised for further upward movement, timing your purchase wisely can make all the difference.
