Last Updated on February 16, 2025 by IPO Manthan Team
Gold prices today on 16th Feb 2025 in India have seen minor fluctuations, reflecting the ongoing volatility in the global market. As of today, the price of 24K gold stands at ₹8,682 per gram, translating to ₹86,820 per 10 grams. Meanwhile, 22K gold is priced at ₹7,960 per gram or ₹79,600 per 10 grams.
Gold Prices in Major Cities
Gold prices today on 16th Feb 2025 in India vary slightly across different cities due to local demand and other market factors. Below is a comparison of gold rates in major Indian cities:
Here is the table for gold prices in major Indian cities on 16th February 2025:
| City | 24K Gold (10 grams) | 22K Gold (10 grams) |
|---|---|---|
| Bangalore | ₹86,720 | ₹79,450 |
| Chennai | ₹86,820 | ₹79,550 |
| Delhi | ₹86,820 | ₹79,550 |
| Hyderabad | ₹86,670 | ₹79,400 |
| Mumbai | ₹86,670 | ₹79,400 |
These rates may change slightly throughout the day depending on global and domestic economic conditions.
Factors Influencing Gold Prices Today on 16th Feb 2025 in India
Gold prices fluctuate due to several key factors. Here are the major reasons affecting gold rates today:
- Global Economic Trends: Uncertainty in the global economy, including inflation and geopolitical tensions, has led to fluctuations in gold prices. Investors often turn to gold as a safe-haven asset during economic instability.
- Currency Exchange Rates: A weaker Indian Rupee against the US Dollar results in higher gold prices, as India imports most of its gold.
- Festive and Wedding Season Demand: Increased demand during festivals and weddings pushes gold prices higher. However, lower retail participation recently has kept prices relatively stable.
- Central Bank Policies: Changes in interest rates and gold reserves by central banks worldwide impact market prices.
- U.S. Tariffs and Global Trade: Any new tariffs or global trade restrictions affect production costs and inflation, influencing gold prices.
Gold Price Trends in Recent Days
Gold prices in India have shown significant fluctuations over the past few days. Here’s a look at recent trends:
- February 14, 2025: Gold prices saw an increase, with 24K gold priced at ₹87,060 per 10 grams and 22K gold at ₹79,960. The rise was attributed to a weaker US Dollar and higher local demand.
- February 13, 2025: The upward trend continued, with 24K gold at ₹8,705 per gram and 22K at ₹7,980 per gram.
- February 12, 2025: A slight dip was observed, with 24K gold at ₹8,667 per gram and 22K at ₹7,940 per gram.
- February 10, 2025: Gold prices reached record highs, crossing ₹85,469 per 10 grams due to concerns over US tariff policies.
- February 3, 2025: A sharp decline was noted after the Union Budget announcements, causing gold rates to fall by ₹400 for 22K and ₹440 for 24K gold.
What to Expect Next?
With ongoing global economic uncertainties, gold prices today on 16th Feb 2025 in India remain sensitive to external factors. While international demand and currency fluctuations play a key role, local buyers should also keep an eye on festive season trends, which may impact prices in the coming weeks.
Investors and buyers should stay updated on gold rates, as the market remains unpredictable. Whether purchasing for investment or personal use, tracking daily price movements will help in making informed decisions.