New Delhi/Patna: Gold and silver prices witnessed a sharp increase on September 16, reversing the decline recorded a day earlier.
According to the India Bullion and Jewellers Association (IBJA), the price of 10 grams of 24-carat gold rose by Rs 992 to Rs 1.52 lakh, while the price of one kilogram of silver increased by Rs 2,418 to Rs 2.29 lakh.
On the previous day, gold prices had fallen by Rs 1,036 to Rs 1.51 lakh, while silver had declined by Rs 179 per kilogram to Rs 2.29 lakh.
Gold Prices by Carat
| Carat | Price (Rs/10 grams) |
| 24 Carat | Rs 1,51,894 |
| 22 Carat | Rs 1,39,135 |
| 18 Carat | Rs 1,13,921 |
| 14 Carat | Rs 88,858 |
Gold Prices in Major Cities
| City | Price of 10g (24-carat) |
| Delhi | Rs 1,53,590 |
| Mumbai | Rs 1,53,440 |
| Kolkata | Rs 1,53,440 |
| Jaipur | Rs 1,53,590 |
| Bhopal | Rs 1,53,490 |
| Patna | Rs 1,53,490 |
| Lucknow | Rs 1,53,590 |
| Raipur | Rs 1,53,440 |
| Ahmedabad | Rs 1,53,490 |
Source: Goodreturns, September 16, 2026
Gold Up Nearly Rs 19,000 This Year
Gold and silver prices have seen significant fluctuations throughout 2026. The price of 10 grams of gold has risen by around Rs 19,000 since the end of last year.
On December 31, 2025, gold was priced at Rs 1.33 lakh per 10 grams. It has now climbed to around Rs 1.52 lakh.
Silver has remained relatively stable during the same period. The metal was priced at Rs 2.30 lakh per kilogram at the end of 2025 and is currently trading around Rs 2.29 lakh per kilogram.
Both precious metals touched record highs earlier this year. Gold reached Rs 1.76 lakh per 10 grams, while silver touched Rs 3.86 lakh per kilogram on January 29.
Volatility Likely to Continue
Market experts believe fluctuations in gold and silver prices may continue in the near term.
According to analysts, uncertainty surrounding interest rates ahead of the US Federal Reserve’s policy decisions could keep pressure on prices. At the same time, geopolitical tensions and broader economic uncertainty may support demand for gold as a safe-haven asset.
Experts have advised investors to remain cautious amid ongoing market volatility, while noting that any significant correction in prices could create buying opportunities.
