Gold Prices Slip Again on July 16: 24K Now at ₹9,928 Per Gram

After a brief dip, gold prices in India declined again on Wednesday, July 16, 2025, extending the downward trend seen earlier this week. The drop reflects broader consolidation in global markets as investors await key economic signals. Despite the fall, gold continues to be seen as a reliable hedge, especially during periods of inflation and geopolitical unease.

As per the latest market data, 24K gold dropped by ₹49 per gram to ₹9,928, while 22K gold slipped ₹45 to ₹9,100 per gram. 18K gold also declined ₹37 per gram to ₹7,446. These prices, sourced from reputed jewellers, reflect a uniform downward shift across major Indian cities.

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Gold Prices Today in India – July 16, 2025

As of 10:49 AM on July 16, gold rate today across key metro cities has witnessed a slight drop. Below are the latest per-gram rates for 22K and 24K gold:

• Gold Price Today in Mumbai: In Mumbai, 22K gold is now priced at ₹9,100 per gram, while 24K gold is quoted at ₹9,928 per gram.
• Gold Price Today in Chennai: Chennai also reports 22K gold at ₹9,100 per gram and 24K gold at ₹9,928  per gram.
• Gold Price Today in Bangalore: The rates in Bangalore are ₹9,100 for 22K and ₹9,928 for 24K per gram.
• Gold Price Today in Hyderabad: Hyderabad is witnessing 22K gold at ₹9,100 and 24K at ₹9,928 per gram.
• Gold Price Today in Kerala: In Kerala, both 22K and 24K gold are priced at ₹9,100 and ₹9,928 per gram, respectively.
• Gold Price Today in Delhi: The capital city of Delhi reports 22K gold at ₹9,115 per gram and 24K gold at ₹9,943.

Recent Gold Price Movements in India

Here’s how gold prices have fluctuated over the past few days:

• July 15: 24K at ₹9,977, 22K at ₹9,145
• July 14: 24K at ₹9,988, 22K at ₹9,155
• July 13: 24K at ₹9,971, 22K at ₹9,140
• July 12: 24K at ₹9,971, 22K at ₹9,140
• July 11: 24K at ₹9,900, 22K at ₹9,075
• July 10: 24K at ₹9,840, 22K at ₹9,020

Gold Market Outlook

Despite today’s downward movement, gold continues to maintain investor interest, especially as global uncertainty lingers. The precious metal is still viewed as a long-term safe-haven asset. As India approaches the festive and wedding seasons, physical demand is expected to remain supportive. Additionally, any geopolitical disruption or inflationary signal may again turn sentiment in gold’s favour.