Gold and Silver prices on January 16: Check latest rates of your city here

According to GoodReturns, the price of 22-carat gold was at Rs 58,150 per gram; Rs 63,440 for 10 gm 24-carat gold and silver at Rs 76,800 per kg respectively.

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Alina Khan
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According to the GoodReturns, 22-carat gold prices in India are at Rs 5,815 per gram, while for 24-carat the price is at Rs 6,344 per gram on Tuesday.

On January 16, the price of 22-carat gold was at Rs 58,150 per gram; Rs 63,440 for 10 gm 24-carat gold and silver at Rs 76,800 per kg respectively, according to GoodReturns. At the same time, the silver rate was Rs 76.80 per gram whereas for 10 grams it was Rs 768.

Check rates of Gold and Silver here:

Cities

22-carat Gold (10 gm)

24-carat Gold (10 gm)

Silver (1 kg)

Delhi

58,300

63,590

76,800

Mumbai

58,150

63,440

76,800

Chennai

58,700

64,040

78,300

Kolkata

58,150

63,440

76,800

Bengaluru

58,150

63,440

74,000

Hyderabad

58,150

63,440

78,300

Kerala

58,150

63,440

78,300

Why is gold and silver crucial in India?

In a country where gold and silver have deep-rooted cultural and economic significance, keeping track of their rates is of paramount importance. Whether one is an investor, a bride-to-be, or someone who appreciates the allure of these precious metals, understanding the dynamics of gold and silver rates in India can be both fascinating and rewarding.