Gold Today Rate, October 16: Check 18, 22 and 24 carat gold prices Chennai, Mumbai, Delhi, Kolkata and other cities

Gold Rate Today: While gold rates in India reached historic highs at the start of October, driven by concerns over a potential US government shutdown, which led to increased demand for safe-haven assets, in addition to the festive seasonal demand in India.

However, on October 16, Thursday, gold prices remained unchanged from yesterday across all purity levels, with the consistent price rise reflecting growing demand and market fluctuations influencing gold valuations.

ALSO CHECK | Silver Today Rate, October 16: Silver price today in Delhi, Hyderabad, Bangalore, Chennai, Mumbai; check city-wise silver rate list

The yellow metal is considered an ideal inflation hedge, with 24-carat gold being the most expensive form of gold and commonly used for investment purposes, while 22-carat gold and 18-carat gold are primarily utilised for jewellery.

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Gold rate in India today, on October 16 (INR):

Gold prices remained steady today: 24-karat gold at ₹12,944 per gram, 22-karat gold at ₹11,865 per gram, and 18-karat gold at ₹9,708 per gram.

Carat-Wise Gold Rate Per Gram in India (INR):

Carat	Gram	Gold Rate in India Today	Gold Rate in India Yesterday	Change
24K	1	12,944	12,944	0
24K	8	1,03,552	1,03,552	0
24K	10	1,29,440	1,29,440	0
24K	100	12,94,400	12,94,400	0
22K	1	11,865	11,865	0
22K	8	94,920	94,920	0
22K	10	1,18,650	1,18,650	0
22K	100	11,86,500	11,86,500	0
18K	1	9,708	9,708	0
18K	8	77,664	77,664	0
18K	10	97,080	97,080	0
18K	100	9,70,800	9,70,800	0

Source: GoodReturns

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Gold Price Today in Major Indian Cities (Per Gram)

City	24K Today	22K Today	18K Today
Chennai	12,982	11,900	9,830
Mumbai	12,944	11,865	9,708
Delhi	12,959	11,880	9,723
Kolkata	12,944	11,865	9,708
Bangalore	12,944	11,865	9,708
Hyderabad	12,944	11,865	9,708
Kerala	12,944	11,865	9,708
Ahmedabad	12,949	11,870	9,713
Jaipur	12,959	11,880	9,723
Lucknow	12,959	11,880	9,723
Patna	12,949	11,870	9,713
Nagpur	12,944	11,865	9,708
Chandigarh	12,959	11,880	9,723
Surat	12,949	11,870	9,713
Bhubaneswar	12,944	11,865	9,708
Mangalore	12,944	11,865	9,708
Gurgaon	12,959	11,880	9,723
Ghaziabad	12,959	11,880	9,723
Noida	12,959	11,880	9,723

Source: GoodReturns