Gold Silver Price Today (16 Oct 2026): IBJA 24K Rises ₹484 to ₹1,46,426, Silver Up 1.3% to ₹2,10,918/kg
₹1,46,426 per 10 grams: IBJA’s 24-carat gold fix closed there on Friday, 16 October 2026, ₹484 higher than Thursday. Silver rose more, by ₹2,643 to ₹2,10,918 a kg. So the gold silver price today breaks a run of daily falls, though both metals are still lower than a week ago. Below are IBJA’s AM and PM rates, retail quotes for six cities, and what they mean for your bill.
Gold silver price today: IBJA rates for 16 October
| Metal / purity | AM fix | PM fix | 15 Oct PM | Change (PM vs 15 Oct PM) |
|---|---|---|---|---|
| Gold 999 (24K), ₹/10g | 1,46,514 | 1,46,426 | 1,45,942 | +484 (+0.33%) |
| Gold 916 (22K), ₹/10g | 1,34,207 | 1,34,126 | 1,33,683 | +443 (+0.33%) |
| Gold 750 (18K), ₹/10g | 1,09,886 | 1,09,820 | 1,09,457 | +363 (+0.33%) |
| Silver 999, ₹/kg | 2,10,312 | 2,10,918 | 2,08,275 | +2,643 (+1.27%) |
Source: ibjarates.com, read at about 9:12 PM IST. Rates exclude 3% GST and making charges. Changes are our calculations.
How we checked the date: IBJA’s live table shows no date. Its dated archive of earlier rates now ends at 15/10/2026, and those rows match Thursday’s live figures exactly. The figures above are therefore Friday’s.
Inside the day, gold slipped slightly from the morning session: 24K was ₹88 lower in the PM fix than in the AM fix. Silver moved the other way and gained ₹606 between sessions.
Gold silver price today vs last week
| Date | 24K PM (₹/10g) | Silver PM (₹/kg) |
|---|---|---|
| Fri, 9 Oct | 1,49,430 | 2,21,109 |
| Mon, 12 Oct | 1,48,061 | 2,20,295 |
| Tue, 13 Oct | 1,47,617 | 2,19,038 |
| Wed, 14 Oct | 1,46,064 | 2,13,822 |
| Thu, 15 Oct | 1,45,942 | 2,08,275 |
| Fri, 16 Oct | 1,46,426 | 2,10,918 |
Source: IBJA dated archive and today’s PM fix. Over the week, 24K is down ₹3,004 (−2.01%) and silver is down ₹10,191 (−4.61%), by our calculation. Friday is the first day this week on which both metals closed higher. Thursday’s full breakdown is in our 15 October gold post.
City retail rates (GoodReturns)
| City | 24K (₹/g) | 22K (₹/g) | 18K (₹/g) |
|---|---|---|---|
| Mumbai | 14,744 | 13,515 | 11,058 |
| Delhi | 14,759 | 13,530 | 11,073 |
| Chennai | 14,744 | 13,515 | 11,115 |
| Kolkata | 14,744 | 13,515 | 11,058 |
| Bengaluru | 14,744 | 13,515 | 11,058 |
| Hyderabad | 14,744 | 13,515 | 11,058 |
Source: GoodReturns city pages dated 16 October 2026, read at about 9:13 PM IST. These are indicative retail rates without GST or other levies, and the site gives no update time.
A mismatch to note: GoodReturns shows Friday’s city rates unchanged from Thursday, even though IBJA’s benchmark rose ₹484. Retail quotes may catch up on Saturday, so ask your jeweller for the day’s board rate before you pay. Silver in Mumbai is listed at ₹2,30,000 a kg (₹230 a gram), also unchanged.
Retail vs IBJA: the gap narrowed
| Item | IBJA PM | Mumbai retail | Gap |
|---|---|---|---|
| 24K, per 10g | ₹1,46,426 | ₹1,47,440 | ₹1,014 (0.69%) |
| 22K, per 10g | ₹1,34,126 | ₹1,35,150 | ₹1,024 (0.76%) |
| Silver, per kg | ₹2,10,918 | ₹2,30,000 | ₹19,082 (9.05%) |
Our calculations. Any gold silver price today comparison should use the same purity on both sides. On Thursday the 24K gap was about 1.03%; it shrank today only because IBJA rose while the retail listing stayed put. IBJA’s fix is a trade benchmark. Shops add their own costs, which is why retail sits above it.
Every IBJA purity, PM session
| Purity | Usual name | PM fix (₹/10g) | Per gram (₹) |
|---|---|---|---|
| 999 | 24K | 1,46,426 | 14,642.60 |
| 995 | 24K (bars) | 1,45,840 | 14,584.00 |
| 916 | 22K | 1,34,126 | 13,412.60 |
| 750 | 18K | 1,09,820 | 10,982.00 |
| 585 | 14K | 85,659 | 8,565.90 |
Platinum 999 closed at ₹58,484 per 10 grams, up ₹835. Match the row to the purity stamped on your piece when you sell or exchange it.
A sample jewellery bill
Retail rates did not move today, so the bill for a 10-gram 22K chain in Mumbai works out the same as Thursday:
- Gold value at ₹13,515 a gram: ₹1,35,150.
- Add 10% making charges: ₹1,48,665.
- Add 3% GST on the total: about ₹1,53,125.
Making charges differ from shop to shop, and some jewellers charge per gram instead of a percentage. Ask for an itemised estimate showing gold weight, rate, making charges, stone weight if any, and GST. Check the six-character HUID on the hallmark; 22K is marked 916.
Silver bounced harder, and the ratio eased
The gold-silver ratio tells you how many grams of silver one gram of gold buys. On IBJA’s PM rates it was about 70.1 on Thursday. Today it is about 69.4 (₹14,642.60 a gram of 24K against ₹210.92 a gram of silver). It was 67.6 last Friday. A falling ratio means silver gained more than gold. Silver tends to move further than gold in both directions, so treat one day’s rise with caution.
Also today: gold fund-of-fund curbs
Several fund houses, including ICICI Prudential, Tata and Mirae Asset, stopped fresh lump-sum investments and new SIPs in their gold ETF fund-of-funds from 16 October, according to notices on their websites. Existing SIP instalments continue, and redemptions are allowed. Gold ETFs bought through a demat account are not covered by these notices. If you hold physical gold instead, our guide on how much gold you can keep at home explains the limits that apply during income tax searches.
Buying before Dhanteras?
- Spread large purchases. Gold fell more than ₹3,000 per 10 grams this week and rose ₹484 today. Nobody can time the low point; buying in parts reduces the risk of one bad day.
- Compare quotes. With retail silver about 9% above IBJA, checking two or three shops can help on bigger buys.
- Need cash, not a sale? A loan against jewellery keeps the gold in the family. See our gold loan guide before you sell.
Planning a festival purchase? Read our Dhanteras 2026 gold guide first, and keep the bill: it records the purity, weight and price you paid, which you will need if you sell later.
What we left out
We have not quoted MCX futures or international prices, because we did not find a dated, timed figure we could check for today. Rates in your city can also differ from these lists because of local taxes and transport costs.
FAQs
What is the gold silver price today, 16 October 2026?
IBJA’s PM fix is ₹1,46,426 per 10 grams for 24K and ₹2,10,918 a kg for silver. GoodReturns lists Mumbai retail 24K at ₹14,744 a gram.
Did gold go up today?
Yes, by ₹484 per 10 grams on IBJA’s PM fix, its first rise this week. It is still ₹3,004 below last Friday.
What is the silver rate today?
IBJA PM: ₹2,10,918 a kg. Retail in Mumbai: ₹2,30,000 a kg, per GoodReturns.
Why don’t city rates match IBJA?
Two reasons. Retail prices include dealer costs and margins, and retail listings are often updated at a different time as IBJA’s fix. Today, GoodReturns kept city rates flat while IBJA rose.
Takeaway: Gold silver price today, 16 October: IBJA 24K rose ₹484 to ₹1,46,426 per 10 grams and silver gained 1.27% to ₹2,10,918 a kg, but both remain lower for the week. Check your jeweller’s board rate, since retail lists had not moved.
Where the rates come from
- India Bullion and Jewellers Association (IBJA) rates
- Bureau of Indian Standards: hallmarking overview
- GoodReturns city gold and silver rate pages, 16 Oct 2026
- Fund-house notices dated 15 Oct 2026 (ICICI Prudential, Tata, Mirae Asset)
Last verified: 16 Oct 2026, 9:26 PM IST. IBJA AM and PM rates from ibjarates.com, read at about 9:12 PM IST and re-checked at 9:26 PM; the live table carries no date, and its dated archive ends at 15/10/2026, so we treat it as 16 Oct. City rates are GoodReturns retail quotes dated 16 Oct, read at about 9:13 PM IST; they were unchanged from 15 Oct although IBJA rose. Changes, ratio and bill example are our calculations.
