Gold, silver prices in your city, June 16: With the Isarel-Iran conflict on the brink of full-blown war as both countries trade attacks after Israel took aim at Iran’s nuclear facilities and the latter responded with drone attacks, has pushed up gold prices due to fears of a full-blown war in the region.
Safe havens gold, silver give ‘spectacular’ returns
Experts are firm that gold and silver are safe haven bets that investors can make to safeguard their portfolios in these volatile markets. According to Sugandha Sachdeva, Founder of SS WealthStreet, the geopolitical tensions have “significantly increased global risk aversion, reinforcing gold’s appeal as a safe-haven asset”.
As for gold, prices have risen 31 per cent year-to-date (YTD) with consistent record highs solidifying its position among 2025’s top-performing asset classes and a reliable hedge.
Over the past 20 years, gold prices have skyrocketed by an impressive 1,200 per cent from ₹7,638 in 2005 to over ₹1,00,000 in 2025 (till June), and delivered positive returns in 16 of these years.
Further, silver has also proved resilient. Prices have held above the ₹1 lakh/kg mark for the past three week. Over the past 20 years (2005-2025), the metal has gained a solid 668.84 per cent.
Gold Prices Today: Check Gold Rates in India — June 16
Prices opened higher today at 6.20 am on June 16. The MCX gold index was at ₹1,00,314/10 gm, the official website showed. Meanwhile, MCX silver prices were at ₹1,06,474/kg, it showed.
Further, 24-carat gold was priced at ₹1,00,470/10 gm, according to data on the Indian Bullion Association (IBA) at 6.20 am on June 16. Further, 22-carat gold was priced at ₹92,098/10 gms. Silver prices today are at ₹1,06,920/kg (Silver 999 Fine), as per the IBA website.
So, check here gold prices and silver rates in your city today on June 16 — Delhi, Kolkata, Mumbai, Hyderabad, Bengaluru, and Chennai. Notably, for retail customers, jewellers may add making charges, taxes and GST to the bill, which could hike the final price for you.
Gold and Silver Prices in Kolkata — June 16
• Gold bullion rates in Kolkata — ₹1,00,160/10 gm.
• MCX Gold rate in Kolkata — ₹1,00,314/10 gm.
• Silver bullion rate in Kolkata — ₹1,06,580/kg.
• MCX Silver 999 rate in Kolkata — ₹1,06,474/kg.
Gold and Silver Prices in Mumbai — June 16
• Gold bullion rates in Mumbai — ₹1,00,290/10 gm.
• MCX Gold rate in Mumbai — ₹1,00,314/10 gm.
• Silver bullion rate in Mumbai — ₹1,06,720/kg.
• MCX Silver 999 rate in Mumbai — ₹1,06,474/kg.
Gold and Silver Prices in Hyderabad — June 16
• Gold bullion rates in Hyderabad — ₹1,00,450/10 gm.
• MCX Gold rate in Hyderabad — ₹1,00,314/10 gm.
• Silver bullion rate in Hyderabad — ₹1,06,890/kg.
• MCX Silver 999 rate in Hyderabad — ₹1,06,474/kg.
Gold and Silver Prices in Delhi — June 16
• Gold bullion rates in New Delhi — ₹1,00,120/10 gm.
• MCX Gold rate in New Delhi — ₹1,00,314/10 gm.
• Silver bullion rate in New Delhi — ₹1,06,540/kg.
• MCX Silver 999 rate in New Delhi — ₹1,06,474/kg.
Gold and Silver Prices in Chennai — June 16
• Gold bullion rates in Chennai — ₹1,00,580/10 gm.
• MCX Gold rate in Chennai — ₹1,00,314/10 gm.
• Silver bullion rate in Chennai — ₹1,07,030/kg.
• MCX Silver 999 rate in Chennai — ₹1,06,474/kg.
Gold and Silver Prices in Bengaluru — June 16
• Gold bullion rates in Bengaluru — ₹1,00,370/10 gm.
• MCX Gold rate in Bengaluru — ₹1,00,314/10 gm.
• Silver bullion rate in Bengaluru — ₹1,06,810/kg.
• MCX Silver 999 rate in Bengaluru — ₹1,06,474/kg.
Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
