Gold and silver prices on October 16: Check latest rates for your city

On Monday, gold is costlier by Re 1 for each gram as compared to the corresponding rates on the previous day, as per the Goodreturns website. Therefore, one gram of 22-carat (K) of the yellow metal comes for 5541, and eight gram, for 44,328. On the other hand, 10 gram and 100 gram are available for 55,410 and 5,54,100 respectively.

Representational Image
Representational Image

For 24K gold, buyers must pay 6045 for one gram, 48,360 for eight gram, 60,450 for 10 gram, and 6,04,500 for 100 gram.

Customers must, however, note that the gold prices mentioned here do not include GST, TCS, and other levies; therefore, these are only indicative. For the exact daily price, one must contact their local jeweller.

The daily rate of silver, meanwhile, is the same as yesterday, Goodreturns data shows. The metal, therefore, is priced at 74.10 (one gram), 592.80 (eight gram), 741 (10 gram), 7410 (100 gram) and 74,100 (1 kilogram).

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