Gold and Silver rates today surges in Delhi, Chennai, Kolkata, Mumbai - 16 December 2022

The gold rate in Kolkata per 10 grams of 22 carats is at Rs. 49,700 and the rate of 10 grams of 24 carats is at Rs. 54,220. The gold rates in Mumbai per 10 grams of 22 carats has been at Rs. 49,700 and Rs. 54,220 per 10 grams of 24 carat. The silver rates have been at Rs. 69,500 in Kolkata, Chennai and Mumbai and the rate of silver in Chennai is at Rs. 74,000. The Gold rates have increased in the last week ahead of wedding season.

The gold and silver rates mentioned here are due at 8 am and continue to fluctuate every day. Bullion market experts say there are many reasons for the gold rate to fluctuate, such as the change in international market currency prices, inflation, gold reserves at central banks, their interest rates, the jewellery market, geographical tensions, trade wars, and many other factors are said to impact the gold rate. The gold rates have been decreasing as the Federal Reserves hinted over the rise in interest rates.

Gold rates at Delhi, Chennai, Kolkata, and Mumbai are as follows.