Gold Silver Price 16 February: After a historic surge, the prices of gold and silver are now declining. A significant change in the prices of gold and silver occurred on Mahashivratri, and now, a decline has been recorded after Mahashivratri. Today, February 16, silver is being sold in Delhi for ₹2,74,900 per kilogram. Meanwhile, gold prices are trading at ₹1,57,890 per ten grams.
Previously, 24-carat gold fell by ₹1,850 and 22-carat gold by ₹1,700 in Delhi for three consecutive days. Let’s find out in detail today’s latest prices in your city.
Gold Silver Price 16 February: Latest prices in major cities (Gold per 10 grams)
| Carat | Purity of gold | Price in Morning (₹/10 gram) |
|---|---|---|
| 24 Carat | 99.9% Pure | ₹1,57,890 |
| 22 Carat | 95.8% Pure | ₹1,44,740 |
| 18 Carat | 75% Pure | ₹1,18,450 |
24 Carat Gold Rate Today: What is the price in your city today?
| City | 24 Carat Gold (Today) | 22 Carat Gold (Today) | 18 Carat Gold (Today) |
|---|---|---|---|
| Lucknow Gold Rate Today | ₹1,57,890 | ₹1,44,740 | ₹1,18,450 |
| Jaipur Gold Rate Today | ₹1,57,890 | ₹1,44,740 | ₹1,18,450 |
| Delhi Gold Rate Today | ₹1,57,890 | ₹1,44,740 | ₹1,18,450 |
| Patna Gold Rate Today | ₹1,57,790 | ₹1,44,640 | ₹1,18,350 |
| Mumbai Gold Rate Today | ₹1,57,740 | ₹1,44,590 | ₹1,18,300 |
| Ahmedabad Gold Rate Today | ₹1,57,790 | ₹1,44,640 | ₹1,18,350 |
| Pune Gold Rate Today | ₹1,57,740 | ₹1,44,590 | ₹1,18,300 |
| Kolkata Gold Rate Today | ₹1,57,740 | ₹1,44,590 | ₹1,18,300 |
| Merrut Gold Rate Today | ₹1,57,890 | ₹1,44,740 | ₹1,18,450 |
| Ludhiana Gold Rate Today | ₹1,57,890 | ₹1,44,740 | ₹1,18,450 |
Silver Rate Today 16 Feb: Latest Silver Price
| City | Silver Rate |
|---|---|
| Lucknow Silver Rate Today | ₹2,74,900 |
| Jaipur Silver Rate Today | ₹2,74,900 |
| Delhi Silver Rate Today | ₹2,74,900 |
| Patna Silver Rate Today | ₹2,74,900 |
| Mumbai Silver Rate Today | ₹2,74,900 |
| Ahmedabad Silver Rate Today | ₹2,74,900 |
| Pune Silver Rate Today | ₹2,74,900 |
| Kolkata Silver Rate Today | ₹2,74,900 |
| Ludhiana Silver Rate Today | ₹2,74,900 |
| Ludhiana Silver Rate Today | ₹2,74,900 |
Gold Silver Rate Crash Reason
Following a historic surge in gold and silver prices, prices began to crash steadily, and this trend continued for a few days. Now, gold and silver prices have picked up again, and silver is trading with a surge. Let’s explore in detail why the price crash occurred.
- Profit-booking: After reaching all-time highs, gold and silver were seen as safe investments, leading investors to sell for profits, which put pressure on gold and silver prices.
- Strong dollar: The dollar continued to strengthen against the rupee, weakening demand and leading to a sharp rise in gold and silver prices.
- Sharp surge in a short period of time: Gold and silver prices have seen a sharp rise in a few days, making it inevitable that this bubble would burst.
