North India Statesman
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New Delhi: Before the upcoming Akshaya Tritiya (April 19), the prices of gold and silver have started skyrocketing in the bullion market of the country. On the morning of 16th April, the shine of gold has increased further in the Indian markets. In the capital Delhi, 24 carat gold has now reached the level of ₹ 1,55,510 per 10 grams. At the same time, a huge jump is being seen in the prices of silver and it has crossed ₹ 2,70,100 per kg. Due to heavy demand from jewelers and stockists, prices have increased by about 2 percent in the last 24 hours.
Why is the shine of gold increasing?
According to market experts, there are three main reasons behind this historic rise in gold prices:
Demand for Akshaya Tritiya: April 19 is the festival of Akshaya Tritiya, which is considered most auspicious for purchasing gold. There is huge demand coming from stockists and retail customers.
Geopolitical Tension: The war between Israel-US and Iran, which started from 28 February 2026, has created uncertainty in the market. Although now there is hope for peace talks, investors still consider gold as a safe investment.
Dollar weakness: Gold prices are getting support globally due to the weakening of the dollar in the international market. international spot gold $4,795.97 per ounce But is trading.
Latest city wise gold prices (16 April 2026)
Today, there is a slight difference in the price of gold in different cities of the country, mainly due to local taxes and transportation charges:
| City | 22 carat gold (₹/10 grams) | 24 carat gold (₹/10 grams) |
|---|---|---|
| Delhi / Lucknow | 1,42,560 | 1,55,510 |
| Mumbai / Kolkata | 1,42,410 | 1,55,360 |
| Chennai | 1,40,990 | 1,56,230 |
| Jaipur / Chandigarh | 1,42,560 | 1,55,510 |
| Ahmedabad / Bhopal | 1,42,460 | 1,55,410 |
Huge jump in silver prices also
Along with gold, silver also remains the favorite of investors. Now the price of silver in Delhi’s bullion market has increased by ₹ 11,800 in a single day. ₹2,70,100 per kg Has reached the price of Rs. silver in international market $78.61 per ounce remains at a high level. Due to industrial demand and safe investment, silver has seen a huge rise of 4.81 percent.
Expert Tip: Is it a good idea to buy on Akshaya Tritiya?
Buying gold on Akshaya Tritiya is part of the tradition, but considering the current high prices, experts believe that investors should buy in ‘installments’. If you are buying gold from an investment perspective, Gold ETF Or Sovereign Gold Bond (SGB) Can be a better option, because there is no worry about making charges and security.
