Skip to content

Gold & silver on 16 October 2024

On 16 October 2024, the All India Bullion benchmark for 24K gold (999) was ₹78,286 per 10 g and 999 silver was ₹92,440 per kg, recorded at 03:00 IST. That was +₹332 against the previous fix.

Recorded . India-wide reference rates. A city price differs by the local premium a dealer applies there.

Gold and silver bullion bars at an Indian bullion market counter
The All India Bullion fix for 16 October 2024, recorded at 03:00 IST in Zaveri Bazar, Mumbai.

Where that stood

Gold 999 (24K)

  • 7 days earlier: ₹78,053+0.30%
  • 30 days earlier: ₹74,741+4.74%

Silver 999

  • 7 days earlier: ₹89,930+2.79%
  • 30 days earlier: ₹90,262+2.41%

Every weight and purity on 16 October 2024

A 22K figure is a metal value at 916 fineness, not a jewellery invoice — making charges, wastage and 3% GST come on top.

Gold

24K per gram₹7,829
24K per 8 grams₹62,629
24K per 10 grams₹78,286
24K per tola1 tola = 11.6638 g₹91,311
24K per 100 grams₹7,82,860
22K per gramDerived at 916 fineness₹7,171
22K per 10 gramsDerived at 916 fineness₹71,710
22K per tolaDerived at 916 fineness₹83,641

Silver

999 per gram₹92
999 per 10 grams₹924
999 per 100 grams₹9,244
999 per kilogram₹92,440

Questions, answered

Gold and silver on 16 October 2024 — common questions

What was the gold rate on 16 October 2024?

24K gold (999) was ₹78,286 per 10 g — ₹7,829 per gram and ₹91,311 per tola.

What was the 22K gold rate on 16 October 2024?

About ₹71,710 per 10 g, or ₹7,171 per gram. 22K is 916 fine; a jewellery invoice adds making charges, wastage and 3% GST.

What was the silver rate on 16 October 2024?

999 silver was ₹92,440 per kg, which is ₹92 per gram and ₹9,244 per 100 g.

How much has gold changed since 16 October 2024?

Gold is up 93.10% since 16 October 2024.

Is this the gold rate for my city?

No. This is an India-wide reference reading. A city price adds the local premium a dealer applies there, so it can differ by a few hundred rupees per 10 g.