Gold, Silver Prices Today: In the international market, the COMEX gold price was trading at around $3,216.3 per troy ounce. The spot gold price at 10:00 am was around $3,213.88 per ounce, down by around 0.33 per cent.
Mumbai: Gold Price Today, Gold MCX Rate: The price of precious metals continued to fall in the domestic futures market as investors continue to move away from safe-haven assets amid the easing of the trade war between the US and China. Prices of gold and silver fell in the opening session on Friday, i.e. on May 16, 2025. The gold June 5 contract on the Multi Commodity Exchange (MCX) opened today with a loss of Rs 310 at Rs 92,859 per 10 grams from the previous close of Rs 93,169. It dipped further to touch the low of Rs 92,728 – a fall of Rs 441. However, it was trading green at Rs 93,311 with a gain of Rs 142 or 0.15 per cent at the time of writing the report.
Silver Price On MCX
Similarly, silver futures, maturing on July 4, 2025, too fell in the opening trade today. The contract opened at Rs 95,751 per kg on the MCX, a dip of Rs 164 from the previous close of Rs 95,915. It dipped further to touch the low of Rs 95,461. Last seen, it was trading at Rs 95,979 – a gain of Rs 64 or 0.07 per cent from the previous close.
Prices of precious metals across the globe have declined to their lowest level in a month. Factors that raised bullion rates, including the US-China tariff tensions, the Russia-Ukraine war, and the volatility in the equity markets, all appear to be easing.
“Additionally, higher bond yields in the US and the tempering down of rate cut expectations by the US Federal Reserve could put further pressure on global gold prices, which may affect prices on the MCX too,” said Aksha Kamboj, Vice President, Indian Bullion and Jewellers Association (IBJA).
Gold Price in the International Market
In the international market, the COMEX gold price was trading at around $3,216.3 per troy ounce. The spot gold price at 10:00 am was around $3,213.88 per ounce, down by around 0.33 per cent.
Check Gold, Silver Prices In Major Cities
Gold price in Delhi
In Delhi, the 24-carat gold price was quoted at Rs 95,280 per 10 grams. For 22-carat gold, the consumer would have to spend Rs 87,350 per 10 grams.
Gold price in Mumbai
In Mumbai, 24-carat gold was available at Rs 95,130 per 10 grams, while 22-carat gold stood at Rs 87,200 per 10 grams.
Gold price in Kolkata
The 24-carat gold price in Kolkata today was Rs 95,130 per 10 grams, while for 22-carat gold, the rate was Rs 87,200 per 10 grams.
Gold price in Chennai
In Chennai, the 24-carat gold was available for Rs 95,130 per 10 grams. For 22-carat gold, the rate was Rs 87,200 per 10 grams.
Silver prices in Delhi
The price of silver per kg in the national capital was Rs 97,000.
Silver price in Mumbai
In Mumbai, the consumer would have to pay Rs 97,900 per kg today to buy the precious metal.
Silver price in Kolkata
In Kolkata, the price of 1 kg of silver stood at Rs 97,000.
Silver price in Chennai
In Chennai, the price of precious metal stood at Rs 1,08,000 per kg.
