On the occasion of Janmashtami (August 16, 2025), the bullion market saw notable shifts. Gold prices continued their decline for the fifth consecutive day, providing relief to buyers during this festive season, while silver prices recorded a modest increase. With gold still trading above ₹101,000 per 10 grams and silver around ₹116,200 per kilogram, these changes are driven by both global and domestic factors. This blog offers a professional and straightforward update on gold and silver prices, city-wise rates, and what these trends mean for consumers and investors.

Gold Price Movement (August 16, 2025)

On MCX (Multi Commodity Exchange), gold futures fell slightly, trading lower compared to the previous session.

Spot market prices across major cities like Delhi, Mumbai, and Chennai also showed a marginal dip.

The decline is attributed to global cues, strong US dollar movement, and investor wait-and-watch behavior ahead of key economic data releases.

Why does it matter?

During festivals like Janmashtami, people prefer buying gold in small quantities. A dip in price may encourage retail buying.

Silver Price Trend: A Modest Gain

Unlike gold, silver prices saw a slight increase of ₹100, reaching ₹116,200 per kilogram across most major states on August 16, 2025. In some southern cities, rates were higher:

Delhi, Mumbai, Kolkata, Bengaluru, Jaipur, Lucknow: ₹1,16,200 per kg

Chennai, Hyderabad, Kerala, Coimbatore, Madurai, and Vijayawada: ₹1,26,200 per kg. Silver’s uptick reflects its appeal as an affordable investment and its growing industrial demand.

Investor Takeaway: Silver is influenced by both industrial demand and bullion sentiment. A slight gain indicates continued stability.

City-Wise Gold Rates (Approximate, August 16, 2025)

Delhi: ₹60,200 per 10 grams (22K)

Mumbai: ₹60,000 per 10 grams (22K)

Chennai: ₹61,000 per 10 grams (22K)

Kolkata: ₹60,050 per 10 grams (22K)

(Note: Prices may vary across different cities and jewellers.)

Factors Driving Price Movements

Several global and domestic factors are shaping these price trends:

Global Economic Cues: Expectations of US Federal Reserve interest rate cuts in September 2025, driven by softer US labor market data and easing inflation from the latest Consumer Price Index, have pressured gold prices.

Rupee-Dollar Dynamics: A stable rupee at around 87.65 against the US dollar has moderated the extent of gold’s decline in India.

Festive Demand Surge: Janmashtami and the upcoming wedding season are driving gold purchases, though high prices remain a concern for some buyers.

Silver’s Industrial Role: Rising demand for silver in industries like electronics and solar energy supports its price gains.

Market Outlook

Short Term: Gold may remain under slight pressure due to international currency trends.

Medium Term: The festive season and upcoming weddings are likely to support stronger demand.

Silver: Expected to stay firm with mild upward momentum, backed by both investment and industrial use.

Conclusion

The Janmashtami 2025 gold price decline offers a timely opportunity for buyers, while silver’s slight gain highlights its growing investment appeal. This trend reflects global cues and local festive demand. With more festivals and wedding season ahead, both gold and silver prices are likely to see steady support.

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