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Gravitational Time Dilation

This effect has been experimentally verified and is crucial for GPS functionality.
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The statement of the theorem

For a stationary clock at a radial distance rr from a mass MM in a weak gravitational field, the relationship between the proper time dτd\tau measured by the clock and the coordinate time dtdt measured by an observer far away (rr \to \infty) is derived from the metric component g00g_{00}:\ndτdt=g0012GMrc2\frac{d\tau}{dt} = \sqrt{-g_{00}} \approx \sqrt{1 - \frac{2GM}{rc^2}} \nThis shows that the rate of time passage decreases as the gravitational potential increases (i.e., as rr decreases).
Source: Wikipedia