Gold charge right this moment in India on December 17: India is the biggest importer of gold, which primarily caters to the demand of the jewelry trade. (Representative picture)
Gold charge right this moment: In Delhi, individuals should spend Rs 57,900 for 10 grams of twenty-two-carat gold and Rs 63,150 for a similar quantity of 24-carat gold.
Gold Rate Today In India: Gold costs in India fluctuated throughout cities on December 17, 2023, however the common value for 10 grams hovered round Rs 63,000. Specifically, 10 grams of 24-carat gold commanded a median value of Rs 62,510, whereas 22-carat gold fetched Rs 57,300 for an identical quantity. Meanwhile, silver maintained its upward trajectory, settling at Rs 77,700 per kilogram.
Gold charge right this moment in India: Retail gold value on December 17
Delhi Gold RateÂ
In Delhi, individuals should spend Rs 57,450 for 10 grams of twenty-two-carat gold and Rs 62,660 for a similar quantity of 24-carat gold.
Mumbai Gold RateÂ
In Mumbai, the present value for 10 grams of twenty-two-carat gold is Rs 57,300, and the identical quantity of 24-carat gold is priced at Rs 62,510.
Chennai Gold RateÂ
In Chennai, the worth for 10 grams of twenty-two-carat gold is Rs 57,900, and for a similar quantity of 24-carat gold, it’s Rs 63,160.
Check gold charges right this moment in numerous cities on December 17, 2023; (In Rs/10 grams)
| City | 22 Carat Gold Price | 24 Carat Gold Price |
| Ahmedabad | 57,350 | 62,560 |
| Gurugram | 57,450 | 62,660 |
| Kolkata | 57,300 | 62,510 |
| Lucknow | 57,450 | 62,660 |
| Bengaluru | 57,300 | 62,510 |
| Jaipur | 57,450 | 62,660 |
| Patna | 57,350 | 62,560 |
| Bhubaneshwar | 57,300 | 62,510 |
| Hyderabad | 57,300 | 62,510 |
Multi Commodity Exchange
On December 15, gold futures expiring on February 05, 2024, have been buying and selling at Rs 62,077 on the Multi Commodity Exchange. Silver futures expiring on March 05, 2024 have been buying and selling at Rs 74,415.
The retail value of gold is the quantity it’s bought to clients within the nation. This value is influenced by varied elements, together with the worldwide gold value, the worth of the Rupee, and the prices related to labour and supplies utilized in making gold jewelry.
Gold holds nice significance in India on account of its cultural significance, funding worth, and longstanding position in weddings and festivals.
Here are a number of elements that may exert affect on the worth of gold:
Supply and Demand: The value of gold primarily is determined by how a lot individuals need it and the way a lot is out there. If extra individuals need gold, the worth often goes up. But if there’s an excessive amount of gold accessible, the worth can go down.
Global Economic Conditions: The general world financial system additionally has a big effect on gold costs. When the world financial system isn’t doing effectively or there’s a recession, traders usually select gold as a protected possibility, inflicting its value to go up.
Political Instability: Political troubles may also have an effect on gold costs. When there’s uncertainty or a disaster in an essential nation or area, traders would possibly select to guard their cash by investing in gold. This elevated demand could make the worth of gold go up.
