In Delhi, the worth for 10 grams of twenty-two-carat gold is Rs 55,240
Gold fee at the moment: Gold carries immense significance in India owing to its cultural significance, funding worth, and conventional function in weddings and festivals.
Gold Rate Today In India: On October 17, variations in retail costs for 10 grams of gold are evident throughout completely different cities, with a median of roughly Rs 60,000. Breaking down the small print, 10 grams of 24-carat gold is priced at round Rs 60,100, whereas an equal quantity of 22-carat gold is valued at Rs 55,090. Additionally, the current price of silver stands at Rs 74,100 per kilogram.
October 17 retail gold fee in India
Delhi Gold RateÂ
In Delhi, the worth for 10 grams of twenty-two-carat gold is Rs 55,240, whereas the corresponding amount of 24-carat gold requires clients to pay Rs 60,250.
Ahmedabad Gold RateÂ
In Ahmedabad, the current retail price for 10 grams of twenty-two-carat gold is Rs 55,140, and the equal amount of 24-carat gold is priced at Rs 60,150. We decide to protecting this text up-to-date in case of any worth modifications all through the day.
Chennai Gold RateÂ
In Chennai, the retail worth for 10 grams of twenty-two-carat gold is Rs 55,290, and for the same amount of 24-carat gold, it’s Rs 60,320.
Check gold charges at the moment in several cities on October 17, 2023; (In Rs/10 grams)
| City | 22 Carat Gold Price | 24 Carat Gold Price |
| Mumbai | 55,090 | 60,100 |
| Gurugram | 55,240 | 60,250 |
| Kolkata | 55,090 | 60,100 |
| Lucknow | 55,240 | 60,250 |
| Bengaluru | 55,090 | 60,100 |
| Jaipur | 55,240 | 60,250 |
| Patna | 55,140 | 60,150 |
| Bhubaneshwar | 55,090 | 60,100 |
| Hyderabad | 55,090 | 60,100 |
Multi Commodity Exchange
As of October 17, gold futures expiring on December 05, 2023, have been being traded at Rs 59,086 on the Multi Commodity Exchange. Conversely, silver futures with the identical maturity date have been priced at Rs 70,834.
The retail worth of gold represents the sum at which it’s offered to customers throughout the nation. This pricing is influenced by numerous elements, together with the worldwide gold worth, the worth of the Rupee, and the bills related to labour and supplies utilized in crafting gold jewellery.
Here are a number of elements that may exert affect on the worth of gold:
Supply and Demand: The gold worth is primarily decided by the dynamic interaction of provide and demand out there. An improve in demand usually results in an increase in worth, whereas a surplus within the provide of gold can drive costs down.
Global Economic Conditions: The broader world financial panorama additionally exerts a considerable impression on gold costs. During durations of worldwide financial instability or recession, traders usually flip to gold as a secure haven, inflicting its worth to extend.
Political Instability: Furthermore, political instability can have a notable impact on gold costs. When there’s political turmoil or disaster in a major nation or area, traders could decide to safe their belongings by investing in gold as a hedge in opposition to uncertainty. This heightened demand can lead to an uptick within the worth of gold.
Gold carries immense significance in India owing to its cultural significance, funding worth, and conventional function in weddings and festivals.
