17 october 2024 : Gold and Silver Rates Update for October 17, 2024
Today, the price of 24-carat gold stands at ₹7,807.3 per gram, reflecting an increase of ₹510.0. Meanwhile, the rate for 22-carat gold is ₹7,158.3 per gram, having risen by ₹470.0.
Over the past week, 24-carat gold has decreased by 1.26%, and it has dropped by 5.49% over the last month. The silver rate remains steady at ₹100,000.0 per kg.
Gold Rates in Major Cities:
- Delhi: The gold price is ₹78,073.0 for 10 grams, up from ₹77,783.0 yesterday and ₹76,803.0 last week.
- Chennai: Gold is priced at ₹77,921.0 for 10 grams, increasing from ₹77,631.0 yesterday and ₹76,651.0 last week.
- Mumbai: The gold rate is ₹77,927.0 for 10 grams, compared to ₹77,637.0 yesterday and ₹76,657.0 last week.
- Kolkata: The price is ₹77,925.0 for 10 grams, up from ₹77,635.0 yesterday and ₹76,655.0 last week.
Silver Rates in Major Cities:
- Delhi: The silver rate is unchanged at ₹100,000.0 per kg compared to yesterday and up from ₹97,000.0 last week.
- Chennai: Silver is priced at ₹105,600.0 per kg, steady from yesterday and up from ₹102,600.0 last week.
- Mumbai: The silver rate is ₹99,500.0 per kg, increasing from ₹99,300.0 yesterday and ₹96,300.0 last week.
- Kolkata: The rate is ₹100,800.0 per kg, unchanged from yesterday and up from ₹97,700.0 last week.
The November 2024 MCX futures for gold were trading at ₹1,041.0 per 10 grams, down by ₹1.839, while the March 2025 MCX futures for silver were at ₹94,036.0 per kg, down by ₹0.564.
Gold and silver prices are influenced by several factors, including input from major jewelers, global demand, currency fluctuations, interest rates, and government policies. Additionally, international factors like the global economic climate and the strength of the US dollar against other currencies play a significant role in determining gold rates in the Indian market.