Gold, Silver Prices Drop Today: Check 22K And 24K Rates In Your City On February 17

Gold, Silver Prices Drop Today: Check 22K And 24K Rates In Your City On February 17

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Gold and Silver Rates Today, February 17: In Mumbai, the price of 24-carat gold falls to Rs 1,54,910 per 10 grams, while 22k gold is available at Rs 1,42,000 per 10 grams.

Gold & Silver Prices On February 17.

Gold & Silver Prices On February 17.

Gold and Silver Rates Today, February 17: Gold and silver prices in India dropped on February 17 on muted demand in the spot market. On the MCX, the price of gold fell 0.78% to trade at Rs 1,53,548 per 10 grams in the early trade on Tuesday, while silver declined 1.62% to Rs 2,36,000 per kg.

In the spot market, in Mumbai, the price of 24-carat gold fell to Rs 1,54,910 per 10 grams, while 22k gold was available at Rs 1,42,000 per 10 grams. These rates do not include GST and making charges.

Last month, gold touched its all-time high of over Rs 1,80,000, while silver prices hit a record Rs 4,20,000.

What Is The Price Of 22kt, 24kt Gold Rates Today In India Across Key Cities On February 17?

City 22K Gold (per 10gm) 24K Gold (per 10gm)
Delhi Rs 1,41,900 Rs 1,54,600
Jaipur Rs 1,41,900 Rs 1,54,600
Ahmedabad Rs 1,41,900 Rs 1,54,600
Pune Rs 1,42,000 Rs 1,54,910
Mumbai Rs 1,42,000 Rs 1,54,910
Hyderabad Rs 1,42,000 Rs 1,54,910
Chennai Rs 1,42,000 Rs 1,54,910
Bengaluru Rs 1,42,000 Rs 1,54,910
Kolkata Rs 1,42,000 Rs 1,54,910

In the international market, gold fell 1% on Tuesday as thin trading persisted across major Asian markets due to the Lunar New Year holidays, while a firmer dollar also pressured prices. Spot gold dropped 0.9% to $4,947.98 per ounce by 0110 GMT, after losing 1% earlier in the session.

US gold futures for April delivery lost 1.6% to $4,966.80 per ounce. The US dollar index rose 0.2% against a basket of currencies, making greenback-priced bullion more expensive for holders of other currencies.

What Factors Affect Gold Prices In India?

International market rates, import duties, taxes, and fluctuations in exchange rates primarily influence gold prices in India. Together, these factors determine the daily gold rates across the country.

In India, gold is deeply cultural and financial. It is a preferred investment option and is key to celebrations, particularly weddings and festivals.

With constantly changing market conditions, investors and traders monitor fluctuations closely. Staying updated is crucial for effectively navigating dynamic trends.

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