Gold Price Update: On August 17, gold prices in India have seen a slight drop, with rates remaining near ₹70,000 per 10 grams. Here’s the latest update on the price of gold and silver across major cities in India.
Gold Rates Today in India
As of today, the price of 22-carat gold, known for its blend of durability and purity, is ₹65,540 per 10 grams. The highest purity, 24-carat gold, is priced at ₹71,500 per 10 grams. Silver, on the other hand, is valued at ₹83,700 per kilogram.
Retail Gold Prices in Major Cities
Here’s a quick look at today’s gold rates in different cities across India (prices are in ₹/10 grams):
| City | 22 Carat Gold | 24 Carat Gold |
|---|---|---|
| Delhi | 65,690 | 71,650 |
| Mumbai | 65,540 | 71,500 |
| Ahmedabad | 65,590 | 71,550 |
| Chennai | 65,540 | 71,500 |
| Kolkata | 65,540 | 71,500 |
| Gurugram | 65,690 | 71,650 |
| Lucknow | 65,690 | 71,650 |
| Bengaluru | 65,540 | 71,500 |
| Jaipur | 65,690 | 71,650 |
| Patna | 65,590 | 71,550 |
| Bhubaneshwar | 65,540 | 71,500 |
| Hyderabad | 65,540 | 71,500 |
Understanding Gold Prices
Gold prices fluctuate based on various factors including market demand, economic conditions, and global trends. The retail price of gold represents the cost consumers pay, which includes not just the intrinsic value of the metal but also factors like taxes, fees, and the jeweler’s margin.
Gold holds a significant cultural and economic role in India. It is a popular investment choice and plays a key role in traditional ceremonies such as weddings and festivals.
Stay Updated
Keep an eye on gold price trends to make informed decisions about buying or selling gold. As market conditions continue to evolve, we’ll provide updates to help you stay on top of the latest developments.
