Gold prices in India have seen notable fluctuations recently, and on October 17, 2024, the rates reflect both market dynamics and consumer demand.
Gold Rate Today October 17, 2024
As of today, the price of 24-carat gold, recognised for its highest purity, stands at Rs 77,900 per 10 grams, while 22-carat gold, preferred for jewellery due to its durability, is priced at Rs 71,410 per 10 grams.
Gold Rate Today City-wise October 17, 2024
City | 22 Carat Gold Rate Today | 24 Carat Gold Rate Today |
Mumbai | 71,410 | 76,670 |
Kolkata | 71,410 | 76,570 |
Delhi | 71,560 | 76,540 |
Chennai | 71,410 | 76,900 |
Ahmedabad | 71,460 | 77,950 |
Pune | 71,410 | 77,900 |
Lucknow | 71,100 | 77,550 |
Bengaluru | 71,410 | 77,900 |
Jaipur | 71,560 | 78,050 |
Patna | 71,460 | 77,950 |
Bhubaneswar | 71,410 | 77,900 |
Hyderabad | 71,410 | 77,900 |
Gold rate in Mumbai on October 17
In Mumbai, the gold rate for 24-carat gold is Rs 76,670 per 10 grams, up from Rs 76,470 the previous day. Just a week ago, on October 10, it was Rs 75,250. The rise indicates a steady demand as the festive season approaches.
Gold rate in Kolkata on October 17
Kolkata's market shows a price of Rs 76,570 per 10 grams for 24-carat gold, a slight increase from Rs 75,950 on October 16. Last week’s price was Rs 75,150, reflecting a consistent upward trend.
Gold Rate in Delhi on October 17
In Delhi, the gold price today is Rs 76,540 per 10 grams for 24-carat gold, compared to Rs 76,240 yesterday. This increase aligns with the upcoming Diwali celebrations when jewelry purchases typically surge.
Gold Rate in Chennai on October 17
Chennai reports a gold rate of Rs 76,900 per 10 grams for 24-carat gold, up from Rs 76,320 on October 16. A week earlier, it was priced at Rs 75,470, showing strong demand in southern India.
Gold Rate in Ahmedabad on October 17
22-carat at Rs 71,460 and 24-carat at Rs 77,950
Gold Rate in Pune on October 17
22-carat at Rs 71,410 and 24-carat at Rs 77,900
Gold Rate in Lucknow on October 17
22-carat at Rs 71,100 and 24-carat at Rs 77,550
Gold Rate in Bengaluru on October 17
22-carat at Rs 71,410 and 24-carat at Rs 77,900
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Gold Rate in Jaipur on October 17
22-carat at Rs 71,560 and 24-carat Rs 78,050
Gold Rate in Patna on October 17
22-carat at Rs 71,460 and 24-carat at Rs 77,950
Gold Rate in Bhubaneswar on October 17
22-carat at Rs 71,410 and 24-carat at Rs 77,900
Gold Rate in Hyderabad on October 17
22-carat at Rs 71,410 and 24-carat at Rs 77,900
Insights from Market Analysts
Jateen Trivedi, VP Research Analyst at LKP Securities, speaks with the Financial Express to share insights into current market trends. He noted that "gold prices remained elevated, gaining Rs 350 in MCX," while Comex gold traded above $2,675 with a rise of 0.55%. Traders are positioning themselves based on expectations that the Federal Reserve will continue its path of interest rate cuts.
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