Gold Price Today (17th January)
Gold prices fell for the second consecutive day. Here are the current rates: Gold prices in India fell for the second consecutive day. On the morning of January 17th, 24-karat gold in Delhi dropped to ₹143,540 per 10 grams. In Mumbai, the price was ₹143,390 per 10 grams. In the international market, the spot price of gold fell to $4603.51 per ounce. The decline in prices was attributed to a stronger dollar and reduced geopolitical risk following a de-escalation of tensions in the Middle East. Here are the gold rates in some major Indian cities…
Gold Prices in Bhubaneswar: The price of 24-karat gold in Bhubaneswar is ₹1,43,780 per 10 grams. The cost of 22-karat gold is ₹1,31,800 per 10 grams.
Gold Prices in Delhi: The price of 24-karat gold in Delhi is ₹143,540 per 10 grams. The cost of 22-karat gold is ₹131,590 per 10 grams.
Mumbai, Chennai, and Kolkata: Currently, the price of 22-karat gold in Mumbai, Chennai, and Kolkata is ₹131,440 per 10 grams, while the price of 24-karat gold is ₹143,390 per 10 grams.
Prices in Pune and Bengaluru: In these two cities, the cost of 24-karat gold is ₹143,390 per 10 grams, and the price of 22-karat gold is ₹131,440 per 10 grams.
Weak inflation data in the United States has reinforced expectations of an interest rate cut by the US Federal Reserve. Geopolitical tensions, strong industrial and investment demand, and declining inventories are also supporting this view. A reduction in interest rates could lead to increased investment in safe-haven assets such as gold and silver.
