GOLD PRICE TODAY: YELLOW METAL FALLS, SILVER DOWN RS 2000; CHECK LATEST RATES ACROSS INDIA
Gold and Silver Rates Today, November 17: Gold and silver prices saw a decline on Monday morning. In Mumbai, the price of 24-carat gold stood at Rs 1,24,970 per 10 grams, while 22k gold was available at Rs 1,14,700 per 10 grams.
Silver also fell Rs 2000 at Rs 1,67,000 per kg.
Ponmudi R, CEO of Enrich Money says gold and silver are attempting to stabilise after recent sharp corrections, with price action showing signs of support at key long-term trend levels. MCX Gold is hovering near Rs 1,23,450, rebounding from its upward-sloping trendline; holding above Rs 1,23,000 keeps the broader bullish structure firmly intact and opens the door for an upside move toward Rs 1,24,200–Rs 1,25,000.
What Is The Price Of 22kt, 24kt Gold Rates Today In India Across Key Cities On November 17?
| City | 22K Gold (per 10gm) | 24K Gold (per 10gm) |
|---|---|---|
| Delhi | Rs 1,14,700 | Rs 1,25,120 |
| Jaipur | Rs 1,14,700 | Rs 1,25,120 |
| Ahmedabad | Rs 1,14,600 | Rs 1,25,020 |
| Pune | Rs 1,14,600 | Rs 1,25,020 |
| Mumbai | Rs 1,14,550 | Rs 1,24,970 |
| Hyderabad | Rs 1,14,550 | Rs 1,24,970 |
| Chennai | Rs 1,14,550 | Rs 1,24,970 |
| Bengaluru | Rs 1,14,550 | Rs 1,24,970 |
| Kolkata | Rs 1,14,550 | Rs 1,24,970 |
International Gold Prices Today
In the international market, US spot gold gained 0.25 per cent to trade at USD 4,070 per ounce as of 10:50 AM IST.
Silver traded at USD 50.07 per ounce.
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.