Gold Rate Falls In India: Check 22 Carat Price In Your City On May 17

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Gold Rate Today In India: On May 17, the price of 10 grams of gold fell to below Rs 74,000. Pure 24-carat gold was valued at Rs 73,750 per 10 grams, with 22-carat gold price standing at about Rs 67,600. In contrast, the silver market witnessed an upward, going to Rs 87,700 per kilogram.

Gold rate today in India: Retail gold price on May 17

Check gold rates today in different cities on May 17, 2024; (In Rs/10 grams)

City 22 Carat Gold Price 24-Carat Gold Price
Delhi 67,750 73,900
Mumbai 67,600 73,750
Ahmedabad 67,650 73,800
Chennai 67,700 73,850
Kolkata 67,600 73,750
Gurugram 67,750 73,900
Lucknow 67,750 73,900
Bengaluru 67,600 73,750
Jaipur 67,750 73,900
Patna 67,650 73,800
Bhubaneshwar 67,600 73,750
Hyderabad 67,600 73,750

Multi Commodity Exchange

On May 17, 2024, the Multi Commodity Exchange (MCX) saw active trading in gold futures contracts expiring on June 5, 2024. These contracts were priced at Rs 72,925 per 10 grams. Additionally, silver futures contracts expiring on July 05, 2024, were quoted at Rs 87,275 on the MCX.

Retail Cost of Gold

The retail gold price in India, denoting the ultimate cost per unit weight for consumers purchasing gold, is subject to various influences beyond the metal’s inherent value.

In India, gold holds immense cultural significance, serving as a valuable investment and maintaining traditional ties to weddings and festivals.

Amid ongoing market fluctuations, investors and traders closely monitor these dynamics. Stay tuned for further updates on this evolving story.

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  • Mohammad Haris

    Haris is Deputy News Editor (Business) at news18.com. He writes on various issue

    first published: May 17, 2024, 10:24 IST



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