Gold and silver prices on September 17: Check latest rates in your city today

Gold is traded in the form of bars, coins, bullions, jewellery, exchanges, exchange trade funds etc. It acts as a perfect hedge against inflation.

Published on: Sep 17, 2023, 09:58:02 IST

By HT News Desk

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Gold rates in India increased by ₹20 on Sunday. According to Goodreturns, the website that tracks daily gold prices, one gram of 22K gold was being sold at ₹5,490. On the other hand, the price of one gram of 24K gold stood at ₹5,989.

In Delhi, 10 grams of 22K and 24K gold were priced at ₹55,050 and ₹60,040 respectively. Here are the gold prices of other major cities on September 17.

The prices of this precious metal are determined on several factors including currency, global demand, interest rates and government policies.

CITY	22K GOLD PRICE (Rs/10 GMS)	24K GOLD PRICE (Rs/10 GMS)
MUMBAI	54,900	59,890
KOLKATA	54,900	59,890
CHENNAI	55,300	60.320
BENGALURU	54,900	59,890
HYDERABAD	54,900	59,890

Gold is traded in the form of bars, coins, bullions, jewellery, exchanges, exchange trade funds etc.

In India, the prices of this precious metal are determined on several factors including currency, global demand, interest rates and government policies. If the rupee slides against the US dollar in India, gold will become expensive.

The gold rate is also dependent on international factors like global economic growth, dollar strength against other currencies etc. Another important factor is the demand for the precious metal. If the demand for gold is not robust, the prices will fall. Another important factor affecting gold price is the interest rate. For example, gold prices fall when the interest rates in countries like US surge. The opposite happens when the interest rates drop.

Silver price
The price of silver in India remained unchanged on Sunday. According to website Goodreturns, one gram of silver costs ₹74.70. In Mumbai, Delhi and Kolkata, 10 gms of silver cost ₹747.

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HT News Desk
Follow the latest breaking news, major developments and agenda-setting stories from India and around the world with the newsdesk at Hindustan Times. Operating round the clock, the desk brings together experienced editors, reporters and correspondents to deliver fast, accurate and contextual reporting across subjects that influence public policy, governance, business, society and international affairs. The HT News Desk covers politics, elections, government policies, the economy, business and markets, science and technology, the environment, law and order, infrastructure, education, climate issues and geopolitics, while closely tracking developments across states, institutions and global capitals. The team also leads coverage of major breaking news events, policy announcements, court proceedings, natural disasters, public emergencies and significant international developments. Reports published by the newsdesk are based on information gathered from reporters on the ground, official statements, government agencies, court records, regulatory filings, recognised institutions and other authoritative sources. Stories undergo editorial scrutiny and verification processes to ensure accuracy, fairness and relevance, and are updated as events evolve and additional information becomes available. Whether covering a key political decision in New Delhi, an economic policy shift affecting millions, a landmark court ruling or a major global event, the HT News Desk aims to provide readers with reliable, fact-based journalism that delivers not only the latest developments but also the context and analysis needed to understand their wider implications.Read More

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