Gold, silver prices on May 17: Check latest rates in your city

Find out the rates for 22K and 24K gold, as well as silver, for the fourth day of the week.

Published on: May 17, 2023, 13:44:04 IST

By HT News Desk

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Gold prices on Wednesday have reduced after being steady for last two days. After a reduction of ₹450, cost of ten gram of 22K gold has come down to ₹56,750. Similarly, the price of ten gram of 24K gold settled at ₹61,910 after a reduction of ₹490.

A saleswoman shows gold bangles to a customer at a jewellery showroom in Kolkata, India. (REUTERS/ File)

Goodreturns website showed that the price of 24K gold per gram in India today is Rs6,142 and 22K gold is priced at ₹5,630.

Similarly, silver price has also reduced as compared with yesterday. The cost of 100 gram silver is ₹7,460.

The precious metal gold is considered a hedge against inflation.

A look at rates gold and silver rates in major Indian cities:

Cities	Gold (24K/10gram)	Silver (per 10 gram)
Delhi	₹61,570	₹746
Mumbai	₹61,420	₹746
Kolkata	₹61,420	₹746
Chennai	₹61,850	₹782
Bengaluru	₹61,470	₹782
Lucknow	₹61,570	₹746
Patna	₹61,470	₹746
Hyderabad	₹61,420	₹782

In the US market, gold prices steadied on Wednesday with gains capped by a firmer dollar, as investors fretted over prolonged U.S. debt-limit negotiations.

Spot gold was little changed at $1,988.29 per ounce U.S. gold futures steadied at $1,992.20.

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HT News Desk
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