Gold, silver rate today, September 17: The gold MCX futures contracts with the October 2024 expiry were trading at Rs 73,499 per 10 gm.
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Gold and silver rates today, September 17
The 24-carat gold rate in India was Rs 73,780 per 10 grams on September 17. The rate for 24-carat gold per gram is Rs 7,368. The rate of 22-carat gold was Rs 67,540 per 10 grams.
The rate of 24-carat gold has risen by 2.61% in the last one week, and the yellow metal has risen by 2.36% in the last ten days. The silver is currently quoted at Rs 89,130 per kilogram.
Commenting on the gold outlook Jateen Trivedi, VP Research Analyst – Commodity and Currency, LKP Securities Gold remained positive with gains of Rs 100 at Rs 73,600 in MCX and $10 higher at $2,585 in Comex. The continued decline in the dollar index, now at 100.35, has been a key driver for gold’s strength, having dropped nearly $6 from its May 2024 peak of 106 in just 4.5 months. This weakening of the dollar has been pivotal in sustaining gold’s bullish momentum.
Trivedi also added that all eyes are on the Federal Reserve’s upcoming policy meeting on 18th September 2024, where a 0.25% rate cut is expected, accompanied by a dovish stance. Support for gold is placed around Rs 72,800-Rs 73,100, with resistance near Rs 74,150- Rs 74,250. In Comex, major support is seen at $2,565-$2,560, with resistance around $2,600-$2,610.
Gold rate in Mumbai on September 17
The glittering metal was quoted for a price of Rs 73,780/10 grams in Mumbai on September 17. On September 16, the price of gold was Rs 73,690//10 grams. Seven days back, on September 09, gold was trading for Rs 71,720/10 grams.
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Silver rate in Mumbai on September 17
The shining metal silver was selling for a rate of Rs 89,400/Kg on September 17 in Mumbai. A day ago, the metal was priced at Rs 89,130/Kg and a week ago the price was Rs 83,300/Kg.
Gold rate in Kolkata on September 17
As less than one month is left for the Durga Puja, Gold and silver rates are in focus in Kolkata. In Kolkata, the 24-carat gold rate in Kolkata was trading for Rs 73,580/10 grams, today, September 17. The glittering metal was selling for Rs 73,590/10 grams yesterday and was quoting for Rs 71,630/10 grams last week.
Silver rate in Kolkata on September 17
The silver rate in Kolkata today was Rs 89,280/Kg. The price of silver was Rs 88,880/Kg on September 12. Last week, the price was trading at Rs 83,220/Kg.
Gold rate in Delhi on September 17
Diwali is just two months away and people in North India prefer shopping jewellery and ornaments during winter festivities. On September 17, the gold was trading at a price of Rs 73,560/10 grams.
The gold was quoted at Rs 73,560/10 grams yesterday, September 16. While the price of the 999 gold was selling for a price of Rs 71,600/10 grams a week ago.
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Silver rate in Delhi on September 17
In Delhi, the silver was priced at Rs 89,260/Kg on September 13. The price of silver was Rs 88,860/Kg on September 12. The price of silver was quoted at Rs 83,110/Kg last week.
Gold rate in Chennai on September 17
The gold rate in Chennai was Rs 73,900/10 grams today, September 16. Yesterday on 16-09-2024 the gold rate was quoted at Rs 73,900/10 grams. On September 09 or a week ago, the price of gold was Rs 71,930/10 grams in Chennai.
Silver rate in Chennai on September 17
The silver rate in Chennai today, September 17, is Rs 89,660/Kg. On September 13, the price of silver at Rs 89,270/Kg, which was up Rs 790 from the previous day. The silver in Chennai was available to the customers for a price of Rs 83,570/Kg a week ago.
MCX Futures on September 17
The gold MCX futures contracts with the expiry of October 2024 were quoted for Rs 73,499 per 10 gm, an decrease of Rs 16. While the futures contracts for silver with the September 2024 expiry on MCX futures were trading at Rs 89,624 per kg, an increase of Rs 444.
