Gold, silver rate today, October 17: The gold MCX futures contracts with the October 2024 expiry were trading at Rs 76,680 per 10 gm.
Gold and silver rates today, October 17
The 24-carat gold rate in India was Rs 76,670 per 10 grams on October 4. The rate for 24-carat gold per gram is Rs 7,670. The rate of 22-carat gold was Rs 70,281 per 10 grams.
The rate of 24-carat gold has risen by 1.88% in the last one week, and the yellow metal has gained by 0.89% in the last ten days. The silver is currently quoted at Rs 92,490 per kilogram.
Experts on Gold Outlook
Commenting on the gold outlook Jateen Trivedi, VP Research Analyst – Commodity and Currency, LKP Securities said that Gold prices stayed elevated with gains of Rs 350 in MCX, while Comex gold traded above $2,675, up 0.55%. Traders continue to position themselves on expectations that the Federal Reserve will maintain its path of interest rate cuts. This has sustained bullish sentiment around the yellow metal, which reached record highs in September. Since then, gold has been consolidating in the low-to-mid $2,600 per ounce range, as traders anticipate a slower pace of rate cuts from the Fed.
Trivedi also added that the geopolitical situation in the Middle East has further bolstered safe-haven demand for gold, adding to its upward momentum. Despite the consolidation, gold is finding solid support between Rs 76,000- Rs 76,200 in MCX, while resistance is expected in the Rs 76,900-Rs 77,100 range. As long as the Federal Reserve’s dovish tone and geopolitical risks remain, gold is likely to continue trading with a positive bias.
Gold rate in Mumbai on October 17
The glittering metal was quoted for a price of Rs 76,670/10 grams in Mumbai on October 17. On October 16, the price of gold was Rs 76,470/10 grams. Seven days back, on October 10, gold was trading for Rs 75,250/10 grams.
Silver rate in Mumbai on October 17
The shining metal silver was selling for a rate of Rs 92,430/Kg on October 17 in Mumbai. Whereas on October 16, the metal was priced at Rs 91,590/Kg and a week ago the price was Rs 90,230/Kg.
Gold rate in Kolkata on October 17
In Kolkata, the 24-carat gold rate in Kolkata was trading for Rs 76,570/10 grams, today, October 17. The glittering metal was selling for Rs 75,950/10 grams on October 16 and was quoting for Rs 75,150/10 grams last week.
Silver rate in Kolkata on October 17
The silver rate in Kolkata today was Rs 92,310/Kg. The price of silver was Rs 91,460/Kg on October 16. Last week, the price was trading at Rs 90,110/Kg.
Gold rate in Delhi on October 17
Diwali is just 10 days away and people in North India prefer shopping for jewellery and ornaments during winter festivities. On October 17, the gold was trading at a price of Rs 76,540/10 grams.
The gold was quoted at Rs 76,240/10 grams on Wednesday, October 16. While the price of the 999 gold was selling for a price of Rs 75,120/10 grams a week ago.
Silver rate in Delhi on October 17
In Delhi, the silver was priced at Rs 92,270/Kg on October 17. The price of silver was Rs 91,430/Kg on October 16. The price of silver was quoted at Rs 90,080/Kg last week.
Gold rate in Chennai on October 17
The gold rate in Chennai was Rs 76,900/10 grams today, October 17. On Wednesday 16-10-2024 the gold rate was quoted at Rs 76,320/10 grams. On October 10 or a week ago, the price of gold was Rs 75,470/10 grams in Chennai.
Silver rate in Chennai on October 17
The silver rate in Chennai today, October 17, is Rs 92,700/Kg. On October 16, the price of silver at Rs 91,850/Kg. The silver in Chennai was available to the customers for a price of Rs 90,500/Kg a week ago.
MCX Futures on October 17
The gold MCX futures contracts with the expiry of December 2024 were quoted for Rs 76,680 per 10 gm, an increase of Rs 320. While the futures contracts for silver with the December 2024 expiry on MCX futures were trading at Rs 92,171 per kg, a rise of Rs 548.
