North India Statesman
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Gold prices have declined after reaching record high in the last few days. Gold demand has come down slightly due to the strengthening of the dollar in global markets and new data related to the US economy. Investors’ attention has gone to other assets due to the uncertainty of the uncertainty of the interest rate cut by the Federal Reserve.
In addition, better unemployment and productive price index (PPI) figures in the US have put pressure on gold prices. Experts believe that if the interest rates remain stable or increase, gold may fall further. However, in the long run, this decline in prices can offer a good opportunity for investors for new investment.
Gold prices in Delhi-Mumbai
On 17 March 2025, 22 carat gold was trading in Delhi at Rs 80,340 and 24 carat gold at Rs 89,810 per 10 grams. In Mumbai, 22 carat gold is trading at Rs 82,190 and 24 carat gold at Rs 87,660 per 10 grams. Gold prices were seen in other major cities of the country as well.
Here gold rates are given for 17 March 2025.
| City | 22 carat 10 grams of gold price | 24 carat 10 grams of gold price |
| Delhi | ₹ 82,340 | ₹ 89,810 |
| Chennai | ₹ 82,190 | ₹ 89,660 |
| Mumbai | ₹ 82,190 | ₹ 89,660 |
| Kolkata | ₹ 82,190 | ₹ 89,660 |
Silver rate
On 17 March 2025, silver was Rs 1,02,900 per kg. Silver prices have fallen by Rs 400.
How is the price of gold in the country determined?
The price of gold in India depends on the international market, import duty, taxes and the value of the rupee. All these things determine the price of gold. Gold is not only an investment in India, but it also has cultural and traditional importance. During weddings and festivals, the demand for gold increases significantly, which also affects its prices.
