Gold price at the moment: Gold costs down by round Rs 5,000 per 10 grams, examine city-wise charges on Might 17
Market analysts attribute the autumn to a cooling world commerce battle and waning demand for safe-haven property like gold. As geopolitical tensions ease, buyers are shifting focus away from conventional security nets, resulting in the present correction in gold costs.
The decline in gold costs was seen for the second consecutive day on Saturday, with charges falling sharply within the Indian market. The yellow steel, which lately touched a document excessive of Rs 1 lakh per 10 grams, has now dropped to round Rs 95,000 — a big correction of Rs 5,000. An identical development is seen within the worldwide market, the place gold that had peaked at $3,500 per ounce in April has now slipped to roughly $3,140 per ounce.
Market analysts attribute the autumn to a cooling world commerce battle and waning demand for safe-haven property like gold. As geopolitical tensions ease, buyers are shifting focus away from conventional security nets, resulting in the present correction in gold costs.
In accordance with specialists, the downtrend will not be over but. Many consider that the sort of spectacular returns seen in gold throughout 2024 and early 2025 are unlikely to repeat within the close to time period. Nevertheless, they nonetheless keep that gold stays a robust funding possibility for the lengthy haul.
Talking to India TV, Yogesh Singhal, Chairman of the All Bullion and Jewellers Affiliation, recalled an analogous section in 2013 when gold noticed a steep correction. He identified that if related circumstances re-emerge, world gold costs may fall from $3,230 to as little as $1,820 per ounce. If such a state of affairs performs out, home gold charges in India may drop additional — presumably settling between Rs 55,000 to Rs 60,000 per 10 grams.
Verify gold costs in several cities on Might 17, 2025:
| Metropolis | 22 Carat Gold Fee (Per 10 gm) | 24 Carat Gold Fee (Per 10 gm) |
| Delhi | Rs 87,360 | Rs 95,290 |
| Mumbai | Rs 87,210 | Rs 95,140 |
| Kolkata | Rs 87,210 | Rs 95,140 |
| Chennai | Rs 87,210 | Rs 95,140 |
| Ahmedabad | Rs 87,260 | Rs 95,190 |
| Pune | Rs 87,210 | Rs 95,140 |
| Lucknow | Rs 87,310 | Rs 95,290 |
| Bengaluru | Rs 87,210 | Rs 95,140 |
| Noida | Rs 87,360 | Rs 95,290 |
| Hyderabad | Rs 87,210 | Rs 95,140 |
Why does the value of gold fluctuate?
The value of gold fluctuates as a consequence of a wide range of elements, together with insights from esteemed jewellers. Key influences embody world demand for gold, trade price fluctuations, prevailing rates of interest, and authorities laws governing gold buying and selling. Moreover, worldwide occasions resembling the general state of the worldwide economic system and the energy of the US greenback relative to different currencies considerably have an effect on gold costs within the Indian market.
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