The gold rate continued to cool off on November 17, extending the weak trend that had built over the past week. The mood in the precious metals market stayed cautious through the morning, with traders tracking global cues and waiting for key economic data that could sway sentiment.
And as the day opened, both gold prices and silver prices took another step down, pulling retail rates lower across major Indian cities.
Market Performance Today
The decline in the gold rate today wasn’t sudden. It was more like a slow pullback as the broader market adjusted to shifting expectations around global interest rates.
By early trade:
- 24K gold rate (10g): Down ₹110 to ₹1,24,970
- 22K gold rate (10g): Lower by ₹100 at ₹1,14,550
- 18K gold (10g): Cheaper by ₹80, now at ₹93,730
Silver followed the same path:
- Silver rate (1kg): Dropped ₹2,000 to ₹1,67,000
Gold Rate November 17: City-Wise 24K & 22K Prices
Here’s a clean snapshot of how 10g 24K and 10g 22K gold were priced across key cities on November 17:
24K Gold (10g)
- Delhi: ₹1,25,120
- Mumbai: ₹1,24,970
- Chennai: ₹1,25,890
- Kolkata: ₹1,24,970
- Bengaluru: ₹1,24,970
- Jaipur: ₹1,25,120
- Lucknow: ₹1,25,120
- Hyderabad: ₹1,24,970
- Ahmedabad: ₹1,25,020
22K Gold (10g)
- Delhi: ₹1,14,700
- Mumbai: ₹1,14,550
- Chennai: ₹1,15,400
- Kolkata: ₹1,14,550
- Bengaluru: ₹1,14,550
- Jaipur: ₹1,14,700
- Lucknow: ₹1,14,700
- Hyderabad: ₹1,14,550
- Ahmedabad: ₹1,14,600
Silver Rate Today: Key City Prices
The silver rate also softened across the country, slipping by ₹2,000 for the day. Here’s how 1 kg silver was priced in major cities:
- Delhi: ₹1,67,000
- Mumbai: ₹1,67,000
- Chennai: ₹1,73,000
- Kolkata: ₹1,67,000
- Bengaluru: ₹1,67,000
- Jaipur: ₹1,67,000
- Lucknow: ₹1,67,000
- Hyderabad: ₹1,73,000
- Ahmedabad: ₹1,67,000
What’s Moving Gold & Silver Prices Right Now
The pressure on the gold rate today largely stems from shifting global market sentiment. Precious metals have been moving in sync with broader risk assets, leading to a modest cooling in domestic rates.
Markets are watching upcoming economic readings closely, and until the numbers come in, price movements may stay cautious and data-driven.
Summary
- The gold rate on November 17 fell across India.
- 24K (10g) down ₹110, now at ₹1,24,970
- 22K (10g) lower by ₹100, at ₹1,14,550
- Silver prices dipped ₹2,000 to ₹1,67,000
- Most major cities mirrored the same downward trend.
- Market sentiment stayed watchful ahead of key economic triggers.
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