Gold prices edged higher on Wednesday, April 17, with 24K gold trading at ₹96,180 per 10 grams in Mumbai, up ₹100 from the previous day. Similarly, 22K gold stood at ₹88,160 per 10 grams. The rise in domestic prices aligns with global trends amid sustained demand for safe-haven assets.
So far in 2025, gold has surged over 23%, outperforming the NIFTY50 index. Escalating US tariff tensions, geopolitical uncertainties, and a weaker US dollar have contributed to the rally. The US dollar index recently fell below the 100-mark, a three-year low, boosting gold’s appeal.
Gold prices in key cities (April 17, 2025):
| City | 22K Gold (per 10gm) | 24K Gold (per 10gm) |
|---|---|---|
| Delhi | ₹88,310 | ₹96,330 |
| Mumbai | ₹88,160 | ₹96,180 |
| Chennai | ₹88,160 | ₹96,180 |
| Kolkata | ₹88,160 | ₹96,180 |
On the Multi Commodity Exchange (MCX), Gold June futures traded slightly lower by 0.02% at ₹95,643 per 10 grams, with an intraday high of ₹95,894.
In the international market, Gold futures for June delivery rose 0.2% to $3,353 an ounce. Investment firm ANZ raised its year-end forecast for gold to $3,600/oz, citing risks of a deeper recession, geopolitical instability, and inflationary pressures.
Silver prices today (April 17, 2025):
Silver prices held steady at ₹1,00,100 per kg across most Indian cities. However, MCX Silver May futures slipped 0.87% to ₹95,416 per kg, while global silver rates dropped to $32.59 per troy ounce, down 1.18%.
| City | Silver Price (per kg) |
|---|---|
| Delhi | ₹1,00,100 |
| Mumbai | ₹1,00,100 |
| Chennai | ₹1,10,100 |
| Kolkata | ₹1,00,100 |
