Gold, Silver Prices Today, July 17: 24K Gold Crosses ₹1.41 Lakh in Mumbai, Silver Trades Above ₹2.15 Lakh/kg
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On Friday, July 17, gold prices stayed mostly unchanged in India’s major cities, while silver remained high amid ongoing geopolitical tensions and strong global demand for safe‑haven assets. Retail gold rates differ slightly from city to city because of local taxes, transport costs and jewellers’ pricing.
Today’s movement in gold and silver prices
Retail gold is offered in 24‑karat and 22‑karat purity. Although 24‑karat gold is the purest, 22‑karat gold is favoured for jewellery due to its greater durability.
Below are the current gold rates in major Indian cities as of 17 July.
Gold rates in New Delhi on 17 July
24‑karat gold price in New Delhi: ₹140,720 per 10 gm
22‑karat gold price in New Delhi: ₹128,993 per 10 gm
Silver 999 Fine rate in New Delhi: ₹215,180 per kg
Gold rates in Mumbai on 17 July
24‑karat gold price in Mumbai: ₹141,260 per 10 gm
22‑karat gold price in Mumbai: ₹129,233 per 10 gm
Silver 999 Fine rate in Mumbai: ₹215,570 per kg
Gold rates in Bengaluru on 17 July
24‑karat gold price in Bengaluru: ₹140,970 per 10 gm
22‑karat gold price in Bengaluru: ₹129,323 per 10 gm
Silver 999 Fine rate in Bengaluru: ₹219,100 per kg
Gold rates in Kolkata on 17 July
24‑karat gold price in Kolkata: ₹140,780 per 10 gm
22‑karat gold price in Kolkata: ₹129,048 per 10 gm
Silver 999 Fine rate in Kolkata: ₹215,290 per kg
Gold rates in Hyderabad on 17 July
24‑karat gold price in Hyderabad: ₹141,190 per 10 gm
22‑karat gold price in Hyderabad: ₹129,424 per 10 gm
Silver 999 Fine rate in Hyderabad: ₹215,910 per kg
Gold rates in Chennai on 17 July
24‑karat gold price in Chennai: ₹141,380 per 10 gm
22‑karat gold price in Chennai: ₹129,598 per 10 gm
Silver 999 Fine rate in Chennai: ₹216,200 per kg
Reasons behind gold’s steady performance
Gold continues to find support from:
- Rising geopolitical tensions in the Middle East.
- Elevated crude oil prices.
- Safe‑haven buying by investors.
- Expectations that the US Federal Reserve may keep interest rates unchanged in the near term.
Although there has been some fluctuation, analysts believe gold will stay buoyed as market participants watch global economic data, inflation patterns and central‑bank cues.
Oil prices climbed on Friday amid growing US‑Iran tensions, after Iran warned it would attack regional infrastructure should the US act on President Donald Trump’s threats to hit key Iranian facilities.
WTI crude for August delivery gained 1.32 %, settling at $80.09 a barrel, while Brent September contracts rose 1.33 % to $85.35 per barrel.
Iran warns the US about a Hormuz ‘red line,’ pledging retaliation if Trump follows through on his threats
On Thursday, Iran warned it would “crush” vital Middle‑East targets if President Trump’s threats to strike Iranian infrastructure in the coming days are realized, according to CNBC US.
In a Tuesday‑evening Fox News interview, Trump said US forces would strike key Iranian infrastructure next week unless a diplomatic breakthrough is reached.
“Next week it gets really bad for them because next week comes the power plants,” he said. “Next week comes the bridges. We’re going to knock out all their power plants. We’re going to knock out all their bridges unless they get to the table and negotiate.”
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