Gold-Silver Price On August 17: Is Yellow Metal Costlier? Check What You're Paying Today

New Delhi: Gold prices are going up and down due to the war between the US and Iran. This is making people unsure about what will happen in the markets around the world. Gold prices went up by 0.86 per cent in a week because the US economy is not doing well as people thought it would. This means the US Federal Reserve might not change the interest rates.

What is the gold price on the MCX?

There was an increase in gold prices on the MCX for the month of October by 0.73 per cent and it settled at Rs 154,590. There was also an increase in the price of silver on the MCX for the month of September by 0.15 per cent and it settled at Rs 2,36,272 per kilogram.

Gold prices of 10 grams of 24-carat gold increased and stood at Rs 1,49,621 compared to Monday, when it was Rs 1,42,863. The reason for the increase in the gold and silver prices is that there is a huge fluctuation in the price of oil, US dollars are weaker and there are issues in the Middle East.

What is the price of gold?

The price of gold in India depends on what's happening in the world and in the country. The price of gold in countries, how strong the US dollar is and how much gold people are buying in India especially during holidays all affect the price of gold. So people who want to buy gold in India have to look at prices that change because of the economy and the time of year.

The prices of gold in various big cities of the country on Monday morning are as follows:

Delhi

24 carat: Rs 15,527 per gram
22 carat: Rs 14,234 per gram
18 carat: Rs 11,649 per gram

Mumbai

24 carat: Rs 15,512 per gram
22 carat: Rs 14,219 per gram
18 carat: Rs 11,634 per gram

Chennai

24 carat: Rs 15,512 per gram
22 carat: Rs 14,219 per gram
18 carat: Rs 11,999 per gram

Kolkata

24 carat: Rs 15,512 per gram
22 carat: Rs 14,219 per gram
18 carat: Rs 11,634 per gram

What is the price of silver?

The price of silver in India is currently Rs 249.90 per gram and Rs 2,49,900 per kilogram. Silver is usually cheaper than gold. People still like to buy it for investment and, for jewelry. The price of silver also changes because of what's happening in the world market and because companies use silver to make things.