look news india
Today i.e. on 17 December 2024, a slight decline has been recorded in the prices of gold. 22 carat gold has come down to the level of around Rs 71,500 per 10 grams. At the same time, 24 carat gold is trading around Rs 78,000 per 10 grams in states like Delhi, Rajasthan, UP.
condition of silver price
The price of one kilogram of silver across the country remains stable at Rs 92,500. No significant change has been seen in the price of silver.
Due to fall in gold and silver prices
There are several major reasons behind this fall in the prices of gold and silver:
- Fall in PPI (Producer Price Index) in US:
- There has been a decline in the Producer Price Index in America, due to which investors started selling gold to earn profits.
- Increase in unemployment claims:
- Gold prices came under pressure due to rising unemployment figures.
- Dollar strength:
- Gold prices saw a decline due to the strengthening of the US dollar.
- Federal Reserve meeting:
- Traders are cautious about the upcoming meeting of the Federal Reserve, due to which there is uncertainty in the market.
Gold prices in major cities on 17 December 2024
| city name | 22 carat gold (Rs/10 grams) | 24 carat gold (Rs/10 grams) |
|---|---|---|
| Delhi | 71,400 | 78,040 |
| Noida | 71,550 | 78,040 |
| Ghaziabad | 71,550 | 78,040 |
| Jaipur | 71,550 | 78,040 |
| Gurgaon | 71,550 | 78,040 |
| Lucknow | 71,550 | 78,040 |
| Mumbai | 71,400 | 77,890 |
| Kolkata | 71,400 | 77,890 |
| Patna | 71,450 | 77,940 |
| Ahmedabad | 71,450 | 77,940 |
| Bhubaneswar | 71,400 | 77,890 |
| Bengaluru | 71,400 | 77,890 |
Tips for investors
- Keeping in mind the market uncertainty and the Federal Reserve meeting, investors are advised to exercise caution.
- Taking advantage of the fall in gold prices, investing can be profitable.
- Keep an eye on dollar trends and global economic indicators.