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News India Live, Digital Desk: Average gold prices today in major cities of India ₹1,100 to ₹1,300 per 10 grams An increase of Rs. has been observed, which is considered a ‘recovery’ after the big fall that occurred yesterday (16 March).
1. Today’s price per carat (average rate per 10 grams)
| Purity | Today’s Quote (17th March) | Yesterday’s price (16 March) | Change |
|---|---|---|---|
| 24 carat (99.9%) | ₹1,58,620 | ₹1,57,420 | + ₹1,200 |
| 22 carat (91.6%) | ₹1,45,400 | ₹1,44,300 | + ₹1,100 |
| 18 carat (75.0%) | ₹1,18,970 | ₹1,18,070 | + ₹900 |
| 14 carat (58.5%) | ₹92,860 | ₹92,860 | ₹0 (fixed) |
2. 24K gold rate in major cities (per 10 grams)
Chennai: ₹1,59,820 (most expensive)
Delhi: ₹1,58,770
Mumbai / Kolkata / Bengaluru: ₹1,58,620
Lucknow: ₹1,59,280
3. Main reasons for change in prices
Global Stress: Due to the increasing conflict between America, Israel and Iran, investors are turning to gold as a safe investment.
US Federal Reserve: The market is waiting for the Federal Reserve meeting to be held this week. Gold prices remain under pressure due to less possibility of interest rate cut.
Crude Oil Prices: There is a possibility of inflation increasing due to rise in energy prices, which is affecting the demand for gold.