Gold and Silver prices on January 17: Check rates of metro cities here

According to GoodReturns, the price of 22-carat gold was at Rs 58,050 per gram; Rs 63,330 for 10 gm 24-carat gold and silver at Rs 76,500 per kg respectively.

Alina Khan Last Updated : 17 January 2024, 10:02 AM IST

Courtesy: X

On January 17, the price of 22-carat gold was at Rs 58,050 per gram; Rs 63,330 for 10 gm 24-carat gold and silver at Rs 76,500 per kg respectively, according to GoodReturns. At the same time, the silver rate was Rs 76.50 per gram whereas for 10 grams it was Rs 765.

Check rates of Gold and Silver here:

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Cities	22-carat Gold (10 gm)	24-carat Gold (10 gm)	Silver (1 kg)
Delhi	58,200	63,480	76,500
Mumbai	58,050	63,330	76,500
Chennai	58,500	63,820	78,000
Kolkata	58,050	63,330	76,500
Bengaluru	58,050	63,330	74,000
Hyderabad	58,050	63,330	78,000
Kerala	58,050	63,330	78,000

Economic Importance:

Investment and Security: Gold is seen as a safe haven and hedge against inflation, economic uncertainty, and currency fluctuations. Indians traditionally invest a significant portion of their savings in gold, considering it a secure and reliable form of wealth.
Employment and Industry: The gold industry in India is a major source of employment, driving the economy in mining, refining, manufacturing, and trading.
International Trade: India is one of the world's largest gold importers and consumers, influencing global gold prices and trade.

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Gold and Silver prices on January 17: Check rates of metro cities here