Gold and Silver Price Today 17 August: Last Saturday, the festival of Janmashtami was celebrated with great pomp across the country. On the day of the festival, while the price of gold had declined, silver had shown an increase. But today, i.e., on August 17, the trend of the bullion market has changed again. There has been a fluctuation in the price of both gold and silver, due to which the eyes of investors and buyers are fixed on the market.
Price of 24-carat and 22-carat gold
Today, the price of 24-carat gold in Delhi’s bullion market has reached Rs 1,01,330 per ten grams. At the same time, 22-carat gold has been recorded at Rs 92,900 per ten grams. The same prices were also seen in major cities like Ayodhya, Chandigarh, and Jaipur. However, a slight difference was seen in Hyderabad, where 24 carat gold was Rs 1,01,180 and 22 carat gold was Rs 92,750 per ten grams.
Today’s rate in Lucknow was almost the same as that recorded in Delhi and other big cities. Market experts believe that such changes between global economic indicators and local demand are usually seen during the festive season.
Stability and rise in silver prices
Silver has given relief to investors today compared to gold. The price of silver remained stable at Rs 1,16,200 per kg in Delhi, Ayodhya, Chandigarh, and Jaipur. However, the price of silver in Hyderabad reached Rs 1,26,200 per kg, which indicated a boom in the market.
What does it mean for investors?
This fluctuation in gold and silver is very important before the festival and wedding season. While a slight fall in gold prices is an opportunity for customers to buy, the continuous strength of silver is indicating that further growth is possible in the coming days. Economic experts say that due to the pressure of domestic and international markets, the trend of rise and fall in gold and silver will continue.