Last Updated on February 17, 2025 by IPO Manthan Team
Gold prices in India increased on 17th February 2025, with both 22-carat and 24-carat gold rates rising across major cities. This rise is influenced by global market trends, demand and supply, and economic factors. Investors and buyers are closely tracking the movement of gold, as it remains a safe-haven asset in uncertain times.
Gold Rates in Major Cities
The gold prices today on 17th Feb 2025 in India vary from city to city. Below is a detailed table of gold prices across major cities:
| City | 22K Gold (₹/10 grams) | 24K Gold (₹/10 grams) |
|---|---|---|
| Delhi | 79,040 | 86,210 |
| Mumbai | 78,890 | 86,060 |
| Ahmedabad | 78,940 | 86,110 |
| Hyderabad | 79,400 | 86,620 |
| Jaipur | 79,950 | 87,200 |
| Patna | 79,040 | 86,210 |
| Chennai | 78,890 | 86,060 |
| Kolkata | 79,400 | 86,620 |
Gold prices vary slightly due to local taxes, import duties, and regional demand. Jaipur recorded one of the highest rates, while Mumbai and Chennai had comparatively lower prices.
MCX Gold and Market Trends
On the Multi Commodity Exchange (MCX), gold futures for April 2025 opened strong. Below is a summary of MCX gold prices today:
| Contract Date | Opening Price (₹/10 grams) | Intraday High (₹) | Current Price (₹) | Change (%) |
|---|---|---|---|---|
| April 2025 | 84,946 | 85,170 | 85,156 | +0.55% |
Gold prices on MCX show steady growth, reflecting a strong demand among investors.
Factors Influencing Gold Prices
The gold prices today on 17th Feb 2025 in India are driven by several key factors:
- Supply and Demand: When gold demand increases, especially for jewelry and investment, prices tend to rise.
- U.S. Dollar Strength: A weaker dollar makes gold cheaper for international buyers, increasing demand.
- Interest Rates: Lower real interest rates make gold a more attractive investment option.
- Inflation: Gold is often used as a hedge against inflation, leading to higher demand during economic instability.
- Geopolitical Uncertainty: Political conflicts and market volatility drive investors toward gold as a safe-haven asset.
Gold Price Trends and Future Outlook
Investors are closely monitoring gold prices, as many expect further gains. Analysts predict that gold may remain strong in 2025, supported by rising inflation and global uncertainties. Below is a gold price trend comparison from the past few months:
| Date | 22K Gold (₹/10 grams) | 24K Gold (₹/10 grams) |
|---|---|---|
| 1st Jan 2025 | 77,500 | 84,200 |
| 1st Feb 2025 | 78,200 | 85,000 |
| 17th Feb 2025 | 79,040 | 86,210 |
The steady rise in prices indicates strong market confidence in gold.
Should You Buy Gold Now?
With gold prices on the rise, many investors are considering whether to buy now. If the trend continues, purchasing gold at current rates may be a wise decision for long-term investors. However, those seeking short-term profits should carefully track market movements.
Final Thoughts
The gold prices today on 17th Feb 2025 in India have increased across cities, reflecting strong investor demand and global economic trends. Whether you’re buying jewelry, investing in gold ETFs, or trading on MCX, staying updated on price movements is essential. As a trusted investment, gold is expected to remain in demand in the coming months.