Gold Prices Rise Across Major Indian Cities on October 17

Gold prices rose across most metro cities in India, according to market updates for October 17. The national average stood at ₹13,615 for 1 gram of 22-carat gold, marking an increase of ₹20, while 8 grams of 22-carat gold rose by ₹160 to reach ₹1,08,920.

In Delhi, the price for 1 gram of 22-carat gold was recorded at ₹13,635, an increase of ₹20, with 8 grams priced at ₹1,09,080 after a ₹160 hike. For 24-carat gold in the capital, 1 gram stood at ₹14,317 (up by ₹21) and 8 grams reached ₹1,14,536 (up by ₹168).

Mumbai registered 22-carat gold at ₹13,585 for 1 gram and ₹1,08,680 for 8 grams, reflecting increases of ₹20 and ₹160 respectively. The 24-carat gold in Mumbai was priced at ₹14,264 for 1 gram (up by ₹21) and ₹1,14,112 for 8 grams (up by ₹168).

In Kolkata, 22-carat gold rose to ₹13,685 for 1 gram and ₹1,09,480 for 8 grams, gaining ₹20 and ₹160 respectively. The 24-carat rates in Kolkata stood at ₹14,369 for 1 gram (up by ₹21) and ₹1,14,952 for 8 grams (up by ₹168).

Chennai reported 22-carat gold at ₹13,535 for 1 gram and ₹1,08,280 for 8 grams, both seeing identical increments of ₹20 and ₹160. Similarly, 24-carat gold in Chennai was valued at ₹14,212 for 1 gram and ₹1,13,696 for 8 grams.

Bengaluru pricing for 22-carat gold was ₹13,645 per gram and ₹1,09,160 for 8 grams, while 24-carat gold reached ₹14,327 per gram and ₹1,14,616 for 8 grams. Hyderabad mirrored Chennai's rates, recording 22-carat gold at ₹13,535 per gram and 24-carat at ₹14,212 per gram.

Pune observed prices aligned with Mumbai, with 22-carat gold at ₹13,585 per gram and 24-carat gold at ₹14,264 per gram. In Ahmedabad, 22-carat gold was priced at ₹13,639 for 1 gram and ₹1,09,112 for 8 grams, while 24-carat gold stood at ₹14,321 for 1 gram and ₹1,14,568 for 8 grams.

"Fluctuations in daily commodity rates such as gold impact consumer purchasing behavior and retail market dynamics across urban centers. For businesses operating in the retail and jewellery sectors, tracking these incremental price changes is essential for managing working capital and pricing strategies effectively." — Dr. Shishir Gupta, Founder & CEO, StartupLanes