Despite ongoing geopolitical tensions in West Asia and mixed signals from the US dollar, bullion markets have not seen any sharp rally, reflecting cautious investor sentiment.

Safe-haven demand for precious metals continues to hold firm, but the absence of aggressive buying or selling pressure suggests a wait-and-watch approach among traders.

Domestic demand, especially ahead of the wedding and festive season in some regions, has helped keep prices stable.

Gold rate today

As per the latest retail trends, 24-carat gold is trading at around ₹15,419 per gram, while 22-carat gold is priced near ₹14,134 per gram. Prices for 18-carat gold remain comparatively lower, in line with purity differences.

Gold prices in major cities (per gram)

Gold rates vary slightly across cities due to factors such as local taxes, transportation charges, and jewellers' margins.

Globally, bullion prices continue to be influenced by movements in the US dollar, interest rate expectations, and geopolitical developments.

Silver rate today

Silver prices continue to hover at elevated levels, with the metal trading close to ₹2,64,900 per kilogram in the domestic market.

Compared to gold, silver remains more volatile due to its dual role as both an investment asset and an industrial metal.

Strong industrial demand and investment buying have supported silver prices, although recent sessions have seen mild corrections amid uncertainty in global economic trends.

MCX rate (April 17 closing)

On the Multi-Commodity Exchange (MCX), bullion ended the previous session on a slightly positive note. Gold (June futures) settled at ₹1,54,605, while silver rose about 0.36% to ₹2,58,079 per kg.

Market experts indicate that traders are staying cautious ahead of key global cues, including currency fluctuations and macroeconomic signals, which are expected to determine the near-term direction of gold and silver prices.