Gold, silver prices today, 17 September: Check retail rates of 24K, 22K gold, 999 silver in Delhi, Mumbai and Kolkata — SkimNews
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- US Federal Reserve raised its benchmark interest rate by 25 basis points, taking the target range to 3.75%-4%, as investors weighed the outlook for monetary policy and its impact on precious metals.
- Spot gold rose over 1% to around $4,310 per ounce on Thursday after falling more than 1% in the prior session, with silver gaining in tandem as traders tracked the US dollar, Treasury yields, and geopolitical developments.
- Indian retail gold prices on September 17 stood at ₹1,53,600 per 10 grams for 24-karat and ₹1,40,800 per 10 grams for 22-karat, with silver 999 Fine priced at ₹2,35,140 per kg, according to Bullions.co.in.
- City-level prices on September 17 ranged from ₹1,53,060/10g (Delhi) to ₹1,53,770/10g (Chennai) for 24-karat gold, and from ₹2,34,310/kg (Delhi) to ₹2,35,390/kg (Chennai) for silver.
- Past-year returns show 24K gold up 39.22% from roughly ₹1,000,350 per 10 grams to ₹1,53,600, while silver surged 85.49% from around ₹1,26,850/kg to ₹2,35,140/kg.
- Consumer caveats: final jewellery bills include making charges and GST beyond the headline bullion rate, which the source flags explicitly.
Why it matters: With the Fed now at 3.75%-4%, gold has rebounded over 1% to roughly $4,310/oz after a sharp prior-session drop, signaling renewed safe-haven demand even in a higher-rate environment. Indian buyers see 24K gold at ₹1.53 lakh per 10 grams and silver 999 at ₹2.35 lakh per kg — meaning a ₹1 lakh investment in silver a year ago is now worth roughly ₹1.85 lakh before costs.
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