Gold Silver Price 17 February: After a historic surge, gold and silver prices are now declining. Gold and silver prices experienced a significant swing, and now prices have crashed, leading to a rush to invest at lower prices. Today, February 17, silver is selling for ₹2,67,900 per kilogram in Delhi. Meanwhile, gold prices are trading at ₹1,56,580 per ten grams.
Gold and silver prices saw a significant decline, driven by the strengthening of the dollar following positive changes in US inflation data. Find out in detail today’s latest prices in your city.
Gold Silver Price 17 February: Latest prices in major cities (Gold per 10 grams)
| Carat | Purity of Gold | Price in Morning (₹/10 gram) |
|---|---|---|
| 24 Carat | 99.9% Pure | ₹1,56,580 |
| 22 Carat | 95.8% Pure | ₹1,43,540 |
| 18 Carat | 75% Pure | ₹1,17,470 |
24 Carat Gold Rate Today: What is the price in your city today?
| City | 24 Carat Gold (Today) | 22 Carat Gold (Today) | 18 Carat Gold (Today) |
|---|---|---|---|
| Lucknow Gold Rate Today | ₹1,56,580 | ₹1,43,540 | ₹1,17,470 |
| Jaipur Gold Rate Today | ₹1,56,580 | ₹1,43,540 | ₹1,17,470 |
| Delhi Gold Rate Today | ₹1,56,580 | ₹1,43,540 | ₹1,17,470 |
| Patna Gold Rate Today | ₹1,55,480 | ₹1,43,440 | ₹1,17,370 |
| Mumbai Gold Rate Today | ₹1,56,430 | ₹1,43,390 | ₹1,17,320 |
| Ahmedabad Gold Rate Today | ₹1,55,480 | ₹1,43,440 | ₹1,17,370 |
| Pune Gold Rate Today | ₹1,56,430 | ₹1,43,390 | ₹1,17,320 |
| Kolkata Gold Rate Today | ₹1,56,430 | ₹1,43,390 | ₹1,17,320 |
| Merrut Gold Rate Today | ₹1,56,580 | ₹1,43,540 | ₹1,17,470 |
| Ludhiana Gold Rate Today | ₹1,56,580 | ₹1,43,540 | ₹1,17,470 |
Silver Rate Today 17 Feb: Latest Silver Rate
| City | Silver Rate Today |
|---|---|
| Lucknow Silver Rate Today | ₹2,67,900 |
| Jaipur Silver Rate Today | ₹2,67,900 |
| Delhi Silver Rate Today | ₹2,67,900 |
| Patna Silver Rate Today | ₹2,67,900 |
| Mumbai Silver Rate Today | ₹2,67,900 |
| Ahmedabad Silver Rate Today | ₹2,67,900 |
| Pune Silver Rate Today | ₹2,67,900 |
| Kolkata Silver Rate Today | ₹2,67,900 |
| Merrut Silver Rate Today | ₹2,67,900 |
| Ludhiana Silver Rate Today | ₹2,67,900 |
Gold Silver Rate Crash Reason
Following a historic surge in gold and silver prices, prices began to crash steadily, and this trend continued for a few days. Now, gold and silver prices have picked up again, and silver is trading with surge. Let’s explore the reasons for the price crash.
- Profit-Booking: After reaching all-time highs, gold and silver were seen as safe investments, leading investors to sell for profits, which further pressured gold and silver prices.
- Strong Dollar: The dollar continued to strengthen against the rupee, weakening demand and leading to a sharp rise in gold and silver prices.
- Sharp Surge in a Short Period: Gold and silver prices have seen a sharp rise in a few days, which was sure to lead to a bubble bursting.
- The market is also closely monitoring the impact of the US-Iran talks and efforts to end the Russia-Ukraine war on crude oil prices.
