Check Gold Prices Today on Oct 17: Global Record High Ahead of Dhanteras

New Delhi, October 17: Gold prices are witnessing their dream run, touching a fresh high in the international market today, on October 17. Gold prices have hit USD 4,379.93 an ounce, marking their biggest weekly rise since 2008. The multi-month rally started in August, and is still continuing to see demand in both domestic and international markets.

One of the main reasons for such a rise is the constant support in demand from central banks, ETFs, and from investors who are treating gold as a safe asset amid global uncertainties.

Gold Prices Nears ₹1.3 Lakh Per 10 Grams As Festive Demand Increases

In India, gold prices are very close to the ₹1.3 lakh per 10 grams mark. The prices are being fueled by festive demand, as Indians prepare to buy gold on Dhanteras and Diwali. Buying gold during the festival, especially Dhanteras is deemed auspicious in India. Although there was a slight slip in the gold prices across karats, the prices are still firm as of today.

The 24K gold price is at ₹1,29,430, while the 22K gold price is at ₹1,18,640. The ₹18K gold price is at ₹97,070. All the prices are per 10 grams and in New Delhi.

City-wise Gold Prices

For a detailed approach, here are the city-wise gold prices as of 9:20 AM on October 17:

Festive Season Brings Demand

As Dhanteras and Diwali approach, the sentiment around gold is highly positive. Analysts believe that gold is expected to sustain this momentum post Diwali and throughout this year.

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