Gold Today Rate, 17 June: Check 18, 22 and 24 carat gold prices Chennai, Mumbai, Delhi, Kolkata and other cities
Gold prices in India opened slightly lower on Monday, 17 June 2025, after a period of steady gains over the past few weeks. Buyers in cities like Chennai, Delhi, Mumbai, and Kolkata noticed a marginal decline in per-gram rates across 18, 22, and 24-carat gold. This dip comes after gold recently touched record highs, making this correction particularly noteworthy for both retail buyers and investors.
📊 Gold Prices Across Major Cities – 17 June 2025
Here’s a breakdown of today’s rates:
| City | 24K (₹/gram) | 22K (₹/gram) | 18K (₹/gram) |
|---|---|---|---|
| Delhi | ₹10,052 | ₹9,215 | ₹7,540 |
| Mumbai | ₹10,037 | ₹9,200 | ₹7,528 |
| Chennai | ₹10,037 | ₹9,200 | ₹7,575 |
| Kolkata | ₹10,037 | ₹9,200 | ₹7,528 |
| Bangalore | ₹10,030 | ₹9,190 | ₹7,515 |
| Hyderabad | ₹10,030 | ₹9,190 | ₹7,515 |
| Ahmedabad | ₹10,035 | ₹9,195 | ₹7,520 |
🔻 Trend Alert: Compared to the previous day, gold rates have dipped by ₹100–₹114 per gram for 24K and ₹80–₹105 for 22K in most cities.
📉 Why Are Gold Prices Falling Today?
There are a few reasons behind today’s decline:
- Global Price Correction:
Gold futures globally have softened after hitting multi-week highs. The international spot price of gold dipped due to a stronger U.S. dollar and cautious investor sentiment. - Profit Booking:
With gold hitting record levels recently, traders and large holders may be booking profits, leading to short-term downward pressure. - Central Bank Policies:
Expectations around interest rate decisions from the U.S. Federal Reserve and the Reserve Bank of India (RBI) are also influencing market sentiment. Higher interest rates generally make gold less attractive compared to interest-bearing assets.
🪙 18K vs 22K vs 24K Gold – What’s the Difference?
| Type | Purity | Usage | Price Range Today |
|---|---|---|---|
| 24K | 99.9% | Investment (coins/bars) | ₹10,030–₹10,052 |
| 22K | 91.6% | Jewellery making | ₹9,190–₹9,215 |
| 18K | 75% | Designer & diamond jewellery | ₹7,515–₹7,575 |
24K is the purest and costliest form, ideal for investment. 22K is popular for wedding jewellery due to durability, while 18K is used in modern or stone-studded designs.
🏙️ City-Wise Highlights
- Delhi continues to lead with the highest 24K price at ₹10,052 per gram.
- Chennai offers a slightly higher 18K rate than other cities, ideal for lightweight jewellery buyers.
- Mumbai and Kolkata have similar rates, reflecting market parity.
🧠 Expert Opinion: Is This a Good Time to Buy Gold?
According to market analysts, the slight correction in price offers a good entry point for buyers:
“This minor dip after a long rally is normal. Long-term investors can take advantage of the lower rates today, especially with the festive and wedding season around the corner,” said Ritesh Jain, a commodities expert based in Mumbai.
Gold prices have risen nearly 14% year-to-date, fueled by inflation concerns, geopolitical tensions, and central bank purchases. The long-term outlook remains bullish.
🛍️ Retail Buyer Tips
If you plan to purchase gold today:
- Compare prices across jewellers; some charge higher making charges.
- Ensure you’re buying BIS Hallmarked jewellery.
- Ask for a proper invoice and purity certificate.
- For large purchases, check if TCS (Tax Collected at Source) applies.
🌐 Online vs. Physical Purchase
With digital gold becoming increasingly popular, many buyers now compare live gold prices on apps before stepping into jewellery stores. However, physical gold still dominates purchases in India, especially during festivals like Dhanteras, Akshaya Tritiya, and wedding seasons.
📦 Future Outlook
With global uncertainties and inflation still looming, gold is expected to stay in focus. Analysts predict a range-bound movement over the next few weeks but see a potential rebound by July 2025.
If central banks pause rate hikes or geopolitical events flare up, gold could resume its upward momentum.
✅ Conclusion
Gold prices on 17 June 2025 have slightly dipped across Indian cities, offering a small but welcome relief to buyers. Whether you’re buying jewellery or investing for the long term, today might be a good day to explore your options.
As always, track prices regularly, understand purity levels, and buy from trusted sources to make the most of your gold investment.
