Gold and Silver Prices Decline on February 17, 2025: A Look at the Latest Trends

New Delhi, February 17, 2025: Gold and silver prices have witnessed a slight drop today, with 24-carat gold rates seeing a reduction of ₹10.0 per gram in various cities across India.

As of today, the price of 24-carat gold is ₹8623.3 per gram, marking a decrease from the previous day’s rate of ₹8633.3 per gram. In terms of 10 grams, the rate stands at ₹86233.0 in Delhi, a notable decline from ₹87343.0 per 10 grams just a day ago. For 22-carat gold, the price has decreased to ₹7906.3 per gram, also reflecting a ₹10.0 drop.

The fluctuation in the price of gold follows a downward trend over the past week. In the last seven days, 24-carat gold prices have dropped by approximately 0.11%, while a month-to-month comparison shows a more significant decline of 6.94%. These shifts are reflective of the global gold market's current status, which is influenced by factors such as demand, currency fluctuations, and international economic conditions.

Silver also saw a decrease today. The silver rate stands at ₹103500.0 per kilogram in Delhi, reflecting a drop of ₹100.0 from yesterday's ₹103700.0 per kg. This is in line with a wider trend across cities, with silver rates also reducing in Chennai, Mumbai, and Kolkata. In Chennai, silver is priced at ₹110600.0 per kg, while in Mumbai, it stands at ₹102800.0 per kg. Kolkata’s silver price today is ₹104300.0 per kg.

Despite the recent drop in prices, the broader trend shows a relative stability in gold prices over the past week. Comparisons with last week reveal that gold has seen a steady dip, with the price falling from ₹87243.0 per 10 grams in Delhi on February 11, 2025, to the current ₹86233.0 per 10 grams. This decrease is a significant shift from the high prices seen earlier in the year, when gold hit notable peaks.

Gold futures for April 2025 were trading at ₹84800.0 per 10 grams, showing a marginal increase of ₹0.422, indicating some positive movement in the futures market. On the other hand, silver futures for July 2025 were priced at ₹99322.0 per kg, reflecting a slight rise of ₹0.259.

Experts suggest that the fluctuations in precious metal prices are often driven by a variety of factors, including changes in government policies, global demand, interest rates, and the strength of the US dollar. As international markets respond to these factors, gold and silver prices in India are subject to similar movements.

As consumers continue to monitor gold and silver prices closely, the upcoming trends will depend largely on global economic developments and local market conditions. Investors are advised to stay updated with daily price shifts to make informed decisions.

Stay tuned for further updates on precious metal prices and market trends.