Gold Price Today, 17 July 2021: Gold selling at Rs 48,350 in Delhi, check rates in metro cities

The 22-carat gold and 24-carat gold are retailing at Rs 47,340 and Rs 48,340 per 10 grams in the financial capital of India, Mumbai. 

New Delhi: Gold prices on the Multi Commodity Exchange (MCX) plummeted by Rs 342 on Friday (July 16) to close the day trade at Rs 48058 per gram. The drop in the prices of the yellow metal has come as a respite for investors who are planning to put their money, as gold rates in the recent weeks have increased by more than a thousand rupees.  Moreover, the drop in the prices could be short-lived, and gold could price could again start climbing uphill in the coming weeks, which makes the yellow metal an impressive investment opportunity.  Meanwhile, in terms of retail prices, 24-carat gold is retailing Rs 10 less than yesterday’s rate at Rs 48,350 per 10 grams in Delhi. On the other hand, the price of 22-carat gold in Delhi stood at Rs 47,350 per 10 grams. Also Read: Bank Holidays July 2021: Banks to remain shut for 5 days straight from July 17