Gold, Rate Today 17 April : Will gold prices rise ahead of Akshaya Tritiya?
Gold, Rate Today Updates: Precious metals continue to exhibit instability and price fluctuations, though experts are of the view that the fundamental bull run is still valid. Gold is a traditional safe haven but rising oil prices have fueled inflation fears, resulting in lower
Gold Rate Today: More upside for gold?
“Investors are now watching closely for concrete progress in US-Iran negotiations. Any progress or extension of the current delicate ceasefire could further calm oil markets and inflation fears, potentially unlocking more upside for gold,” Tim Waterer, chief market analyst at KCM Trade told Reuters.
A 10-day ceasefire between Lebanon and Israel came into effect on Thursday, while US President Donald Trump indicated that the next round of discussions between the United States and Iran could take place over the weekend.
Gold prices hold steady
Gold prices remained broadly unchanged on Friday and were set to post a fourth consecutive weekly rise, supported by optimism surrounding a potential US-Iran agreement, which has helped ease concerns over rising inflation and stubbornly high interest rates.
Spot gold was stable at $4,789.67 per ounce as of 0229 GMT, reflecting a weekly gain of 0.9%. US gold futures for June delivery also showed little movement, holding at $4,809.30.
Gold ETFs see solid inflows
Gold exchange-traded funds (ETFs) attracted inflows of ₹31,561 crore during the March 2026 quarter, representing almost a sixfold jump from the same period last year, as investors turned to the traditional safe-haven asset amid rising geopolitical uncertainty. In line with this strong trend, the assets under management (AUM) of gold funds expanded threefold over the past year to reach ₹1.71 lakh crore.
Gold rates in India are on a firm upward trajectory, extending their gains for the third straight session this week as festive momentum ahead of Akshaya Tritiya 2026 gathers momentum. The yellow metal has been on a steady climb, adding Rs 311 per gram in 24 Karat (24K) gold over the last three days-equivalent to a sharp rise of Rs 31,100 per 100 grams.
The rally is being fueled by a supportive global backdrop, with optimism around renewed US-Iran talks easing inflation concerns, while a softer US dollar continues to strengthen gold’s appeal as a safe-haven asset.
24 Karat Gold Price Today in India In the latest trading session, 24 Karat (24K) gold prices in India moved higher to Rs 15,557 per gram, marking an increase of Rs 22 from Rs 15,535 in the previous session.
For 8 grams, the price rose to Rs 1,24,456 from Rs 1,24,280, reflecting a gain of Rs 176. The rate for 10 grams advanced to Rs 1,55,570, up Rs 220 compared to Rs 1,55,350 previously. On a bulk scale, 100 grams of 24K gold climbed by Rs 2,200 to Rs 15,55,700.
22 Karat Gold Rate Today in India
22 Karat (22K) gold prices also edged higher in tandem with the wider trend. The per gram rate increased to Rs 14,260 from Rs 14,240, gaining Rs 20. For 8 grams, prices rose to Rs 1,14,080 from Rs 1,13,920, up Rs 160. The price of 10 grams stood at Rs 1,42,600, recording a gain of Rs 200, while 100 grams of 22K gold advanced by Rs 2,000 to Rs 14,26,000.
18 Karat Gold Rate Today in India
18 Karat gold mirrored the upward movement, with the per gram price rising to Rs 11,668 from Rs 11,651, up Rs 17. For 8 grams, the rate climbed to Rs 93,344, gaining Rs 136, while 10 grams were priced at Rs 1,16,680, reflecting an increase of Rs 170. a larger scale, 100 grams of 18K gold rose by Rs 1,700 to Rs 11,66,800.
MCX Gold Rate Latest Trends
On the domestic futures front, gold prices remained resilient on the Multi Commodity Exchange (MCX). Gold futures for June 5, 2026 expiration were trading at Rs 1,54,417 per 10 grams as of 5:55 PM IST on April 16, 2026, marking a rise of Rs 469 or 0.3% in the latest session. The contract opened at Rs 1,54,651 and had a previous close of Rs 1,53,948, with volumes at 2,358 lots, signaling steady market participation. The spot reference price hovered around Rs 75,340.
Spot Gold Price Trends Globally,
gold prices regained momentum, climbing back above $4,800 per ounce on Thursday following a brief pullback. The recovery comes as investors weight the prospects of renewed diplomatic engagement between the US and Iran, with reports suggesting a possible extension of the ceasefire to facilitate further negotiations. Easing geopolitical tensions and expectations of softer inflation have lend support to bullion, even as developments in key trade routes like the Strait of Hormuz continue to be closely monitored.
Gold Rate Outlook Ahead of Akshaya Tritiya Amid US-Iran Tension
“We may expect gold to remain supported if geopolitical tensions continue to ease and festive demand strengthens further. From a technical perspective, if gold has seen a breakout, and if momentum sustained, prices may head towards 155000, followed by 170000, with a possible retest of 181000 in the coming months. Key downside support is seen at 136200, with a stronger base near 127500,” said Kaveri More, Commodity Technical Research, Choice Broking. Disclaimer: The views and recommendations expressed are solely those of the individual analysts or entities and do not reflect the views of Goodreturns.in or Greynium Information Technologies Private Limited (together referred as “we”). We do not guarantee, endorse or take responsibility for the accuracy, completeness or reliability of any material, nor do we provide any investment advice or solicit the purchase or sale of securities. All information is provided for informational and educational purposes only and should be independently verified from lice
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