Gold prices in India experienced steady trading on April 17, 2026, with 22-carat gold rate holding at ₹14,135 per gram and 24-carat gold rate maintaining ₹14,894 per gram. According to latest reports from HDFC SKY, Chennai emerged as the highest-priced city at ₹155,020 per 10 grams for 24-carat gold, enjoying a premium due to high local demand. National Capital Region cities maintained similar rates with Delhi at ₹154,350 per 10 grams and Mumbai at ₹154,200 per 10 grams for 24-carat gold. Kolkata, Hyderabad, and Kerala cities' gold rates are almost identical to Mumbai and Delhi at ₹154,200 per 10 grams. Bangalore and Pune have slightly higher rates at ₹155,580 as of recent reports.
As reported by HDFC SKY, Chennai maintained the highest gold rates with 22-carat gold at ₹141,350 per 10 grams and 24-carat gold at ₹155,020 per 10 grams. Delhi saw rates of ₹154,350 per 10 grams for 24-carat gold and ₹141,350 per 10 grams for 22-carat gold. Mumbai recorded ₹154,200 per 10 grams for 24-carat gold and ₹141,350 per 10 grams for 22-carat gold. Kolkata, Hyderabad, and Kerala cities' rates were uniform at ₹154,200 per 10 grams for 24-carat gold. Bangalore and Pune showed slightly elevated rates at ₹155,580 per 10 grams for 24-carat gold, while Vadodara and Ahmedabad quoted ₹154,250 per 10 grams for 24-carat gold.
According to HDFC SKY, gold prices continue to trade well supported on a weak dollar and as a hedge ahead of Indian wedding season even as physical demand remains low. War or geopolitical crisis has a high positive correlation with gold price, with gold continuing to be the favourite safe-haven asset class during geopolitical crises. A ceasefire between Lebanon and Israel began Thursday for 10 days, while US President Donald Trump announced that the United States and Iran could meet again this weekend. Trump's remarks brought optimism among traders that the war with Iran might come to an end soon, though Iran war news also strengthen the safe-haven demand for Gold. As reported by HDFC SKY, gold prices have risen for three consecutive sessions with national 10g rates: 24K ₹154,200, 22K ₹141,350, 18K ₹115,650. If war resolutions are announced, expect a correction, but as long as the war situation remains unclear, prices will hold on to their higher levels.
