Gold prices at Rs 74468.00 on November 18, 2024, up 1.62% from previous day: MCX Data

World Gold Council notes that central bank buying and technology use demand was lower at the start of the year.

Gold prices witnessed a 1.62 percent increase, with the yellow metal closing the trading session at Rs 74468.00 on November 18, 2024 according to MCX data. Prices were also higher percent up in gold’s spot market value from the start of the year.

Year-over-year, gold prices have soared 22.71 percent, as analysed by Moneycontrol.

However, the current price remains below the Rs 79362.00 peak reached on October 30, 2024.

For gold futures expiring on December 5, 2024, the price was Rs 75047.00 per 10 grams on November 18, 2024, which is 1.49 percent higher than the previous day’s price.

There were city-wise variations in gold price on November 18, 2024.

Gold price in Mumbai

The price of 24-carat yellow metal on November 18, 2024, was Rs 74390.00 in Mumbai, and it cost Rs 70850.00 for the 22-carat commodity in the financial capital. Prices were 0.85 percent higher compared with the previous day.

Gold price in Delhi

In the national capital, 24-carat gold cost Rs 74500.00, 0.85 percent higher than the previous day, while the 22-carat version cost Rs 70950.00.
Gold price in Chennai

Tamil Nadu’s capital, Chennai, witnessed the 24-carat commodity trading 0.87 percent higher at Rs 73450.00. The 22-carat commodity was priced at Rs 69950.00.

Gold price in Bengaluru

Tech capital Bengaluru, saw 22-carat gold at Rs 71100.00, while 24-carat gold at Rs 74660.00 Pwas 0.85 percent higher than the previous trading session.

You can access more information on city-wise prices on our gold page.

Outlook

World Gold Council notes that central bank buying and technology use demand was lower at the start of the year.

Geopolitical uncertainties and capital flows owing to lower rates in developed economies have given a boost to yellow metal prices in recent times.