Gold prices witnessed a 0.33 percent decrease, with the yellow metal closing the trading session at Rs 75,910 on December 6, 2024 according to MCX data.
Prices were also 20.30 percent up in gold’s spot market value from the start of the year.
Year-over-year, gold prices have soared 22.05 percent, as analysed by Moneycontrol.
However, the current price remains below the Rs 79,362 peak reached on October 30, 2024.
For gold futures expiring on February 5, 2025, the price was Rs 76,619 per 10 grams on December 6, 2024, which is -0.47 percent lower than the previous day’s price.
There were city-wise variations in gold price on December 6, 2024.
Gold price in Mumbai
The price of 24-carat yellow metal on December 6, 2024 was Rs 75,550 in Mumbai, and it cost Rs 71,950 for 22-carat commodity in the financial capital. Prices were -0.34 percent lower compared with the previous day.
Gold price in Delhi
In the national capital, 24-carat gold cost Rs 75,760, -0.34 percent lower than the previous day, while the 22-carat version cost Rs 72,150.
Gold price in Chennai
Tamil Nadu’s capital, Chennai, witnessed the commodity trading -0.35 percent lower for the 24-carat at Rs 74,710. The 22-carat commodity was priced at Rs 71,150.
<strong> Gold price in Bengaluru </strong>
Tech capital Bengaluru, saw 22-carat gold at Rs 72300.00, while 24-carat gold at Rs 75920.00 Pwas -0.34 percent lower 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 have given a fillip to the yellow metal prices in recent times, along with capital flows owing to lower rates in developed economies.
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