Gold prices ended 0.22% lower at 71,543.00 on September 12, 2024: MCX

In Delhi, Rs 71,450.00 was the price for 24 carat gold

On September 12, 2024, gold prices saw a 0.22 percent decrease, closing at Rs 71,543.00 according to MCX data. This marks a higher percent rise in gold’s spot market value from the start of the year.

Year-over-year, gold prices have climbed 22.24 percent, as analysed by Moneycontrol.

However, the current price remains below the Rs 73,932.00 peak reached on May 21, 2024.

The second quarter of 2024 witnessed a 6 percent decline in gold demand, due to reduced demand in the jewellery sector.

For gold futures expiring on October 4, 2024, the price was Rs 72,791.00 per 10 grams on September 12, 2024, which is 1.20 percent higher than the previous day’s price.

There were city-wise variations in gold prices on September 12, 2024.

Gold price in Mumbai

24-carat gold in Mumbai on September 12, 2024, cost Rs 71,350.00, and the cost of gold for 22-carat was Rs 67,950.00. In the financial capital, 24-carat gold was  -0.14 percent lower, compared with the previous day.

Gold price in Delhi

In Delhi, Rs 71,450.00 was the price for 24 carat gold and Rs 68,050.00 was the price of 22 carat of gold. The price was -0.15 percent lower compared with the previous day.

Gold price in Chennai

In Chennai, 24-carat gold traded -0.16 percent lower at Rs 70,400.00. And, 22-carat gold was priced at Rs 67,050.00.

Gold price in Bengaluru

In Bengaluru, 22-carat gold was Rs 68150.00. The price was -0.14 percent lower for 24-carat gold at Rs 71,560.00.

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

Outlook

Central banks' gold buying was higher in the previous quarter, and so was technology use, according to the World Gold Council.

US elections are also likely to impact gold. More importantly, geopolitical risks can impact gold prices as well.