Gold prices ended 0.46% above at Rs 74,492 on September 24: MCX Data

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

On September 24, 2024, gold prices saw a 0.46 percent increase, closing at Rs 74492.00 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 26.45 percent, as analysed by Moneycontrol.

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 75019.00 per 10 grams on September 24, 2024, which is 1.01 percent higher than the previous day’s price.

There were city-wise variations in gold price on September 24, 2024.

Gold price in Mumbai

24-carat gold in Mumbai on September 24, 2024 cost Rs 74450.00, and the cost of gold for 22-carat was Rs 70900.00. In the financial capital, 24-carat gold was 0.28 percent higher, compared with the previous day.

Gold price in Delhi

In Delhi, Rs 74340.00 was the price for 24 carat gold and Rs 70800.00 was the price of 22 carat of gold.

Gold price in Chennai

In Chennai, 24-carat gold traded 0.29 percent higher at at Rs 73500.00. And, 22-carat gold was priced at Rs 70000.00.

Gold price in Bengaluru

In Bengaluru, 22-carat gold was Rs 71100.00. Price was 0.28 percent higher for 24-carat gold at Rs 74660.00.

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.