Gold prices ended just 0.04% above at Rs 75983.00 on November 28, 2024: MCX Data

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

On November 28, 2024, gold prices saw a 0.04 percent increase, closing at Rs 75983.00 according to MCX data. This marks a 20.4 percent rise in gold’s spot market value from the start of the year.

Year-over-year, gold prices have climbed 21.69 percent, as analysed by Moneycontrol.

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

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

For gold futures expiring on December 5, 2024, the price was Rs 75720.00 per 10 grams on November 28, 2024, which is 0.05 percent lower than the previous day’s price.

There were city-wise variations in gold price on November 28, 2024.

Gold price in Mumbai

24-carat gold in Mumbai on November 28, 2024 cost Rs 75290.00, and the cost of gold for 22-carat was Rs 71700.00. In the financial capital, 24-carat gold was -0.20 percent lower, compared with the previous day.

Gold price in Delhi

In Delhi, Rs 75500.00 was the price for 24 carat gold and Rs 71900.00 was the price of 22 carat of gold. The price was -0.20 percent lower compared with the previous day.

Gold price in Chennai

In Chennai, 24-carat gold traded -0.20 percent lower at Rs 74450.00. And, 22-carat gold was priced at Rs 70900.00.

Gold price in Bengaluru

In Bengaluru, 22-carat gold was Rs 71950.00. Price was -0.34 percent lower for 24-carat gold at Rs 75550.00.

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.