Gold prices fell 0.44% to Rs 72947.00 on September 17, 2024: MCX Data

The yellow metal has experienced a 15.60 percent increase compared to the start of the year in the spot market.

Gold prices ended at Rs 72947.00 on September 17, 2024, reflecting a 0.44 percent fall compared with the previous day, according to data released by MCX.

The yellow metal has experienced a 15.60 percent increase compared to the start of the year in the spot market.

Additionally, there has been a 23.44 percent year-over-year increase in gold prices, as reported by Moneycontrol.

It was trading higher from the previous year as well, as per Moneycontrol analysis.

However, the current price is still below the Rs 73932.00 level it achieved on May 21, 2024.

For futures contracts set to expire on October 4, 2024, gold closed at Rs 73150.00 per 10 grams on September 17, 2024, a 0.50 percent decline from the previous trading day.

Gold price rate varied city-wise on September 17, 2024.

The price of 24-carat gold in Mumbai on September 17, 2024 was Rs 72920.00, while the gold rate for 22-carat was Rs 69450.00. The cost was 0.22 percent lower, compared with the previous day.

In Delhi, 24-carat gold was Rs 73130.00, while 22-carat was Rs 69650.00. Gold price in Delhi was 0.22 percent lower for 24-carat compared with the previous day.

In Chennai, 24-carat gold cost Rs 72080.00, and 22-carat gold traded at Rs 68650.00. Gold was 0.22 percent lower compared with the previous day.

In Bengaluru, 24-carat gold cost Rs 73290.00 and 22-carat gold was Rs 69800.00. Gold price was 0.22 percent lower from the previous day.

As per the World Gold Council’s report, the technology use of gold has increased. US elections and geopolitical events are likely to have an impact on gold.