Gold prices rose 0.59% to Rs 73,715 on September 20, 2024: MCX Data

The price of 24-carat gold in Mumbai on September 20, 2024 was Rs 74030.00, while the gold rate for 22-carat was Rs 70500.00. The cost was 1.96 percent higher, compared with the previous day

Gold prices ended at Rs 73715.00 on September 20, 2024, reflecting a 0.59 percent rise compared with the previous day, according to data released by MCX.

The yellow metal has experienced a 16.82 percent increase compared to the start of the year in the spot market.

Additionally, there has been a 25.10 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 74014.00 per 10 grams on September 20, 2024, a 0.77 percent jump from the previous trading day.

Gold price rate varied city-wise on September 20, 2024.

Gold price in Mumbai

The price of 24-carat gold in Mumbai on September 20, 2024 was Rs 74030.00, while the gold rate for 22-carat was Rs 70500.00. The cost was 1.96 percent higher, compared with the previous day.

Gold price in Delhi

In Delhi, 24-carat gold was Rs 73340.00, while 22-carat was Rs 69850.00. Gold price in Delhi was 0.87 percent higher for 24-carat compared with the previous day.

Gold price in Chennai

In Chennai, 24-carat gold cost Rs 73080.00, and 22-carat gold traded at Rs 69600.00. Gold was 1.98 percent higher compared with the previous day.

Gold price in Bengaluru

In Bengaluru, 24-carat gold cost Rs 74240.00 and 22-carat gold was Rs 70700.00. Gold price was 1.95 percent higher from the previous day.

For information on more cities, you can visit our gold page.

Outlook

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.