Gold prices rose 0.84% to highest level of Rs 77,164 on October 18: MCX Data

The price of 24-carat gold in Mumbai on October 18, 2024 was Rs 76,970, while the gold rate for 22-carat was Rs 73,300

Gold prices ended at the highest level of Rs 77,164 on October 18, 2024, reflecting a 0.84 percent rise compared with the previous day, according to data released by MCX.

The yellow metal has experienced a 22.28 percent increase compared to the start of the year in the spot market.

Additionally, there has been a 27.65 percent year-over-year increase in gold prices, as reported by Moneycontrol.

For futures contracts set to expire on December 5, 2024, gold closed at Rs 77,749 per 10 grams on October 18, 2024, a 0.86 percent jump from the previous trading day.

Gold price rate varied city-wise on October 3, 2024.

Gold price in Mumbai

The price of 24-carat gold in Mumbai on October 18, 2024 was Rs 76,970, while the gold rate for 22-carat was Rs 73,300. The cost was 1.10 percent higher, compared with the previous day.

Gold price in Delhi

In Delhi, 24-carat gold was Rs 77,490, while 22-carat was Rs 73,800. Gold price in Delhi was 1.65 percent higher for 24-carat compared with the previous day.

Gold price in Chennai

In Chennai, 24-carat gold cost Rs 76,020, and 22-carat gold traded at Rs 72,400. Gold was 1.12 percent higher compared with the previous day.

Gold price in Bengaluru

In Bengaluru, 24-carat gold cost Rs 77,230 and 22-carat gold was Rs 73,550. Gold price was 0.13 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.