Gold prices were 0.78% higher at Rs 77,767 on October 21: MCX data

In Mumbai, 24-carat gold was Rs 77,490, while 22-carat was Rs 73,800. The Mumbai rate was 0.68 percent higher.

On October 21, 2024, gold closed at Rs 77,767, hitting a new high for with a 0.78 percent increase from the previous day, according to MCX.

The spot market has seen a 23.24 percent rise in gold prices since the start of the year.

Additionally, gold prices are up by 28.71 percent year-over-year, based on Moneycontrol's analysis.

Gold prices were below the Rs 77,767 mark set on October 21, 2024.

For December 5, 2024, gold futures closed at Rs 78,030 per 10 grams on October 21, 2024, showing a 0.36 percent jump from the previous day.

Gold price rate varied city-wise on October 21, 2024.

Gold price in Delhi

The price of 24-carat gold in Delhi on October 21, 2024 was Rs 77,490, while the gold rate for 22-carat was Rs 73,800. The Delhi rate was 0.00 percent higher on October 21, 2024.

Gold price in Mumbai

In Mumbai, 24-carat gold was Rs 77,490, while 22-carat was Rs 73,800. The Mumbai rate was 0.68 percent higher.

Gold price in Chennai

In Chennai, 24-carat gold cost was 0.83 percent higher at Rs 76,650, and 22-carat gold traded at Rs 73,000.

Gold price in Bengaluru

In Bengaluru, 24-carat gold cost Rs 77,860, and 22-carat gold was Rs 74,150. The Bengaluru rate was 0.82 percent higher.

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

Outlook

In the second quarter of 2024, gold demand decreased by 6 percent to 929 tonnes, driven primarily by a decline in jewellery consumption.

World Gold Council notes technology use of gold also increased during this period.

US elections, which are to be held in November, and geopolitical uncertainties can also affect gold prices.