Gold prices 1.28% higher at Rs 76,529 on Nov 21: MCX data

Gold prices 1.28% higher at Rs 76,529 on Nov 21: MCX data

On November 21, gold closed at Rs 76529.00, a 1.28 percent increase from the previous day, according to MCX.

The spot market has seen a 21.28 percent rise in gold prices since the start of the year.

Additionally, gold prices are up by 25.17 percent year-over-year, based on Moneycontrol's analysis.

Gold prices were below the Rs 79,362 mark set on October 30.

Gold futures closed at Rs 76,533 per 10 grams on November 21, showing a 0.66 percent jump from the previous day.

Gold price rate varied city-wise on November 21.

Gold price in Delhi

The price of 24-carat gold in Delhi on November 21 was Rs 76.070, while the gold rate for 22-carat was Rs 72,450. The Delhi rate was 0.41 percent higher on November 21.

Gold price in Mumbai

In Mumbai, 24-carat gold was Rs 75,860, while 22-carat was Rs 72,250. The Mumbai rate was 0.41 percent higher.

Gold price in Chennai

In Chennai, 24-carat gold cost was 0.41 percent higher at Rs 75,020, and 22-carat gold traded at Rs 71,450.

Gold price in Bengaluru

In Bengaluru, 24-carat gold cost Rs 76,230, and 22-carat gold was Rs 72,600. The Bengaluru rate was 0.41 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.