Gold Price Today: Spot Market Jumps 0.46% – Why Is the Price Going Up?Gold Price Today: Spot Market Jumps 0.46% – Why Is the Price Going Up?

Gold Price Today: On September 24, 2024, gold prices increased by 0.46%, closing at Rs 74,492.00 according to MCX data, reflecting a notable rise in spot market value since the beginning of the year. Year-over-year, gold prices have surged by 26.45%. However, the second quarter of 2024 experienced a 6% drop in gold demand, primarily due to decreased interest in the jewellery sector. For gold futures expiring on October 4, 2024, the price stood at Rs 75,019.00 per 10 grams, marking a 1.01% increase from the previous day.

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Gold Price Today in Mumbai

In Mumbai on September 24, 2024, 24-carat gold was priced at Rs 74,450.00, while 22-carat gold cost Rs 70,900.00. The price for 24-carat gold in the financial capital rose by 0.28% compared to the prior day.

Gold Price Today in Delhi

In Delhi, the price for 24-carat gold was Rs 74,340.00, and 22-carat gold was priced at Rs 70,800.00.

Gold Price Today in Chennai

Chennai saw 24-carat gold trading at Rs 73,500.00, reflecting a 0.29% increase. Meanwhile, 22-carat gold was available for Rs 70,000.00.

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Gold Price Today in Bengaluru

In Bengaluru, 22-carat gold was priced at Rs 71,100.00, while 24-carat gold cost Rs 74,660.00, indicating a 0.28% increase. Central banks’ gold purchases rose in the last quarter, and factors such as the upcoming US elections and geopolitical risks may also influence gold prices moving forward.