Gold closed 0.72% higher on September 25 at Rs 75,029: MCX Data

Gold traded at Rs 75029.00 on September 25, 2024, 0.72 percent higher compared with the previous day, according to data released by MCX.

The yellow metal has been trading at 18.9 percent, higher compared to the start of the year, in the spot market.

It was trading 27.81 percent higher from the previous year as well, as per Moneycontrol analysis.

The commodity is touching new highs for the last four days.

For gold futures expiring on October 4, 2024, the closing price was Rs 75265 per 10 grams on September 25, 2024, representing a 0.33 percent jump from the previous day.

Gold price rate varied city-wise on September 25, 2024.

Gold price in Mumbai

The price of 24-carat gold in Mumbai on September 25, 2024 was Rs 75080.00, while the gold rate for 22-carat was Rs 71500.00. The price was 0.85 percent higher, compared with the previous day.

Gold price in Delhi

In Delhi, 24-carat gold was Rs 75180.00, while 22-carat was Rs 71600.00. The cost of gold in Delhi was 1.13 percent higher for 24-carat compared with the previous day.

Gold price in Chennai

In Chennai, 24-carat gold cost Rs 74130.00, 0.86 percent higher compared with the previous day. And, 22-carat gold traded at Rs 70600.00.

Gold price in Bengaluru

In Bengaluru, 24-carat gold cost Rs 75290.00 and 22-carat gold was Rs 71700.00. Price was 0.84 percent higher from the previous day.

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

Outlook

Demand for the commodity dipped 6 percent to 929 tonnes in the second quarter of 2024, led by a sharp decline in the jewellery segment.

As per the World Gold Council’s report, central bank gold buying was 6 percent higher at 183 tonnes.

The organisation noted that US elections are also likely to impact gold.“Elections have not, historically, had a significant or immediate effect on gold's performance, but regardless of the winning candidate, near-term geopolitical risks remain high and may serve as a catalyst for gold,” said WGC.