Thu Nov 07 10:52:40 UTC 2024: ## Gold Prices Dip Slightly Amidst Geopolitical Uncertainty

**Mumbai, India** – Gold prices experienced a slight decline on November 6, 2024, closing at Rs 78,026 per 10 grams, representing a 1.46 percent decrease compared to the previous day’s trading session. Despite this dip, gold prices remain significantly higher year-over-year, experiencing a 29.61 percent surge.

The current price, however, is below the peak of Rs 79,362 reached on October 30, 2024. Gold futures expiring on December 5, 2024, traded at Rs 76,745 per 10 grams, down 2.24 percent from the previous day’s price.

City-wise variations in gold prices were also observed on November 6th. Mumbai saw 24-carat gold at Rs 78,280, while 22-carat gold was priced at Rs 74,550, both slightly higher than the previous day. In Delhi, 24-carat gold traded at Rs 78,380, and 22-carat at Rs 74,650, also experiencing a slight increase. Chennai witnessed 24-carat gold at Rs 77,330, and 22-carat at Rs 73,650, both up 0.13 percent. Bengaluru saw 22-carat gold at Rs 74,800, while 24-carat gold traded at Rs 78,540, a 0.13 percent increase.

Experts attribute the recent surge in gold prices to geopolitical uncertainties, capital flows driven by lower rates in developed economies, and a decline in central bank buying and technology demand at the beginning of the year.

For detailed city-wise gold prices, visit Moneycontrol’s gold page.

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