Gold Price Expectations 2024

Gold Price Expectations 2024. Meanwhile, the “wealth effect” of rising incomes in emerging markets is driving consumer demand for gold,. Gold rates on the mcs was up by 0.35% or ₹ 242, trading at ₹ 68,428 for 10 grams, while silver gained even more at 0.66% or ₹ 538, trading at ₹ 81,909 per kg.

Strong retail demand for gold could propel the metal’s price higher. After rising 14.6% in 2023, gold prices continued to soar through the first half of 2024 as gold bugs drove the price of the yellow metal up another 12.2%.