Gold prices on November 25 decreased by 1.33% and closed at Rs 76,487, as per MCX data.
Despite a significant increase in gold's spot market value year-to-date, prices remain below the peak of Rs 79,362 reached on October 30, 2024.
Gold demand in the second quarter of 2024 decreased by 6%, primarily due to reduced appetite from the jewellery sector. This reflects the market's ongoing fluctuations as consumer preferences change.