Explore the top 7 countries' gold prices on September 25, 2024, including the U.S., UK, India, and China. Learn about the trends driving global gold markets.
By: MNK Trends
Saudi Arabia: Saudi Arabia saw gold prices at SAR 9,975 per ounce, as high oil revenues fuel strong local investment in gold.
Eurozone (Europe): Gold reached €2,370.45 per ounce across the Eurozone, as geopolitical tensions and central bank policies drive sustained demand across Europe.
United Kingdom: Gold traded at £1,980.50 per ounce in the UK, with ongoing economic instability and post-Brexit concerns continuing to support demand for safe-haven assets.
Canada: In Canada, gold prices rose to CA$3,576.70 per ounce, reflecting the global rally in gold as a hedge against market volatility and a weakening Canadian dollar.
China: Gold prices in China reached CN¥18,700.50 per ounce, reflecting the country's ongoing accumulation of gold reserves amidst U.S. dollar concerns.
India: In India, gold surged to ₹222,500 per ounce, supported by strong festival season demand and global gold price increases.
United States: Gold hit $2,687.30 per ounce, continuing its upward trend driven by inflation fears and economic uncertainty following the Federal Reserve's interest rate cuts.
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