Fresh Record Gold Prices Hit Physical Demand Again

Gold Price News By Adrian Ash – Tuesday 24th September 2024

GOLD rose to fresh all-time highs against most major currencies during Asian trade Tuesday, peaking within 15 cents of $2640 per Troy ounce and hitting demand in the physical markets still further after the People's Bank of China announced a raft of monetary stimulus for the world's 2nd largest economy and No.1 gold consumer.

Gold in Shanghai hit ¥593 per gram, up 23.7% in 2024 so far, while gold bullion for London settlement reached €2374 per ounce, up 27.3% since last New Year's Eve.

BullionVault is the world's largest online marketplace for gold, silver, platinum and palladium. Launched in 2005 and now caring for $4.1 billion of precious metal for over 100,000 users from 175 countries, it enables private investors to access the low costs, deep liquidity and ultra-high security of the wholesale bullion market.

A full member of professional trade body the London Bullion Market Association (LBMA) since 2008, BullionVault was chosen in 2017 as online vaulted bullion partner of the mining-industry backed World Platinum Investment Council. BullionVault in 2022 won a third Queen's Award for Enterprise, this time for International Sales.

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