Gold Futures Slide on Weak Spot Demand

Gold futures experienced a slight decline on the Multi Commodity Exchange (MCX), falling by Rs 16 to Rs 1,49,300 per 10 grams. The drop was attributed to weaker spot demand for the precious metal. The decline came amid a business turnover of 1,281 lots for December delivery contracts.

Globally, gold futures also saw a decrease, trading at USD 4,131.19 per ounce in New York, marking a 0.20% drop. Analysts pointed to the weaker spot demand as the primary reason behind the fall in gold prices.

The decline in gold prices was reported on Tuesday, October 6, 2026, as per the latest market updates. The drop in both domestic and international markets highlights the sensitivity of gold prices to shifts in spot demand.