Gold Plummets Over ₹2,600 on MCX as Investors Lock in Profits

Gold prices on MCX saw a sharp decline on Monday morning as investors locked in recent profits and global market trends remained weak. The October futures contract fell by almost 2% to ₹153,640 per 10gm, representing a drop of over ₹2,600.

Silver September contracts also took a hit, falling by a similar margin (over ₹4,200) to ₹232,501 per kilogram. This sudden dip in prices is a reminder that precious metals can be sensitive to investor moves and global trends.

As trading continues through the day, more updates are expected. Investors should remain cautious and aware of how quickly prices can swing when people cash out or markets become shaky.