Gold Prices Fall on Weaker Spot Demand
Gold prices on the Multi Commodity Exchange (MCE) declined by Rs 409 to Rs 1,53,057 per 10 grams for October delivery. This decrease represents a drop of 0.27% in the precious metal's value. The business turnover was 2,732 lots.
The decline in gold prices can be attributed to weaker spot demand. Analysts pointed out that this is the reason behind the fall in precious metal prices.