Gold Prices Plummet Amid Weak Demand, Global Decline
Gold futures in India plummeted to Rs 1,52,500 per 10 grams on September 23 due to weak spot demand. The Multi Commodity Exchange (MCX) saw a decline of Rs 216, or 0.14%, in the price of gold contracts for October delivery.
The global market also experienced a decline, with gold futures falling by 0.65% to USD 4,332.32 per ounce in New York.