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Commodities

Gold Prices Plummet by Rs 530 on MCX Amid Weak Demand

Guavy AI Editorial Team
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Gold
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Gold futures on the Multi Commodity Exchange (MCX) plummeted by Rs 530 to Rs 1,50,700 per 10 grams on September 15 due to weak spot demand. This decline is in line with global gold prices, which fell by 0.22% in New York.

The spot demand for gold has been sluggish, contributing to the decrease in its prices. Analysts attribute this weakness in demand as the primary reason behind the decline in precious metal prices.

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