Commodities

Gold Prices Plummet by Rs 818 on Weaker Spot Demand

Guavy AI Editorial Team Published July 31, 2026

Instruments

Gold

Gold prices fell on Friday by Rs 818 to Rs 1,44,022 per 10 grams in futures trade due to weaker spot demand. On the Multi Commodity Exchange, gold contracts for October delivery traded lower by 0.56% at Rs 1,44,022 per 10 grams in a business turnover of 683 lots.

The decline in precious metal prices was attributed to a fall in spot demand. Globally, gold futures were trading down 0.69% at USD 4,075 per ounce in New York.

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Disclaimer: Guavy is a data and market intelligence provider, not an investment advisor. The information, signals, and market analysis provided by the Guavy API and related services are for informational purposes only and are not intended as financial advice, investment recommendations, or an endorsement of any particular trading strategy. Trading in volatile markets, including cryptocurrency, carries significant risk and may not be suitable for all investors. Past performance is not indicative of future results. Users should consult with a qualified financial professional before making any investment decisions. Guavy makes no guarantee of trading profits or financial returns.

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