Commodities
Gold Prices Plummet on MCX Amid Escalating Middle East Tensions
Gold prices on MCX declined due to escalating Middle East tensions and a stronger US dollar. The September 14 session was marked by volatility, as bullion faced pressure from multiple directions.
The US Consumer Price Index (CPI) rose 3.4% in August, weighing on gold ahead of the Federal Reserve's policy meeting this month.
Gold futures for the October contract fell 1.38% to Rs 150,673 per 10 grams on MCX, while silver futures for the December contract declined 1.95% to Rs 230,400 per kilogram from its previous close.