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Commodities

Gold Prices Plummet on MCX Amid Weaker Spot Demand

Guavy AI Editorial Team
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Gold
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Gold prices on the Multi Commodity Exchange (MCX) declined by ₹1,213 to ₹1,41,850 per 10 grams in futures trade due to weaker spot demand. This represents a 0.85% decrease from the previous price. The August delivery contracts traded lower with a business turnover of 759 lots.

Globally, gold futures also declined by 0.85% to $4,041.42 per ounce in New York, mirroring the trend seen in Indian markets. Analysts attributed the decline in precious metal prices to weaker spot demand.

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