Gold Prices Slip Below ₹152,000 on MCX Amid Profit Booking
The precious metals market has cooled off slightly after a recent surge in prices. On September 5, 2026, gold futures on the Multi Commodity Exchange (MCX) fell to ₹1,52,815 per 10 grams for 24-carat variants, marking a modest loss.
Traders at bullion hubs report subdued retail footfall as customers take a cautious approach before making any major purchases. The subdued atmosphere is attributed to shifting international cues and profit-booking by institutional players.
Market analysts point out that the correction is not alarming, given the underlying support from macroeconomic uncertainties and currency fluctuations. Long-term investors continue to accumulate physical assets in tranches, with local jewellers noting that retail buyers are hesitant to commit large volumes immediately following a record-breaking week.