Commodities
Indian Gold Prices Slide 4 Sessions, Down INR 5,318
Gold prices in India have been under pressure for four consecutive trading sessions, with losses amounting to INR 5,318 or 3.25% on the Multi Commodity Exchange (MCX) since Monday.
The MCX gold futures for October delivery declined by INR 896, or 0.56%, to trade at INR 1,58,100 per 10 grams on Friday.
Gold prices have fallen as much as 0.68% or INR 1,085 to touch an intraday low of INR 1,57,911 per 10 grams during the session.
In the international market, spot gold declined 0.5% to $4,576.30 an ounce after touching a more than three-month high earlier this week.