MCX Gold Futures Drop Amid Weaker Spot Demand
Gold prices on Monday dropped due to weaker spot demand in the market. The MCX gold futures fell by Rs 2,045 to Rs 1,54,236 per 10 grams.
The decline is attributed to a fall in global gold prices, which also decreased by 0.51% in New York to USD 4,432.51 per ounce.
Analysts pointed out that the weaker spot demand led to this decline in precious metal prices on the Multi Commodity Exchange.