MCX Gold Futures Plummet ₹208 Amid Weak Spot Demand

Gold futures prices fell by ₹208 to ₹1,54,252 on the MCX exchange due to weak demand in the spot market. This decline comes amidst a backdrop of steady global economic growth and low inflation expectations. The price drop is attributed to reduced buying interest among investors.

The gold futures contract for delivery on March 30 witnessed selling pressure, leading to a decrease in prices. This selling was driven by participants who took advantage of the lower prices to offload their positions.