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Commodities

MCX Gold Futures Plummet Amid Weak Spot Demand

Guavy AI Editorial Team
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Gold
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Gold futures on MCX fell by Rs 636 to Rs 1,53,626 per 10 grams due to weak spot demand. This decline was seen in the contracts for October delivery, which traded lower by Rs 636, or 0.41%, at Rs 1,53,626 per 10 grams in a business turnover of 837 lots.

Analysts attributed the fall in gold prices to low demand for the precious metal. On the global front, gold futures rose slightly by 0.10% to USD 4,338.74 per ounce in New York.

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