Commodities
MCX Gold Futures Price Falls Amid US Bond Yields, Crude Oil Prices Rise
On Tuesday, gold and silver futures prices fell on the Multi Commodity Exchange (MCX) amid higher US bond yields and elevated crude oil prices. The rise in inflation concerns due to the US-Iran conflict weighed heavily on the bullion market.
The yellow metal contracts for December delivery traded lower by Rs 137 or 0.09 per cent at Rs 1,48,760 per 10 grams. For the October delivery, gold futures were trading at 1,46,640 down by Rs 164.00 or 0.11 per cent.