MCX Gold Futures Rebound 2% Amid Profit-Taking, Volatility Ahead

Gold futures on the Multi Commodity Exchange (MCX) ended the week at Rs 1.54 lakh per 10 grams, a nearly 2% gain from the previous week's close.

This upward movement follows a notable rally throughout August, where prices climbed approximately 9.5% before encountering some resistance.

Analysts note that after such a steep rise in a short period, gold is prone to short-term price adjustments and may see increased volatility due to upcoming US economic data releases and ongoing Middle East tensions.