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Commodities

MCX Gold Prices Plummet Amid Weak Demand

Guavy AI Editorial Team
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Gold
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Gold futures on the Multi Commodity Exchange (MCX) fell to Rs 1,50,106 per 10 grams due to weak spot demand. The price drop was significant, with a decline of Rs 3,171 or 2.07% for December delivery contracts.

The weaker spot demand is cited as the reason for the fall in gold prices. Global gold futures also decreased by 2.37% in New York.

On Monday, September 28, gold prices dropped to Rs 1,50,106 per 10 grams in futures trade amid a fall in spot demand. This decline was not limited to India as global gold futures declined by 2.37% to USD 4,183.18 per ounce in New York.

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