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Gold and silver prices saw a significant decline in the domestic futures market, breaking their recent upward trend.MCX Gold fell to Rs 1,50,270 and Silver to Rs 2,24,684, with retail rates for 24K and 22K gold also dropping.
Gold prices in India saw a drop on Monday, October 12, as profit booking and a stronger US dollar put pressure on precious metals. On the MCX, gold fell to roughly ₹1.50 lakh, while silver was trading close to ₹2.25 lakh, as investors keep a close eye on global economic signals, US inflation data, and expectations…
Buyers should also remember that futures prices are not the same as the final retail price charged by jewellers