New Delhi: Gold futures prices continued to show volatility, with rates declining to ₹75,751 per 10 grams as of Thursday on the Multi Commodity Exchange (MCX). This marks a slight dip from earlier in the week when gold prices fluctuated significantly, reflecting global trends and domestic market conditions. The ongoing decline is attributed to muted demand following the festive season and stabilizing geopolitical tensions, which had previously driven a price rally.
The December contract recorded a 0.18% drop, influenced by a combination of weak international cues and reduced investor interest in safe-haven assets. Global spot gold prices also witnessed a marginal decline, trading at $2,626 per ounce amid a stronger U.S. dollar and easing geopolitical uncertainties. Analysts suggest that gold’s bearish trend may continue if global economic indicators, including interest rates and inflation data, remain unfavorable.
Domestically, gold prices peaked earlier this month at ₹81,500 per 10 grams during heightened demand but have since tapered off. While short-term corrections are expected, analysts anticipate a potential rebound depending on international market shifts and renewed safe-haven demand.
Web Team C6N
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