Gold prices on the MCX opened sharply lower in Wednesday’s evening session, with the December futures contract starting at ₹124,423 per 10 grams and sliding further to ₹120,575, their lowest level since October 10, marking a 6% drop from the previous close.
Meanwhile, spot gold prices also extended their decline on Wednesday, falling over 2% to below $4,007 per ounce, resulting in a cumulative two-day drop of around 8%. They are currently at their lowest level since October 13.
