Gold prices on India’s MCX fall for a fifth straight session on Wednesday. NDTV reports MCX gold declines by about Rs 1,579 (around 1.04%) to Rs 1,50,150 per 10 grams, extending the downward trend. Another report notes the drop is roughly Rs 1,600, taking prices to around the Rs 1,50,000 level.
The decline is attributed to external factors affecting global metal prices. NDTV cites rising US Treasury yields and a stronger US dollar as key drivers. Expectations of further rate hikes by the US Federal Reserve are also described as weighing on sentiment and contributing to the fall in gold futures. Across the covered items, the focus remains on how US monetary policy expectations and currency/yield movements influence MCX gold trading.
