Gold prices fall on India’s MCX, with one report describing gold sliding to a one-year low and trading below ₹1,42,000 per 10 grams. Silver declines more sharply, dropping to the ₹1,79,000 per kg range in one account, reflecting a stronger selloff in the metal than in gold.
Several outlets link the move to broader market weakness in COMEX gold, saying MCX gold is tracking international price declines while holding up better than MCX silver. The coverage also frames the near-term outlook as cautious, emphasizing that the downside pressure is stronger for silver than for gold. Across the reports, the main commonality is the scale of the drop on MCX—gold down by several thousand rupees per 10 grams and silver down by several thousand rupees per kg—alongside the attribution to COMEX weakness.
