6
Gold August future contracts on the Multi Commodity Exchange (MCX) fell for the third consecutive session on Monday, dropping by nearly Rs 2,900 per 10 grams, according to the Economic Times.
The precious metal had reached a multi-month high last week but opened Monday’s session lower by Rs 703, or 0.72%, at Rs 96,333 per 10 grams, as investors engaged in strong profit booking.
Advertisements
In contrast, silver July futures remained resilient, trading near record highs. The white metal touched an all-time peak of Rs 1,05,460 per kilogram during early trading but eased slightly to Rs 1,05,183 per kilogram thereafter.
Advertisements
The divergent trends highlight ongoing market volatility as investors weigh profit-taking against bullish momentum in precious metals.
Advertisements
