MCX gold slips below Rs 1.45 lakh per 10g, signalling volatile jewellery input costs
MCX gold August futures fell 0.31% to Rs 1,44,963 per 10 grams, while silver September futures declined 0.23%. The pullback follows a 3% two-day gold rally, keeping pricing and consumer demand conditions volatile for Indian jewellers.
MCX gold fell below Rs 1.45 lakh per 10 grams and silver declined as Red Sea tensions escalated. Global gold remained supported by dip-buying, creating near-term input-cost and demand implications for Indian jewellery retailers.
Why this matters
No related recent MCX signals are listed; the pullback follows a 3% two-day gold rally, sustaining volatile jewellery input-cost conditions.
Retail-brand signals are accelerating, up 344300% QoQ.