The bull market in gold is being driven by many forces, and it isn’t just speculative fervor that caused the latest drop.
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MCX gold rate today hit a low of ₹1,48,455 level, down by 3%. MCX silver price declined by ₹26,259, or 9.76%, to an intraday low of ₹2,42,591 per kilogram.
This trend is particularly evident in silver contracts, where the liquidation of positions is exerting further pressure on prices and increasing intraday swings. The Multi Commodity Exchange (MCX) has ...