Overview
- December gold futures on MCX fell ₹3,232 intraday to ₹117,789 per 10 grams, while silver slid ₹3,825 to ₹139,306 per kilogram.
- Domestic retail benchmarks also eased, with IBJA quoting 24-carat gold near ₹1,19,164 per 10 grams and silver opening around ₹1,43,400 per kilogram.
- Trading on MCX started late due to a reported technical issue, and bullion prices plunged once the session opened.
- In global trade, gold slipped back below $4,000 per ounce and silver fell about 4%, according to PL Capital.
- Market commentary flags scope for a short-term drop toward roughly ₹1.15 lakh per 10 grams, even as central-bank buying underpins a constructive long-term view.