Archive · 31 Aug 2026
Gold and Silver Prices Crash on MCX Amid Profit-Taking
Gold and silver became cheaper on the MCX during morning trading.
Both prices fell by almost 2 percent.
Gold futures lost more than ₹2,600 per 10 grams.
Silver futures lost more than ₹4,200 per kilogram.
Gold fell to ₹1,53,640 per 10 grams.
Silver fell to ₹2,32,501 per kilogram.
One reason was that traders were taking profits after earlier gains.
Another reason was that signals from global markets were weak.
Gold and silver prices fell by up to 2% in morning trading on the MCX.
MCX gold October futures dropped more than ₹2,600, or nearly 2%.
Gold futures reached ₹1,53,640 per 10 grams.
MCX silver September contracts declined more than ₹4,200, or nearly 2%.
The selloff was attributed to heavy profit-taking and weak global cues.
- Who
- Gold and silver futures traded on the Multi Commodity Exchange of India.
- What
- Gold and silver prices fell by up to 2% in morning deals.
- When
- Monday, 31 August.
- Where
- The Multi Commodity Exchange of India (MCX).
- Why
- Heavy profit-taking and weak global cues drove the selloff.
- Gold contract
- MCX October futures
- Gold decline
- More than ₹2,600, or nearly 2%
- Gold price
- ₹1,53,640 per 10 grams
- Silver contract
- MCX September contracts
- Silver decline
- More than ₹4,200, or nearly 2%
- Silver price
- ₹2,32,501 per kilogram
- Main drivers
- Heavy profit-taking and weak global cues