BusinessGold Prices Drop Over Rs 3,000 Below Rs 1,50,000 on MCX
Gold prices on the MCX fell sharply on September 28, slipping below Rs 1,50,000 due to rising oil prices and expectations of further US Federal Reserve interest rate hikes. The October gold futures traded at Rs 1,47,989 per 10 grams, down 1.92% from the previous close. This marks the biggest daily decline since September 1, influenced by inflation concerns and geopolitical tensions in the Middle East.
NDTV Business·3h ago