Gold Price Today Falls Over 1% on MCX as Fed Rate Cut Hopes Weaken

Gold prices dipped sharply on Monday, March 16, 2026, with rates falling by more than 1% on the Multi-Commodity Exchange of India (MCX). This move came as traders cut back hopes that the Federal Reserve would reduce interest rates soon. The shift has shaken bullish sentiment around gold.  We saw gold prices slide significantly during early deals, with April contracts dropping by over ₹1,800 per 10 grams. This decline reflects a broader shift in global markets where inflation worries and rate expectations are taking center stage.