Gold Price Today: MCX gold drops 6% on profit booking amid dollar strength
We begin with the biggest market move today. MCX gold futures fell sharply, down about 6% on profit booking and a stronger U.S. dollar. This caught many traders by surprise and pushed gold prices lower on the Multi-Commodity Exchange. Gold matters. It is a key asset for millions of investors in India and around the world. It’s used as a hedge during uncertainty. It is also an inflation hedge and a safe‑haven asset. So, when gold prices swing, markets watch closely.
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