1. Why did the MCX Gold Price fall today?

The MCX Gold Price fell due to a stronger US dollar and profit booking after recent record highs. Traders also adjusted positions ahead of key US economic data. Short term volatility triggered selling pressure.

2. Is this the right time to invest in gold after the price drop?

Many investors see such dips as buying opportunities for the long term. Gold is often used as a hedge against inflation and global uncertainty. However, short term traders should wait for stable support levels.

3. What is the support and resistance level for MCX Gold Price?

Immediate support is seen near ₹1,58,800, while resistance is around ₹1,62,500. A breakout above resistance may push prices higher. A break below support could lead to further correction.

4. Why did silver prices drop more than ₹1,000?

Silver is more volatile than gold because it has both industrial and investment demand. Profit booking and global growth concerns led to sharper selling. It often moves faster than gold in both directions.

5. Can MCX Gold Price reach ₹1,70,000 per 10 grams?

Analysts believe it is possible if global tensions rise and interest rates fall. Continued central bank buying and inflation worries may support higher levels. However, short term corrections are normal.

IN Stocks

MCX Gold Price Drops 0.60% to ₹1,60,615 per 10g; Silver Down Over ₹1,000

ByRubaisha February 24, 2026February 24, 2026

The MCX Gold Price today slipped by 0.60 percent and settled near ₹1,60,615 per 10 grams, after touching fresh highs earlier this week. At the same time, silver prices on MCX dropped sharply by more than ₹1,000 per kilogram, reflecting profit booking and global pressure.