Gold Prices Plunge Today: Uncover the Extent of the Decline

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Gold Prices Plunge: MCX Sees Sharp Drop Amid Market Uptick

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CNBC Awaaz•05-03-2026, 23:58

Gold Prices Plunge: MCX Sees Sharp Drop Amid Market Uptick

•Gold futures on MCX fell 1.3%, dropping over 2,000 rupees per 10 grams to 159,500 rupees.
•Prices declined over 3,600 rupees from their day's high of 163,142 rupees.
•Silver also saw a sharp 1.7% fall, losing 4,400 rupees per kg to reach 257,000 rupees.
•Domestic stock markets (Sensex, Nifty) surged, indicating increased investor risk appetite, which pressured precious metals.
•Despite the fall, gold's long-term sentiment remains positive due to Middle East conflict and central bank buying.

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