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Domestic gold futures retreat after sharp single-day decline
MCX gold fell Rs 1,140 in a day as profit-taking, softer global cues, and a stronger dollar weighed, prompting markets to reassess near-term safe-haven demand and volatility.
Gold prices on MCX declined sharply, slipping Rs 1,140 in a single session as profit-taking emerged after recent highs. The move tracked softer global cues and a firmer dollar, while domestic futures reflected reduced safe-haven demand. Traders assessed near-term volatility amid shifting rate expectations, currency movements, and year-end positioning, with attention on global yields and geopolitical developments influencing bullion sentiment.