Gold and silver MCX Gold prices extended their decline on Monday as renewed concerns over delayed US Federal Reserve rate cuts dented investor sentiment. December gold futures on MCX slipped by ₹1,812 or 1.47%, trading near ₹1,21,115 per 10 grams.
The pullback comes as stronger-than-expected US economic data raised doubts over early monetary easing. With yields staying firm and the dollar strengthening, demand for bullion has seen a temporary cool-off.
Analysts expect gold to remain volatile this week as global markets await fresh cues from upcoming US economic releases. However, long-term fundamentals remain supportive due to geopolitical tensions and central bank buying.
