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MCX gold falls 2.5% for the week and 7.9% in October

AI Market Summary
Gold's 7.9% October collapse on MCX and a 3.6% slide to $3,876/oz mark the metal's worst October since 2008, with the move amplified by rising crude prices muddying the inflation outlook and delaying rate-cut expectations. The break below recent support undermines the 2025 bull trend and signals continued near-term downside risk, while silver's slide to yearly lows confirms broad precious-metals liquidation ahead of the festive demand window.
Impact level
● High
Affected assets
NCCOGOLD2USD/USDT-2.40%
AI Insight · NCCOGOLD2USD/USDTAI Insight
▼ Bearish
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MCX gold futures fell 7.9% in October. The contracts closed at ₹138,419 per 10 gram. International gold prices fell as low as $3,876.39 an ounce.
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