Gold futures for December delivery on the Multi Commodity Exchange (MCX) slipped on the trading session, falling ₹511 or 0.42% to close at ₹1,22,540 per 10 grams. The move came on a business turnover of 10,456 lots.
Price movement at a glance
The modest drop in December contracts reflects a short-term pullback after recent strength in bullion. While the change was not large in percentage terms, it trimmed gains and signalled cautious positioning among traders.
Trading activity
- Contract: Gold futures, December delivery
- Close: ₹1,22,540 per 10 grams
- Change: Down ₹511 (0.42%)
- Turnover: 10,456 lots
What this means for market participants
For investors, the dip may present short-term trading opportunities or a chance to reassess exposure to precious metals. Jewellery buyers could see a slight easing in prices if the trend continues, while producers and traders will watch liquidity and order flow closely.
Key factors to watch
- Global bullion trends and safe-haven demand
- Movements in the US dollar and real yields
- Domestic physical demand and seasonal buying patterns
- Central bank policy cues and macroeconomic data
Market participants will likely monitor these indicators to gauge whether the current dip is temporary or the start of a broader correction in gold prices.