MCX Gold Prices Hit Record ₹1 Lakh in India | Why Gold Prices in India Soared Past ₹1 Lakh for the First Time

MCX Gold Prices Hit Record ₹1 Lakh in India | Why Gold Prices in India Soared Past ₹1 Lakh for the First Time

Discover why gold prices in India crossed ₹1 lakh per 10 grams on MCX for the first time. Learn about global tensions, a weak rupee, and US economic trends driving this historic rise. Domestic mcx gold futures jumped 2.2% to touch ₹1,00,403 per 10 grams in early trade. This psychological milestone reflects both domestic currency weakness and strong overseas cues.

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Gold ETFs Take a Breather in May with Small Outflows

Gold ETFs

Gold exchange-traded funds (ETFs) saw a slight shift in May, with investors pulling out a small amount of money for the first time in five months. After a big surge in April, this slowdown shows investors are cashing in on profits. Let’s break down what happened and why gold ETFs are still worth watching.

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Understanding Key Price Levels for MCX Gold, Is gold expected to cross Rs 99,500?

Gold

Gold trading on the Multi Commodity Exchange (MCX) can be exciting but tricky. To make smarter trading decisions, it’s important to know the key price levels that could signal where gold prices might head next. Right now, two critical levels for MCX Gold are ₹99,500 (upward) and ₹96,000 (downward). These levels could determine whether the current price pattern continues or changes.

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