Gold MCX Rate Today: Price Drops 2.76% to $4368.02

Gold prices on the Multi Commodity Exchange (MCX) experienced a significant decline Tuesday morning, with the spot price reaching USD 4368.02 per ounce at 9:30 am. This represents a drop of USD 124.73, equivalent to 2.76 percent, according to market data.

The price of Gold in MCX currently stands at 1,39,482.00, as reported by 5paisa.

Trading Economics reports that gold traded near $4,400 per ounce on Tuesday, with fluctuations driven by ongoing uncertainty in the Middle East. The volatility in the market suggests sensitivity to geopolitical developments.

Moneycontrol.com provides live updates on gold rates in India, tracking the bullion stock quote and MCX price. The site also offers price charts and information on lot sizes for gold trading.

The MCX spot market price is captured at designated basis centers for each commodity, though physical market closures have impacted spot pricing for Gold and Gold Mini contracts, according to MCX India.