Gold and Silver Futures Plunge Amid Technical Glitch and Market Dynamics
Gold and silver futures have seen a decline for the third consecutive session. Despite a technical glitch causing a delayed start in MCX trading, prices dropped amid positive US-China trade talks and anticipation of a Federal Reserve policy decision. Both metals have seen significant price decreases since October 17.
- Country:
- India
Gold and silver futures declined for the third straight session on Tuesday as the MCX experienced a delay in trading due to a technical issue.
The Multi-Commodity Exchange (MCX) clarified that trading commenced at 1.25 p.m. after shifting operations to their Disaster Recovery site.
Gold prices have fallen, with the December contract down Rs 2,214 and the February 2026 contract down Rs 2,650. Silver futures for December delivery also decreased by Rs 2,181. This decline coincides with developments in US-China trade talks and an anticipated Federal Reserve policy decision.
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