Negative impactOrders & Deals
Gold and silver prices crash up to 2% on MCX- What is driving this selloff?
Mint 1 hr ago·31 Aug 2026, 3:45 am
Gold and silver futures on the Multi Commodity Exchange (MCX) experienced a sharp decline on Monday, with prices falling by nearly 2% in early trading. The selling pressure was evident across both precious metals, as the October gold contract dropped to around ₹1.53 lakh per 10 grams, while the September silver contract slipped to roughly ₹2.32 lakh per kg.
This sudden selloff is likely driven by a combination of factors, including a strengthening US dollar and a shift in investor sentiment away from safe-haven assets. For retail investors, such sharp corrections can be unsettling, but they are a normal part of market volatility. It is important to remember that these moves are often driven by global cues rather than domestic factors.
Investors should keep a close watch on global economic data and the movement of the US dollar. Any further signs of weakness in the rupee or a change in global risk appetite could trigger more volatility in the precious metals market. Patience and a long-term perspective are key during such periods.
Excerpt from Mint
MCX gold October futures crashed by more than ₹ 2,600, or almost 2%, to drop to ₹ 1,53,640 per 10 grams, while MCX silver September contracts plunged by over ₹ 4,200, or nearly 2%, to ₹ 2,32,501 per kg in early deals. Gold and silver prices crashed by up to 2% in morning deals on the MCX on Monday, 31 August, due to…Read the original at Mint
Affected stocks
Bearish1 stock
Bull / bear label is derived from the article's AI sentiment — indicative, not advice. Prices may be delayed.
Key takeaways
- Concerns Multi Commodity Exchange of India (MCX).
- Category: Orders & Deals.
- AI reads the tone as negative (potentially bearish) for the stock.
- Assessed as a significant, market-relevant update.
Why it matters
A meaningful update for Multi Commodity Exchange of India worth tracking. The tone is negative — watch for downside reaction. Use the price and stock snapshot to gauge how the market is responding.
