MCX Gold Falls 2.5% in a Week Amid Rising Global Inflation Concerns

Gold Multi Commodity Exchange futures with December expiry posted a 2.5% weekly decline, while closing October down 7.9% at ₹1,38,419 per 10 gram.

International gold prices suffered their worst October decline since 2008, with bullion falling as much as 3.6% to $3,876.39 an ounce, the lowest since October 2025.

The sharp sell-off was driven by rising crude oil prices and inflation concerns that reaffirmed expectations of US interest rates remaining elevated.