India, March 23 -- Gold prices witnessed a sharp decline on Monday, falling Rs 8,089 to Rs 1.36 lakh per 10 grams in futures trade, tracking a global selloff driven by rising inflation concerns and a strong US dollar.
On the Multi Commodity Exchange (MCX), gold contracts for April delivery dropped by Rs 8,089, or 5.6 per cent, to Rs 1,36,403 per 10 grams.
The fall comes after a steep decline last week as well, when gold prices had dropped Rs 13,974, or 8.82 per cent, to settle around Rs 1.44 lakh per 10 grams on the commodities exchange.
Published by HT Digital Content Services with permission from Dion Global Solutions Limited....