Gold prices fall, Oct. 28 -- The prices of gold dropped on India's Multi Commodity Exchange (MCX) on Monday. MCX Gold December futures dropped 0.78% to Rs.1,22,490 per 10 grams at 9:32 AM, while MCX Silver December contracts fell 1.07% to Rs.1,45,898 per kg.

According to data from the Indian Bullion Association (IBA), 24-carat gold was priced at Rs.1,22,590/10 gm at 9:40 AM on 27 October, and 22-carat gold was priced at Rs.1,12,374/10 gms.

Market analysts attribute the recent decline to profit-taking following a sharp rally. As the festive season demand eased and investors re-evaluate their risk exposure, gold's appeal as a safe-haven asset has seen a temporary dip.

Experts point out that, although the overall view is bullish, it is no...