Gold rate drops on MCX on profit booking amid weak global cues, increased CME precious metals margins

Gold price today: Gold rates declined sharply in morning trade on the MCX on Monday, February 2, as investors and traders continued booking profits, tracking weak global cues amid increases in CME precious metals margin requirements.

MCX gold April futures fell over 2% in opening deals to trade near 1,45,000 per 10 grams level, while MCX silver March contracts declined over 3% to trade near Rs 2,57,594 per kg.

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Disclaimer: This story is for educational purposes only. The views and recommendations expressed are those of individual analysts or broking firms, not Mint. We advise investors to consult with certified experts before making any investment decisions, as market conditions can change rapidly and circumstances may vary.

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