Gold Prices Today: MCX Falls Below Rs 1.5 Lakh as Tanishq, Kalyan Cut 22K Rates
Gold prices slipped across India on Monday, with June futures on the Multi Commodity Exchange shedding almost 1% early on. Leading jewellers also lowered 22-carat retail tags. A stronger dollar and tensions in the Middle East rattled the market, pushing spot prices down. The recent pullback is showing up on store shelves following the sharp surge in FY26, when MCX gold jumped 67% and silver soared 142.2%. Steep prices have already steered many Indian consumers away from jewellery, pushing them toward bars, coins, and exchange-traded funds instead. The World Gold Council now expects 2026 demand could drop to 600-700 tonnes, as slack jewellery buying drags on gains from stronger investment interest.