GENERAL2 Sept 2026
MCX gold sinks below ₹1.5L, marks 7-day losing streak
Gold prices on MCX broke below ₹1.50 lakh, slipping 1.3% to ₹1,49,665 per 10 grams. This marks the seventh straight session of losses and the lowest level in over three weeks, erasing most of August's gains. A stronger US dollar and Middle East tensions have raised expectations of a Federal Reserve rate hike, hurting the safe-haven metal.
Key Statutory Highlights
- MCX gold fell 1.3% to ₹1,49,665, marking a seven-day losing streak and its lowest in over three weeks.
- A stronger US dollar, Middle East tensions, and potential Fed rate hike are pressuring gold prices.
- Gold has cumulatively dropped ₹13,564 per 10 grams over the last six trading sessions.
Actionable Advice for Taxpayers / Founders:If you hold gold investments, avoid panic-selling; consult a financial advisor to review your portfolio before making any decision.
Statutory Disclaimer: TaxQue Shorts are AI-assisted editorial briefs for compliance awareness. This brief passed the displayed source checks. This does not constitute formal legal or CA counsel.
TaxQue News Desk
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