MCX Gold Slides ₹3,260 as COMEX Selloff Dominates

MCX Gold has dropped 2.14%, falling ₹3,260 from the previous close of ₹1,52,443 to ₹1,49,183 per 10g as of 10 Jun, 08:11 pm IST. The primary mechanical driver is a sharp 1.83% decline in COMEX Gold, which has retreated from $4,260 to $4,181.9 per oz. A partial cushion came from the rupee, which firmed 0.30% to ₹95.40 against the dollar, softening some of the dollar-denominated loss on conversion. MCX Silver and Copper also declined, confirming broad precious and base metal weakness rather than a gold-specific event. No prior BhaavBrief flash exists for this instrument, so this move initiates the current sequence. Watch: ₹1,48,500 as the next downside level to monitor.