MCX Gold Drops ₹3,369 to ₹1,45,927, Extending the 18 Jun Slide as COMEX Plunges Over 5%

MCX Gold has fallen ₹3,369, or 2.26%, from ₹1,49,296 to ₹1,45,927 per 10g since the 18 Jun, 09:20 pm IST flash, extending the reversal that had already wiped out the 17 Jun recovery to ₹1,53,970. The primary driver is a sharp COMEX Gold decline of 5.00%, with the benchmark sliding from $4,358.9 to $4,140.9 per ounce. A firmer rupee, with USD/INR moving down to 94.46 from 94.86, has provided a partial offset, limiting the MCX loss relative to the dollar move. Silver on MCX is also down 3.83%, confirming broad precious-metal pressure rather than a gold-specific event. Watch: ₹1,45,000 as the next key support level on MCX Gold.