MCX Gold Falls 0.76% as Recovery Stalls

WHAT HAPPENED MCX Gold retreated to 153710 INR/10g at 12:11 pm IST, losing 0.76% from the previous close. The pullback interrupts the metal's recovery that had pushed it to 154680 INR/10g at 10:14 am IST (+1.03%). Silver mirrors weakness at 235578 INR/kg (−0.95%), while the USD/INR at 95.39 remains steady. Copper and natural gas also decline, signalling broader risk-off sentiment across the MCX complex.

WHAT IT MEANS The intraday reversal below 154k tests whether the safe-haven recovery seen earlier has structural support or was profit-taking-driven. For futures traders, this 980-point pullback from the morning high narrows the trading band and raises questions about near-term directional conviction ahead of the psychologically significant 155000 level that was recently breached.

WHAT TO WATCH Monitor the 152000–153000 support zone. A break below 153500 would signal deeper correction; hold above it to confirm the uptrend remains intact despite this pullback.