Gold Futures Decline to ₹1.61 Lakh/10g on Strong Dollar, Rising Crude

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Gold Futures Plunge to Rs 1.61 Lakh/10g on Firm Dollar, Surging Crude

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News18•12-03-2026, 14:45

Gold Futures Plunge to Rs 1.61 Lakh/10g on Firm Dollar, Surging Crude

•Gold futures fell by Rs 38 to Rs 1,61,751 per 10 grams for April delivery on MCX.
•Surging oil prices heightened inflationary risks, reducing the likelihood of US Federal Reserve interest rate cuts.
•A firm US dollar index (up 0.18% at 99.41) and rising US Treasury yields weighed on bullion prices.
•Overseas, Comex gold for April delivery also slipped by USD 6.17 to USD 5,170.29 per ounce.
•Experts predict MCX gold futures may further drop to Rs 1,60,500 per 10 grams.

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