Gold prices in India fell on Monday, with rates dropping on the Multi Commodity Exchange (MCX) and in retail markets [1], [2].
This volatility comes as investors react to potential economic shifts, including market responses to the Union Budget 2026. The sharp price swings reflect a period of heavy selling that has created a wide gap between different trading platforms [2].
In the Delhi retail market, the price of 24-carat gold fell to ₹159,200 per 10 g [1]. Despite the daily dip, some reports indicate a weekly increase of ₹2,130 for 24-carat gold [1]. Meanwhile, 22-carat gold was reported at ₹1,950 per 10 g [1].
Trading on the MCX showed a more aggressive decline. The price of 24-carat gold on the exchange fell to ₹136,185 per 10 g [2]. This represents a steep drop from the Sunday opening price of ₹146,800 per 10 g [2].
The disparity between the Delhi retail price and the MCX rate highlights the current instability in the market. While the retail sector maintains higher valuations, the exchange reflects a sharper downward trend, a common occurrence during periods of high selling pressure [2].
“Gold prices in India fell on Monday”
The divergence between retail prices in Delhi and the MCX exchange rates suggests a fragmented market reaction to the Union Budget 2026. While the long-term weekly trend showed slight growth, the immediate crash on the MCX indicates that institutional traders are offloading assets more rapidly than retail consumers, signaling a short-term bearish outlook for precious metals in India.
