Gold Rate Today: MCX Gold Prices Slip on Profit Booking as Strong Dollar Weighs
Gold Price Movement on April 7
Gold prices on the Multi Commodity Exchange (MCX) declined on Tuesday, April 7, as profit booking weighed on the yellow metal. The fall comes amid continued strength in the US dollar, which has remained above the 100 mark, limiting upside in gold.As per the latest available data, MCX gold futures (June 5, 2026 expiry) were trading at ₹1,49,841 per 10 grams, down ₹140 or 0.09% in intraday trade. The previous close stood at ₹1,49,981.Strong Dollar Pressures Gold Prices
The decline in gold prices is primarily attributed to the sustained strength in the US dollar index. A stronger dollar typically makes gold more expensive for...