Baku: Gold August future contracts on MCX fell for the third consecutive session on Monday, slipping by nearly Rs 2,900/10 grams amid strong profit booking: Gold August future contracts on MCX fell for the third consecutive session on Monday, slipping by nearly Rs 2,900/10 grams amid strong profit booking. According to Azeri-Press News Agency, the yellow metal hit a multi-month high last week and opened lower by Rs 703 or 0.72% at Rs 96,333/10 grams. This decline in gold prices was observed as traders engaged in profit booking following the recent highs, influencing the market dynamics. Meanwhile, silver July futures contracts maintained their strength near higher levels. The white metal hit yet another lifetime high of Rs 1,05,460/kg in early trade. However, it later slipped slightly to trade at Rs 1,05,183/kg. Silver's performance in the market highlights its increasing demand and value, contrasting with the current trend in gold prices.
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