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Gold prices head for biggest monthly drop since 2008

Gold prices head for biggest monthly drop since 2008

Gold prices head for biggest monthly drop since 2008

After hitting an all-time intraday high of 1,92,991 per 10 grams on MCX earlier this year, gold futures with August 5 expiry slipped to around 1,42,413, down nearly ₹50,600, or over 26%, from its peak.

The latest decline comes as international gold prices are on track to fall about 12.5% this month, marking their biggest monthly decline since October 2008.

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