Gold rate today below Rs 1.23 lakh per 10 grams. what’s the outlook?

AI Summary
Gold prices fell below Rs 1.23 lakh per 10 grams on Monday at India's Multi Commodity Exchange (MCX), with December gold futures decreasing by Rs 1,142 to Rs 1,22,309 per 10 grams. Silver futures also dipped by Rs 4,560 or 3%, reaching Rs 1,42,910 per kilogram. The decline was influenced by a strong US dollar and improved US-China trade relations. Global spot gold prices decreased to $4,082.77 per ounce while US gold futures for December delivery fell to $4,095.80. Investors are now focusing on the upcoming US Federal Reserve meeting and key US CPI data, which could further impact market volatility.
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