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Gold price today: MCX gold tumbles 6% to ₹120,600 per 10 grams; what’s ailing the precious metal?

Gold prices on the MCX opened sharply lower in Wednesday’s evening session, with the December futures contract opening at 124,423 per 10 grams and sliding further to 120,575, its lowest level since October 10, marking a 6% drop from the previous close.

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