Gold Price Today: Domestic Gold Futures Drop 4%, Slide Below Rs 50,000 As Global Rates Tumble

Gold Price In India: Domestic gold futures fell nearly 4 per cent to trade briefly below the Rs 50,000 mark on Wednesday, as the global rate slid below $1,900 per ounce. Multi Commodity Exchange (MCX) gold futures - due for an October 5 delivery - dropped by as much as Rs 1,974 - or 3.80 per cent - to Rs 49,955 in morning deals. At 10:12 am, the MCX gold futures contract quoted at Rs 50,293, down Rs 1,636 - or 3.15 per cent - from it...