Explained: Why gold price is crashing and whether another record high is possiblebusinessUpdated: Aug 17, 2020 12:17 ISTThe price of gold fell for the second consecutive day on Monday. On Multi Commodity Exchange or MCX, gold price fell 0.4 per cent to Rs 52,207 per 10 gram. Gold price fell 4.5 per cent last week, its biggest weekly decline since March. Situation across the worldGold price further tumbled in the global markets after capping worst last week in five months. Also under the scanner is the relationship between United States and China as presidential elections draw closer.

Source: Hindustan Times August 17, 2020 06:48 UTC