Gold futures on the Multi Commodity Exchange (MCX) opened lower on November 12, 2026, as the US dollar reached a 19-month high. The December 4 gold contract dropped Rs 434 (0.31%) to Rs 139,282 per 10 grams, later falling further to Rs 138,399. Silver prices also declined by Rs 2,700, though specific figures were not detailed in the report.
MCX’s stock price declined 7% after reporting a more than doubled Q2 FY27 net profit of ₹455 crore, driven by strong trading activity and ₹799.66 crore in revenue. Analysts attribute the drop to profit-booking and concerns over valuation, highlighting ₹3,225 as a critical support level. The company’s financial performance contrasts with its 50% year-to-date share price gain.
MCX’s share price dropped 7% following a two-fold increase in its Q2 profit. The decline reflects investor concerns over broader market conditions and sector-specific challenges, despite strong earnings growth. Analysts cite macroeconomic uncertainties as a key factor influencing the stock’s performance.
MCX reports a **130% year-over-year jump in Q2 net profit** and **over 100% revenue growth**, yet its shares drop 7%. Analysts note EBITDA aligns with expectations, while higher technology costs and taxes impact results. The company’s financial performance contrasts with its stock performance amid market volatility.
