Gold rate crashes over 1% on MCX as US dollar index hits over 1-year high; experts highlight key levels to watch

Gold prices crashed over 1% on the MCX on 24 June, pressured by a stronger US dollar index that rose to an over one-year high on expectations of US Federal Reserve monetary tightening. MCX gold August futures fell 1.21% to around 1,44,759 per 10 grams, while MCX silver July futures declined 0.71% to about 2,24,227 per kg as of 9:10 am.