MCX gold falls 2.5% for the week and 7.9% in October

Gold's 7.9% October collapse on MCX and a 3.6% slide to $3,876/oz mark the metal's worst October since 2008, with the move amplified by rising crude prices muddying the inflation outlook and delaying rate-cut expectations. The break below recent support undermines the 2025 bull trend and signals continued near-term downside risk, while silver's slide to yearly lows confirms broad precious-metals liquidation ahead of the festive demand window.