Gold price today: Rates of gold rose on the MCX Monday (October 20) morning amid healthy spot demand and a softer US dollar. MCX Gold December futures traded 0.78 per cent higher at ₹1,28,005 per 10 grams around 9:15 am. MCX Silver December contracts were 0.41 per cent up at ₹1,57,240 per kg at that time.
Gold prices recovered in international markets after suffering sharp losses in the previous session, following US President Donald Trump’s comments on China tariffs that prompted investors to book profits in the yellow metal and shift towards riskier assets.
Gold prices suffered massive losses in the previous session. MCX Gold’s December futures contracts crashed by 2 per cent to settle at ₹1,27,320 per 10 grams, while US gold futures crashed over 2 per cent to end at $4,213.30 per troy ounce.
(This is a developing story. Please check back for fresh updates.)