Gold price today: Gold rates jumped to a record high in the domestic futures market on Friday, January 23, morning, as heightened geopolitical and geoeconomic risks and weakness in the US dollar boosted demand for safe-haven assets.
MCX gold February futures jumped by nearly ₹2,900, or almost 2%, to a fresh record high of ₹₹1,59,226 per 10 grams. MCX silver March futures surged by more than ₹12,600, or almost 4%, to a fresh record high of ₹Rs 3,39,927 per kg.
International gold prices also jumped to record highs. US gold futures for February hit $4,969.69 per troy ounce, rising by more than 1%.
The evolving geopolitical situation is sending mixed signals, creating an environment of uncertainty that is positive for safe-haven asset gold.
(This is a developing story. Please check back for fresh updates.)
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Disclaimer: This story is for educational purposes only. The views and recommendations expressed are those of individual analysts or broking firms, not Mint. We advise investors to consult with certified experts before making any investment decisions, as market conditions can change rapidly and circumstances may vary.
