Gold price today: The rates of gold were down in the domestic futures market on Friday (December 19) morning on profit booking ahead of the policy decision of the Bank of Japan (BoJ), while softer inflation data in the US also influenced prices, as the yellow metal is considered a hedge against inflation. MCX gold February futures were 0.56% down at ₹1,33,772 per 10 grams around 9:10 am. MCX silver March futures were 0.26% lower at ₹2,03,034 per kg at that time.
International gold prices also declined on lower-than-expected U.S. inflation data, while an uptick in the dollar index also dragged bullion lower. The dollar index rose by 0.10%, trading near one-week highs and weighing on bullion’s appeal.
(This is a developing story. Please check back for fresh updates.)
