Gold rates experienced some volatility on the MCX during the evening session of trading on Thursday, January 15, due to profit booking amid a mild uptick in the US dollar. MCX gold February futures rose about 0.20% but soon slipped into the red. Around 5:30 pm, the yellow metal was flat at ₹1,43,144 per 10 grams on the MCX.
International gold prices also slipped on profit booking after the US dollar rose by 0.10%, making the yellow metal slightly expensive for overseas buyers. U.S. gold futures for February delivery fell over 1% to $4,584.70.
Easing geopolitical tensions also prompted investors to book some profits.
(This is a developing story. Please check back for fresh updates.)
