Gold price today: Gold rates dropped in the domestic futures market on Thursday, January 22, in the morning, amid profit booking, following signs of easing geopolitical tensions and the dollar’s rise against its peers.
MCX gold February futures were flat at ₹1,52,879 per 10 grams around 9:05 am. MCX silver March futures, however, were 0.90% up at ₹3,21,343 per kg at that time, supported by strong spot market demand.
The yellow metal declined in international markets also after US President Donald Trump softened his tone on Greenland. US gold futures for February dropped by 1%.
Trump on Wednesday backed away from his threat to impose tariffs on European countries over their position on Greenland. He said he had reached the outlines of an agreement with NATO regarding the island’s future.
He stated that he had met NATO Secretary General Mark Rutte and chalked out a ‘framework for a future deal’.
Meanwhile, Trump’s soft tones on tariffs stabilised the US dollar. The dollar index rose to 98.81, making gold slightly expensive for overseas buyers.
(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.
