Gold Price Today: Gold and silver futures open mixed on MCX ahead of US data. MCX Gold shows potential downside with support at Rs 71,700. Neha Qureshi recommends selling MCX gold at Rs 72,200 and silver at Rs 94,000.
The stability of the U.S. dollar contributed to making bullion less accessible for international buyers. Meanwhile, investors remained on the lookout for additional indications regarding the timing of the U.S. Federal Reserve s inaugural interest rate adjustment.
Gold price today: Gold prices hit a record high in the previous session in international markets, supported by ongoing geopolitical tensions and renewed concerns over inflation.
Gold rate today: Gold traded lacklustre on Wednesday, January 31, amid tepid global cues in anticipation of the upcoming outcome from the US Federal Reserve.