Gold price today: Rates jump on dollar's weakness; Trump policy in focus; experts' share strategy for MCX Gold

Gold price today: Gold rates were up in the domestic futures market in the morning session on Wednesday, January 22, on a softer dollar and uncertainty surrounding US President Donald Trump's policy decisions. MCX Gold for February 5 expiry traded 0.15 per cent up at ₹ 79,342 per 10 grams around 9:10 AM. The yellow metal was witnessing healthy buying in overseas markets. According to a Reuters report, gold prices climbed to a fresh 11-week peak on Wednesday amid uncertainty surrounding US President Donald Trump's trade policies and a softer dollar. Gold is considered a safe-haven asset, and its appeal increases during economic and geopolitical uncertainty. Besides, a weaker dollar makes gold cheaper in foreign currencies, making it more attractive to foreign buyers. More to come...