Gold price today: MCX Gold rate rises on weak US dollar; experts highlight key levels for yellow metal | Stock Market News

Gold price today: Gold rates rose in the domestic futures market Thursday morning on a weak US dollar and positive global cues. The dollar index declined about 0.10 per cent, improving sentiment for bullion. Since gold is priced in the US dollar globally, a fall in the greenback makes the yellow metal more affordable for holders of other currencies.

Gold prices gained in international markets, supported by weakness in the US dollar. Investors are focusing closely on geopolitical developments, the path of the US Federal Reserve’s interest rate cut, and Donald Trump’s policies on trade tariffs. These key factors will determine gold’s movement next year. 

Domestic gold prices climbed about 0.2 per cent in the previous session due to geopolitical uncertainty. Moreover, weakness in the global equity markets is also supporting safe-haven demand for the precious metal.

According to a Reuters report, “Hamas and Israel exchanged blame on Wednesday for failing to finalize a ceasefire agreement despite reporting progress in recent days.”