Gold Price Today — India February Gold futures price dropped on January 14 after the United States dropped China’s designation as a currency manipulator ahead of an interim deal between the two sides to ease their trade dispute.
- Gold Price Today: XAU/USD Struggles Near $3,340 as Market Awaits Key Events
- Gold Price Today: XAU/USD Intraday Technical Analysis & Key Levels [2025]
- Gold price slip below $3,347 on optimism over Russia-Ukraine peace talks
- XAU/USD (Gold) Magic Level for Trading: Can It Move $400 Up or Down till September 2025?
- XAU/USD firms near $3,300 as trade woes resurface ahead of August 1 tariff deadline
Global equities rallied to reach fresh record highs as the world’s two biggest economies prepare to formalise a truce.
US Trade Representative Robert Lighthizer said that the Chinese translation of the deal was almost completed and would be made public on Wednesday, just prior to a signing ceremony, it said.
MCX Gold contracts for February were trading lower by Rs 201, or 0.51 percent, at Rs 39,345 per 10 gram at 09:20 hours.
MCX Gold Silver prices tips extend fall on Monday amid a rally in global equities and strength in rupee pushed both the precious metals lower.
Spot Gold breached key support of $1,550 per troy ounce in the international market while Silver prices also closed below $18 per troy ounce.
Experts suggest that volatility is likely to continue in Gold in the short term amid a rise in rupee and rally in global equities. Traders could go short in the short term with a target near ₹39,230.
“We expect strength in equities and rupee could continue to keep both the precious metals under pressure. Gold prices could test next support of $1,525 and Silver prices could test $17.60 per troy ounce