Gold price today: Gold prices rose in the domestic futures market during the morning session on Tuesday, January 21, amid a weakening US dollar, as market participants awaited further clarity on Donald Trump’s policies following his return to the White House as the 47th President of the United States. MCX Gold for February 5 expiry was up 0.37 per cent, quoting at ₹78,838 per 10 grams, around 9:25 AM.
Donald Trump took the oath of office on Monday, January 20. Following his swearing-in as president, the U.S. dollar weakened amid speculation that he would refrain from announcing aggressive tariffs immediately after taking office.
Gold is priced in dollars globally. A decline in the US currency makes the yellow metal attractive in other currencies, supporting its demand.
More to come…
