Gold Price Today Slides on MCX as Profit Booking Weighs on Rates

Market Performance: Gold and Silver Open Lower on MCX

Gold price today saw mild pressure in early trade as profit booking emerged after recent record highs. The broader tone remained cautious, with traders locking in gains amid the absence of fresh domestic triggers.

At around 9:10 am on Tuesday:

• MCX gold February futures slipped 0.48% to ₹1,33,492 per 10 grams
• MCX silver March contracts declined 1.64% to ₹1,94,657 per kg

The dip came after a strong previous session, where both metals had touched elevated levels on the Multi-Commodity Exchange (MCX).

Main News: Profit Booking Pressures MCX Gold and Silver Rates

The fall in gold rate today and MCX silver rate was largely attributed to profit booking, following a sharp rally in recent sessions. Softer spot demand and the lack of immediate domestic cues added to the cautious mood in the commodity market.

Despite the dip in domestic futures, the broader trend remains active, with price movements staying sensitive to global developments and currency shifts.

Global Cues: International Gold Near Record Highs

While the MCX gold rate moved lower, international gold prices continued to hover near record levels.

• Spot gold was trading close to $4,300 per troy ounce
• The move was supported by a weaker US dollar, which slipped to a near two-month low

Global markets remained watchful ahead of key macroeconomic data from the United States, which continues to influence currency and commodity flows.

Key Data Points Investors Are Tracking

Market participants are closely monitoring upcoming global cues that may shape near-term price action:

• US nonfarm payrolls report, due later in the day
• Shifts in expectations around US Federal Reserve policy
• Policy meetings of major global central banks
• Ongoing geopolitical developments

According to the CME FedWatch tool, markets are currently pricing in a 76% probability of a 25-basis-point rate cut in January, which has kept volatility elevated across global asset classes.

Recent MCX Price Movement Snapshot

The current pullback comes after a strong start to the week for precious metals:

• MCX gold February contracts
  • Hit a record high of ₹1,35,496
  • Closed 0.33% higher at ₹1,34,061 in the previous session
• MCX silver March contracts
  • Ended the session 2.7% higher
  • Settled at ₹1,98,049 per kg

These levels set the context for the profit booking seen in today’s trade.

Company & Market Context: Why Gold Prices Remain Active

Gold price today continues to react to a mix of global currency trends, macroeconomic data, and investor positioning. The sharp swings highlight how sensitive precious metals remain to global liquidity cues and policy expectations.

Silver prices, often more volatile than gold, mirrored the broader correction, reflecting cautious positioning after recent gains.

Summary: Gold Price Today Eases, Focus Shifts to Global Triggers

The decline in gold rate today and MCX silver rate reflects short-term profit booking after record highs rather than a shift in broader sentiment.

Key takeaways from today’s session:

• MCX gold down 0.48% at ₹1,33,492 per 10 grams
• MCX silver is lower by 1.64% at ₹1,94,657 per kg
• International gold trades near $4,300 per ounce
• Markets remain sensitive to US economic data and currency movement

As trading continues, the gold price today is likely to remain reactive to global cues, keeping precious metals firmly in focus within the Indian commodity market.