Gold price today: Gold rates declined in the domestic futures market on Wednesday morning due to profit booking amid rising dollar and elevated US bond yields after strong macro data indicated that the world’s largest economy remains strong. This suggests that the path for US Federal Reserve rate cuts could be narrower this year. MCX Gold for February 5 expiry traded 0.12 per cent lower at ₹77,438 per 10 grams around 9:05 AM.
Gold prices were lacklustre in international markets as well, as the US dollar rose and 10-year treasury yields hit an eight-month high.
