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Gold price today: Rates of gold rose on the MCX Monday (October 20) morning amid healthy spot demand and a softer US dollar. MCX Gold December futures traded 0.78 per cent higher at ₹1,28,005 per 10 grams around 9:15 am. MCX Silver December contracts were 0.41 per cent up at ₹1,57,240 per kg at that time.

Gold prices recovered in international markets after suffering sharp losses in the previous session, following US President Donald Trump’s comments on China tariffs that prompted investors to book profits in the yellow metal and shift towards riskier assets.

"Gold prices rose to $4,255/oz on Monday after a sharp decline on Friday, with investors closely monitoring upcoming talks between the US and China. Treasury Secretary Scott Bessent and Chinese Vice Premier He Lifeng are set to meet this week, with President Donald Trump expressing optimism last week that negotiations could lead to an agreement, while calling his threatened high tariffs unsustainable," Jigar Trivedi, Senior Research Analyst at Reliance Securities, noted.

Gold prices suffered massive losses in the previous session. MCX Gold's December futures contracts crashed by 2 per cent to settle at ₹1,27,320 per 10 grams, while US gold futures crashed over 2 per cent to end at $4,213.30 per troy ounce.

Gold prices have surged by over 70 per cent in the domestic spot market, on increased global political and economic uncertainties, strong central bank buying, US Fed rate cut hopes, and robust inflows in exchange-traded funds (ETFs).

(This is a developing story. Please check back for fresh updates.)

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