Despite soaring US dollar rates, gold prices in the domestic and international markets continued to scale northward in the week gone by. The MCX gold rate finished at ₹ 79,019 per 10 gm on Friday, logging around 0.

Amid US Fed rate cut buzz, MCX gold rate continued to trade sideways but managed to sustain above ₹79,000 per 10 gm mark. Gold futures contract for February 20

Gold futures climbed to Rs 78,323 on MCX, up 0.28%, with silver at Rs 92,000. US jobs data holds the key to near-term market momentum.

Following the US Fed rate cut buzz on soft US core inflation data, MCX gold rate registered gains during early morning deals on Thursday. Gold futures contract on Multi Commodity Exchange (MCX)m for February 2025 expiry opened flat at ₹ 78,

Gold prices hovered near a five-week high on Friday and were set for a third straight week of gains, as U.S. inflation data released earlier this week revived expectations that the Federal Reserve might cut interest rates more than once this year.