Gold Price Volatile: Yellow Metal Trades at Rs 1,82,147 on MCX Amid Dollar Strength
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Moneycontrol•30-01-2026, 10:37
Gold Price Volatile: Yellow Metal Trades at Rs 1,82,147 on MCX Amid Dollar Strength
- •Gold opened lower at Rs 1,78,444 on MCX but recovered to Rs 1,82,147 by 9:44 am, down 0.99% from previous close.
- •Comex gold prices fell 8% from a record high of $5,500 to $5,108, then recovered slightly to $5,209, a 2.06% decline.
- •Manav Modi of Motilal Oswal Financial Services noted a 5% intraday decline, the steepest since October 2025, with domestic prices falling more than international.
- •The World Gold Council predicts a decline in India's gold imports due to record prices impacting jewellery demand.
- •Despite pullback, gold is on track for its strongest monthly performance since the 1980s, driven by economic and geopolitical uncertainty.
Why It Matters: Gold prices showed significant volatility on January 30, influenced by a strengthening dollar and global uncertainties.
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