Gold price today, Jan. 11 -- Despite the US Fed's signalling rate cut at a slower pace amid sticky US inflation and a strong labour market, the MCX gold rate registered gains for the third week in a row. Gold futures contract on MCX for February 2025 expiry finished at Rs.78,400 per 10 gm, logging around Rs.1,080 per 10 gm or 1.40 per cent rise in one week. After finishing at the Rs.78,400 mark, the precious yellow metal registered around 2.15 per cent gain in the YTD. In the international market, the spot gold price finished at $2,690 per ounce, while the COMEX gold price ended at $2,715 per troy ounce.

According to commodity market experts, gold prices today are bullish due to the weakness of the Indian National Rupee (INR) against the...