Gold price today, Oct. 23 -- Rates of gold rose on the MCX Thursday (October 23) morning as investors bought the dip witnessed in previous trade. MCX Gold December futures traded 0.89% higher at Rs.1,22,938 per 10 grams around 9:08 IST. MCX Silver December contracts were 0.93% up at Rs.1,46,915 per kg at that time.

According to Jigar Trivedi, Senior Research Analyst at Reliance Securities, the MCX gold price for December expiry may trade in a range from Rs.121,500 to Rs.123,000 per kg.

In the global market, gold prices dipped on Thursday, influenced by a stronger dollar as investors anticipated crucial US inflation data scheduled for later this week, which could provide insights into the trajectory of interest rates.

As of 0310 GMT, sp...