Gold price today, Dec. 19 -- The rates of gold were down in the domestic futures market on Friday (December 19) morning on profit booking after the policy decision of the Bank of Japan (BoJ), while softer inflation data in the US also influenced prices, as the yellow metal is considered a hedge against inflation. MCX gold February futures were 0.56% down at Rs.1,33,772 per 10 grams around 9:10 am. MCX silver March futures were 0.26% lower at Rs.2,03,034 per kg at that time.

The Bank of Japan (BOJ) has raised its key policy rate to 0.75%, its highest level since September 1995. While the move is on expected lines, the move is expected to influence yen-carry traders.

International gold prices also declined on lower-than-expected U.S. infl...