Gold price today, Jan. 21 -- Gold rates surged by nearly Rs.3,000, or almost 2%, on the MCX on Wednesday (January 21) morning to hit a fresh record high, fuelled by US-EU trade war fears, dollar's weakness and strong retail demand.

MCX gold February futures hit a record high of Rs.1,53,316 per 10 grams, while MCX silver March futures rose by 0.50% to Rs.3,25,260 per kg.

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