Gold price today, Dec. 22 -- The rates of gold rose by almost 1% while silver rates jumped more than 2% in morning trade on the MCX on Monday, December 22, on increased US Fed rate cut speculations and healthy spot demand. MCX gold February futures were 0.77% up at Rs.1,35,224 per 10 grams, while MCX silver March futures were 2.39% up at Rs.2,13,412 per kg around 9:15 am, after hitting a record high of Rs.2,13,844 per kg. Increased speculations that the US Federal Reserve will cut rates in January supported bullion prices, while healthy spot demand also fuelled buying activity in the futures market.

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Published by HT Digital Content Services with permission from MINT....