Gold price today, Feb. 6 -- Gold rate crashed on the MCX on Friday (February 6) morning on profit booking amid weak global cues, dollar's rise, and subdued spot market demand. MCX gold April futures dropped by nearly Rs.2,700, or almost 2%, to Rs.1,49,396 per 10 grams, while MCX silver March contracts crashed by Rs.14,600, or 6%, to Rs.2,29,187 per kg.

International gold prices also declined on a stronger dollar. U.S. gold futures for April delivery fell by almost 2% to $4,806.50 per troy ounce. On the weekly scale, gold is on track for its second consecutive weekly loss.

Gold and silver prices are witnessing profit booking amid easing geopolitical risks and the dollar's rise against its peers. However, expectations of US Fed rate cuts ...