Gold price today, Jan. 30 -- Gold rate declined sharply on the MCX in the morning trade on Friday, January 30, on profit booking at higher levels, following a strong rise in the dollar index.

MCX gold February futures crashed by more than Rs.10,000, or 6%, to drop to the level of Rs.1,59,250 per 10 grams. MCX silver March futures plunged by nearly Rs.24,000, or 6%, to fall to Rs.3,75,900 per kg.

Gold prices also eased in the international markets, pressured by the dollar's rise. A strong dollar makes greenback-backed bullion expensive in other currencies, weighing on its demand.

The dollar index rose by almost 0.50%, after US President Donald Trump and Democrats on Thursday night (local time) struck a deal to avert a partial government...