Gold price today, Feb. 1 -- Gold rate crashed 6% to hit its lower circuit on the MCX on Sunday morning, February 1, while MCX silver also plunged 6% as investors booked profits after a strong rally over the past year.

According to Reuters, international gold prices were headed for their steepest daily fall since 1983 and silver was poised for its worst day on record.

(This is a developing story. Please check back for fresh updates.)

Track: Gold, silver rates today

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