Gold rate today, Feb. 3 -- Following a strong pullback in the US dollar rates and tariff hike getting implemented in Canada and Mexico from today, the MCX gold rate came under pressure during the Opening Bell. In the early morning session, the Gold futures contract for April 2025 expiry on the Multi Commodity Exchange (MCX) opened lower at Rs.81,900 peer 10 gm. It touched an intraday low of Rs.81,862 per 10 gm within a few minutes of the market opening. However, the precious metal witnessed value buying at the lower levels and regained the Rs.82,000 mark and touched an intraday high of Rs.82,284 per 10 gm.

On why gold prices are under pressure on Monday, Anuj Gupta, Head of Commodity & Currency at HDFC Securities, said, "Gold prices are ...