Gold rate today, Feb. 21 -- Following a bounce back in the US dollar rates from a two-month low, the MCX gold rate retraced from the record high and climbed yesterday. Gold price today on the MCX, opened lower at Rs.85,715 per 10 gm and touched an intraday low of Rs.85,690 per 10 gm within a few minutes of the Opening Bell. However, the precious metal bounced back strongly and touched an intraday high of Rs.85,890.

Jateen Trivedi, VP Research Analyst - Commodity & Currency at LKP Securities, said, "A weaker dollar index has further aided gold's upward momentum, while ongoing tariff adjustments from the US continue to fuel uncertainty, keeping demand for gold high. The price range for gold is expected to be between Rs.85,000 and Rs.87,500...