Gold price today, Jan. 14 -- Gold rates hovered near record high, while silver jumped more than 2% to hit its fresh high on the MCX in morning trade on Wednesday, January 14, as softer US inflation prints fuelled hopes for further rate cuts by the US Fed this year.

MCX gold February futures rose by 0.50% to Rs.1,42,938 per 10 grams, while MCX silver March futures jumped 2.60% to Rs.2,82,351 per kg mark.

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