Gold price today, Dec. 26 -- The rates of gold rose by more than half a per cent while those of silver jumped 4% in morning trade on the MCX on Friday, December 26, on rising speculations of further rate cuts by the US Federal Reserve in January. Rising tensions between the US and Venezuela are also driving gold prices higher. MCX gold February futures rose by 0.65% to hit a record high of Rs.1,38,994 per 10 grams, while MCX silver March futures surged 4% to a record high of Rs.2,32,741 per kg on Friday. Around 9:15 am, MCX gold was 0.58% up at Rs.1,38,904 per 10 grams, while MCX silver was 3.70% up at Rs.2,32,068 per kg.

International gold prices are also surging. US gold futures February contracts rose by 0.7% to a record high of $4,53...