Gold rates today, Dec. 16 -- Following the optimism surrounding the Russia-Ukraine peace deal, gold and silver rates today witnessed profit booking during Tuesday's dealings. The gold rate today on the MCX for the February 2025 futures expiry slipped over Rs.800 per 10 gm during Tuesday's deals, when it hit an intraday low of Rs.1,33,308 levels. However, the precious yellow metal witnessed some recovery and came around the Rs.1,33,800 levels at around 2:35 PM. In the international market, the COMEX gold price slipped over $37 per ounce, reaching an intraday low of $4,298.65 per troy ounce. COMEX gold prices also witnessed some value buying at the lower levels and regained the psychological $ 4,300-per-ounce level.

The gold rate today has...