The price of gold in the national capital rose by Rs 150 to Rs 79,350 per 10 grams on Monday. In the previous trading session on Friday, the price of gold closed at Rs 79,200 per 10 grams. According to the All India Sarafa Association, the price of gold of 99.5 percent purity rose by Rs 150 to Rs 78,950 per 10 grams. In the last session, it stood at Rs 78,800 per 10 grams. According to PTI news, traders said that the upside potential for gold is limited in the short term, as market participants are mainly focused on Trump's tariff measures and economic policy, which may determine the direction of the metal next year.

gold in futures trading today

According to the news, gold contracts for February delivery fell by Rs 41 or 0.05 percent to Rs 76,503 per 10 grams in futures trading on the Multi Commodity Exchange (MCX). Gold is trading in the range of Rs 76,400-76,750 on MCX. In the international markets, Comex gold futures fell by $ 5. 70 per ounce or 0. 22 percent to $ 2,626. 20 per ounce.

What do experts say

With global markets entering the holiday period for New Year celebrations, trading volumes were low, and market activity was subdued. Jatin Trivedi, VP Research Analyst, Commodity & Currency at LKP Securities, said that sideways movement is likely to continue in the short term due to limited participation during the festive season. Gold prices may see continued strength this week, in the absence of new triggers as key participants are still away due to New Year holidays in the international market.

Pranav Meer, Vice President, EBG - Commodity & Currency Research at JM Financial Services Ltd, said bullion is limited as the dollar traded near the 108 level. Saumil Gandhi, Senior Analyst - Commodities at HDFC Securities, said investors are expecting quiet markets with low trading volumes overall.