Gold Prices Rise on MCX, Comex; Fed Minutes & China Market Reopening to Add Volatility

• Gold price on MCX rose 0.17% to Rs 1,56,019 per 10 grams; Comex gold touched $5,000.50 per ounce.
• Easing geopolitical tensions and a stronger dollar influenced marginal surge in gold prices.
• IBJA set standard gold price at Rs 1,51,963 per 10 grams, up 0.51%, forming benchmark for RBI’s SGB valuations.
• Analysts suggest a decisive break above $5,000 on CME is needed to negate short-term weakness and revive bullish momentum.
• Markets await Federal Reserve’s January meeting minutes for signals on interest rate path; short-term gold prices likely to consolidate within $4,650–$5,100 range.