Gold Price Jumps 1.46% to Rs 1,57,703 as Investors Buy on Dips

• Gold prices opened 1.46% higher at Rs 1,57,703 per 10 grams on MCX on February 9.
• Market participants engaged in dip-buying after a volatile week.
• International spot gold traded at $5,012 an ounce, up 0.65%.
• Rupee strengthened marginally against the dollar, with USD-INR at 90.43.
• Analysts recommend a buy-on-dips and sell-on-rallies strategy, with gold expected to consolidate in the $4,550–$5,100 range.