Gold Prices Fall on MCX Amid Easing Greenland Tensions, Stronger Dollar

• Gold prices on MCX declined on Thursday, January 22, due to profit booking, easing geopolitical tensions, and a stronger dollar.
• The February gold contract on MCX fell by 0.89% to 151,810 rupees, while March silver was down 0.58% at 316,835 rupees.
• International gold prices also dropped after US President Donald Trump softened his stance on Greenland, leading to a 1% fall in US gold futures.
• Trump reversed his threat of tariffs on European countries and announced an agreement with NATO regarding Greenland's future.
• Experts recommend buying copper and crude oil for profit, with specific targets and stop losses provided by Vandana Bharti of SMC Global Securities.

Why It Matters: Gold and silver prices fell due to reduced geopolitical tensions and a stronger dollar, while other commodities showed mixed trends.