The price of gold was skyrocketing after the Iran attack on American bases. February contract gold price had crossed 41 thousand, but after the talk of not waging war by the US, the investors returned to the stock market again and the price of gold broke. On MCX, gold in February contract opened by Rs 105 at 39725 per 10 grams.
Gold under 40 thousand at 10.30 in the morning it dropped by Rs 152 (0.38 per cent) to 39678. During trading today it reached a high of 39769 and a low of 39608. Gold has become cheaper by about Rs 1700 per 10 grams in two days. Gold reached the highest level on MCX on 8 January.