New Delhi, March 10 -- Following profit-booking in the US Dollar Index after the sharp fall in crude oil prices, gold and silver prices rose amid safe-haven demand during early morning deals on Tuesday. The MCX gold rate today opened upside at Rs.1,61,743 per 10 gm and touched an intraday high of Rs.1,61,791 per 10 gm, logging an intraday gain of around one per cent. In the international market, the COMEX gold price today opened upside and touched an intraday high of $5,195.15/oz, logging an intraday gain of around 1.50%.

On why the gold price today is on an uptrend, Anuj Gupta, a SEBI-registered market expert, said the gold rate today is rising due to weakness in the US Dollar. He said this could become possible due to the sharp fall in...