Gold futures hovered near $4200 per ounce in Asian trades on Thursday, easing after profit-taking capped this week's rally toward $4300. Even so, bullion remained underpinned by a weakening US dollar, with the dollar index holding below 99 after ADP data showed a surprise 32,000 drop in private payrolls, strengthening expectations of a Fed rate cut. Caution also grew ahead of next week's FOMC outcome. On the domestic front, MCX February gold slipped 0.6% to Rs 129640 per 10 grams, while the Indian rupee breached the 90-per-USD mark, hitting a record low amid delays in finalizing a long-awaited US trade pact. The rupee's 5% slide this year marks its sharpest fall since 2022, placing it among Asia's weakest currencies.

Powered by Capital Market - Live News