Gold Price Today: Gold price rose on Wednesday, recouping some of the ground it lost a day earlier, as doubts regarding the US stimulus package dragged down Asian equities and US stock futures, reported Reuters. Spot gold was up 0.5 percent at $1,657.29 per ounce by 0054 GMT, having fallen about 2 percent in the previous session on hopes for global stimulus measures to shield the world economy from the effects of the fast-spreading coronavirus. Also Read - Gold Prices Hit Record High at Rs 41,278 Per 10 Gram Amid Middle-East Crisis

US gold futures slipped 0.08 percent to $1,659 per ounce. Also Read - Gold Prices Soar to Record High of Rs 42,000 Amid US-Iran Face-off

The rupee opened gained in the early trade on Wednesday. It opened higher by 27 paise at 73.81 per dollar on Wednesday versus the previous close of 74.08. Also Read - Gold Prices Surge Today, Hit 4-Month High As Middle East Tensions Rise After US Airstrike on Baghdad

Meanwhile, silver futures traded 0.73 percent higher at Rs 46,460 per kg. The prices opened at Rs 46,155 as compared to the previous close of Rs 46,122 per kg.