Gold prices rose more than 1% on January 4 making a positive trend in international spot prices, which hit an eight-week high due to the vaccination boost in the market. On the MCX, February gold contracts were trading higher by 1.05% at Rs 50,771 per 10 gram at 09:20 hours. March silver was trading 2.2% more at Rs 69650 a kilogram. On January 1, gold and silver prices settled on a steady note in international markets.