Gold price today, Aug. 25 -- Gold rates traded lower in the domestic futures market in early deals on Monday, August 25, on the dollar's rise against its peers and tepid spot market demand. However, signals of a potential rate cut by the US Federal Reserve in September limited losses for the yellow metal.

MCX Gold October 3 contracts were down 0.14 per cent at Rs.1,00,242 per 10 grams around 9:10 AM. MCX Silver September 5 contracts were down 0.27 per cent at Rs.1,15,920 per kg at that time.

The dollar index rose about 0.30 per cent, weighing on gold prices. Since gold is traded in the US dollar, a stronger US currency makes it expensive in other currencies, causing demand fatigue.

Meanwhile, US Federal Reserve Chair Jerome Powell gave...