Gold rate today, Sept. 6 -- Following the optimism for the US Fed rate cut after the soft US economic data, gold prices across bourses bounced back strongly after the profit-booking trigger on Thursday. MCX gold rate climbed to a new peak of Rs.1,07,807 per 10 gm on Friday and finally finished at Rs.1,07,740, logging over 3.80% weekly gain in the domestic market. COMEX gold price finished at $3,653.30 per troy ounce on Friday. In this bullish trend, gold prices have rallied around 35% in YTD.

Speaking on the reasons that are fueling gold price today, Sugandha Sachdeva, Founder of SS WealthStreet, said, "Gold prices surged to another record high of Rs.1,07,807 per 10 grams, advancing 3.82% for the week and marking their third consecutive ...