Gold price today, Nov. 7 -- The rates of gold and silver rose on the MCX on Friday morning (November 7), tracking positive global cues and the dollar's decline against its peers. MCX Gold December futures were 0.27 per cent up at Rs.1,20,939 per 10 grams at 9:15 am, while MCX Silver December futures were 0.60 per cent up at Rs.1,47,938 per kg at that time.

International gold prices rose as private-sector job reports raised expectations of another US Federal Reserve rate cut in December. The US government shutdown, which began on 1 October and is now the longest in US history, also boosted demand for safe havens.

Meanwhile, the dollar index declined below the 100 mark, which also influenced gold prices. The dollar's weakness makes gold m...