Gold price today, Nov. 17 -- The rates of gold and silver dropped in the domestic futures market on Monday (November 17) morning amid the dollar's rise and weak global cues. MCX Gold December futures were 0.21 per cent down at Rs.1,23,300 per 10 grams at 9:10 am. MCX Silver December contracts were 0.38 per cent down at Rs.1,55,424 per kg at that time.

The dollar index stayed firm, rising by 0.14 per cent, weighing on gold demand and prices. Gold is backed by dollars, so a rise in the US currency makes the yellow metal expensive in overseas currencies, influencing its demand.

Read all market-related news here

Read more stories by Nishant Kumar

Disclaimer: This story is for educational purposes only. The views and recommendations expres...