Gold price today, Sept. 16 -- Gold rates dropped on the MCX Tuesday (September 16) morning due to profit booking, with the focus squarely on the US Federal Reserve's monetary policy decision on Wednesday. However, the dollar's weakness against its peers and expectations of a 25 bps rate cut by the Fed limited losses for the yellow metal.

MCX Gold October futures were 0.04 per cent down at Rs.1,10,130 per 10 grams around 9:15 am, while MCX Silver December futures were 0.06 per cent lower at Rs.1,29,345 per kg at that time.

The dollar index declined by about 0.10 per cent, making gold slightly cheaper in overseas currencies.

(This is a developing story. Please check back for fresh updates.)

Published by HT Digital Content Services with ...