Gold price today, Dec. 4 -- The rates of gold and silver dropped on the MCX in morning trade on Thursday, December 4, amid profit booking due to the dollar's rise against its peers and tepid spot market demand. MCX gold February contracts were 0.13% down at Rs.1,30,288 per 10 grams, while MCX silver March contracts were 0.08% down at Rs.1,82,200 per kg.

The dollar index reclaimed the level of 99 after slipping to 98.85 in the previous session. However, the gains of the greenback remained limited on increased US Fed rate-cut bets.

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