Gold price today, Sept. 17 -- Rates of gold and silver declined on the MCX on Wednesday (September 17) morning on profit booking ahead of the US Federal Reserve's monetary policy decision. MCX Gold October futures traded 0.25 per cent down at Rs.1,09,884 per 10 grams around 9:10 am, while MCX Silver December futures were 1.08 per cent down at Rs.1,27,424 per kg at that time.

The dollar's rise against its peers also weighed on gold prices. The dollar index rose by over 0.10 per cent, making the yellow metal costlier in other currencies.

The US Fed is expected to cut rates by 25 bps later today amid a cooling jobs market and sticky inflation. Experts believe the central bank may overall go for a 75-100 bps rate cut this cycle, which could...