Gold price today, Sept. 8 -- Rates of gold and silver dropped in the domestic futures market Monday (September 8) morning on profit booking at higher levels amid an uptick in the US dollar.

MCX Gold October futures were 0.47 per cent down at Rs.1,07,219 per 10 grams around 9:05 am. MCX Silver December futures were 0.51 per cent down at Rs.1,24,058 per kg at that time.

The dollar index moved up by about 0.20 per cent, making the yellow metal expensive in overseas currencies and reducing demand.

Gold prices hit a record high in the previous session on expectations of a US Fed rate cut this month. Recent market data shows that the US jobs market is under pressure. US job growth weakened sharply in August, and the unemployment rate increas...