Gold price today, Sept. 24 -- Rates of gold and silver dropped during Wednesday's session on profit booking at higher levels amid a rise in the US dollar and tepid spot demand. MCX Gold October futures traded 0.33 per cent lower at Rs.1,13,462 per 10 grams, while MCX Silver December futures traded 0.24 per cent down at Rs.1,34,740 per kg at that time.

The dollar index rose by about 0.10 per cent, making gold expensive in other currencies, creating a demand fatigue.

In the previous session, MCX Gold October futures closed 1.40 per cent higher at Rs.1,13,800 per 10 grams after hitting a record high of Rs.1,14,179 during the session. Similarly, MCX Silver December futures ended 1.08 per cent up at Rs.1,35,000 per kg after hitting an all-ti...