Gold price today, Sept. 4 -- Gold rates crashed more than 1 per cent in morning trade on the MCX on Thursday, September 4, as the GST reforms announcement increased risk appetite of investors.

MCX Gold October futures were down 1.21 per cent at Rs.1,05,897 per 10 grams around 9:15 am. MCX Silver December futures were 1.6 per cent down at Rs.1,23,871 per kg at that time.

Domestic market benchmarks-the Sensex and the Nifty 50-jumped by almost a per cent in early deals, buoyed by a significant reform in India's indirect taxation system.

Aimed at giving a solid boost to consumption, accelerating economic growth, and mitigating the Trump tariff pain, the GST Council, Chaired by Finance Minister Nirmala Sitharaman, announced historic rate re...