Gold price today, Sept. 19 -- Rates of gold and silver jumped on the MCX in morning trade on Friday, September 19, on healthy spot demand and the dollar's weakness. MCX Gold October futures were 0.32 per cent up at Rs.109402 per 10 grams around 9:05 am, while MCX Silver December futures were 1 per cent up at Rs.1,28,365 per kg at that time.

The subdued US dollar amid anticipation of further rate cuts by the US Federal Reserve is supporting gold prices.

According to Reuters, the CME Group's FedWatch tool showed traders are pricing in a 92 per cent chance of another 25-basis-point cut by the Fed in October.

On September 17, the US central bank trimmed federal funds rates by 25 basis points and indicated that two more rate cuts could occu...