Gold rate today, Dec. 11 -- Gold prices climbed by half a per cent while silver jumped to its fresh record high on the MCX in morning deals on Thursday, December 11, after the US Federal Reserve cut rates by 25 basis points and signalled one more rate cut next year. MCX gold February contracts were 0.40% up at Rs.1,30,320 per 10 grams around 9:05 am, while MCX silver March contracts were 1.81% up at Rs.1,92,148 per kg at that time after hitting a record high of Rs.1,92,529 per kg.

International gold prices also saw positive momentum, with US gold futures for February gaining more than 1% to $4,271.30 per ounce, while silver jumped to another record high after the US Fed cut interest rates.

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