Gold rate today, Sept. 20 -- After climbing to a new peak of Rs.1,06,666 per 10 gm on MCX (Multi Commodity Exchange), gold prices came under pressure and retraced around 0.50 per cent from their fresh peak made last week. This fall in the gold prices was mainly caused by the bounce back in the US dollar rates after the 25 bps US Fed rate cut. However, MCX gold rates registered a gain for the fifth straight week. Gold future contract for October 2025 expiry on MCX ended at Rs.1,09,900 on Friday last week. In the international market, COMEX gold price touched a new peak of $3,707.65 per troy ounce last week.

According to market experts, gold prices generally rise after a US Fed rate cut, but this was not witnessed last week as US dollar ra...