Gold price today, Sept. 9 -- MCX Gold October futures hit a fresh record high of Rs.1,09,000 per 10 grams in early trade on Tuesday, September 9, supported by healthy spot demand, weaker dollar and expectations of US Fed rate cuts next week.

Gold's October contracts on the MCX traded 0.22 per cent higher at Rs.1,08,754 per 10 grams at 9:15 am, while MCX Silver December futures were almost flat at Rs.1,25,601 per kg at that time.

Domestic spot gold prices have surged about 42 per cent this year so far, strongly outperforming the equity benchmark Nifty 50 which has gained just over 4 per cent in the same period.

On December 31 last year, spot gold traded near Rs.76,000 per 10 grams. On September 8 this year, it was near Rs.1,08,000 per 1...