Gold price today, Sept. 9 -- MCX Gold October futures hit a fresh record high of Rs.1,09,500 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 0.40 per cent higher at Rs.1,08,955 per 10 grams at 9:40 am, while MCX Silver December futures were 0.22 per cent up at Rs.1,25,850 per kg at that time.

The dollar index declined about 0.10 per cent during the session, making gold cheaper in other currencies and enhancing its demand.

The biggest driver of gold prices this month has been the Fed rate cut expectations.

Apart from signals from Fed officials, the latest US macro data has strengthened the expe...