Hyderabad, Sept. 18 -- Gold rates in Hyderabad dipped on Thursday, September 18, after surging for the past few days and reaching unprecedented highs.

The prices dipped after speculators cut positions following a firm recovery in the dollar.

MCX

On the Multi Commodity Exchange (MCX), gold futures for October delivery depreciated by Rs 612 or 0.56 per cent to Rs 1,09,210 per 10 grams.

The December contract also diminished by Rs 566 or 0.51 per cent to Rs 1,10,300 per 10 grams.

Silver prices weakened too. The white metal futures for December delivery slipped by Rs 604 or 0.48 per cent to Rs 1,26,380 per kilogram, while the March next year contract fell by Rs 630 or 0.49 per cent to Rs 1,27,985 per kg.

Apart from rates in Hyderabad and...