Gold and silver prices: The rates of gold and silver dropped on the MCX in the morning session on Monday, 7 September, amid tepid spot demand and weak global cues after strong US jobs data fuelled expectations of interest rate hikes by the US Federal Reserve.
MCX gold October series were 0.30% down at ₹1,52,315 per 10 grams, while MCE silver December contracts were 0.33% down at ₹2,36,885 per kg around 9:15 AM.
US gold futures for the December series declined 0.75% to $4,436.49 per troy ounce.
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