Gold price today, Nov. 10 -- Rates of gold jumped by over 1 per cent, while those of silver surged by 2 per cent in morning deals on the MCX on Monday, November 10, buoyed by positive global cues and rising expectations of another rate cut by the US Federal Reserve next month. MCX Gold December futures traded 1.04 per cent higher at Rs.1,22,330 per 10 grams around 9:05 am. MCX Silver December contracts were 1.76 per cent up at Rs.1,50,325 per kg at that time.

Gold prices saw significant corrections after hitting record highs in October. However, the fresh momentum in the yellow metal is being seen due to mounting concerns over the health of the US economy and rising expectations of another US Fed rate cut in December.

(This is a develop...