Gold price today, Oct. 10 -- The rates of gold and silver dropped on the MCX on Friday morning (October 10) on profit booking at higher levels amid easing geopolitical tensions and demand fatigue at record high levels.

Precious metals are witnessing some profit booking following a ceasefire deal between Israel and Hamas.

As Mint reported, Israel's government early Friday morning formally approved the first phase of a US-brokered ceasefire and hostage release plan, paving the way for a suspension of hostilities in Gaza within the next 24 hours.

However, a decline in the US dollar limited losses for the yellow metal.

At 10 am, MCX Gold December futures traded 0.08 per cent down at Rs.1,20,401 per 10 grams, while the MCX Silver December ...