New Delhi, Oct. 16 -- Gold price today: The rates of gold and silver surged to fresh record highs on the MCX in Thursday's session, driven by positive global cues, strong domestic demand, and the dollar's weakness.

MCX Gold December futures hit a new high of Rs.1,28,395 per 10 grams, while MCX Silver December futures rose to a fresh peak of Rs.1,64,150 per kg. Around 9:10 am, MCX Gold was 0.51 per cent up at Rs.1,27,862 per 10 grams, and MCX Silver was 0.81 per cent up at Rs.1,63,523 per kg.

International gold prices reached a new record high on Thursday, driven by strong investor demand for the yellow metal amid a weaker dollar, persistent geopolitical and economic concerns, and expectations of US Fed rate cuts.

The US dollar index de...