Gold price today, June 23 -- Gold rates were down in early deals in the domestic futures market on Tuesday, 23 June, as the dollar index was above the 100 mark, driven by expectations of a US Federal Reserve rate hike this year, triggering profit booking in precious metals.

MCX gold August futures were 1.05% down at Rs.1,46,566 per 10 grams, while MCX silver July futures were 2.85% down at Rs.2,27,622 per kg around 9:10 am.

The dollar index rose to 101.08- its one-year high, making greenback-denominated bullion expensive for buyers in other currencies.

Read all market-related news here

Read more stories by Nishant Kumar

Disclaimer: This story is for educational purposes only and does not constitute investment advice. The views and re...