Gold Rate Today, March 12 -- Gold price in India edged lower on Thursday, tracking losses in the global bullion markets as a stronger US dollar and fading expectations of near-term interest rate cuts weighed on the international precious metal.

On Thursday, 12 March, MCX Gold April futures fell by 0.31% at Rs.1,61,288 per 10 grams around 10:37 am, while MCX Silver May contracts were down by 0.5% at Rs.2,67,150 per kg.

According to India Bullions data, the prices of 24-carat gold were Rs.1,61,940/10 gm at 10:40 am on 12 March, and 22-carat gold at Rs.1,48,445/10 gms. Silver prices were at Rs.2,67,510/kg (Silver 999 Fine).

Gold recorded its best bull run since 1979 last year, surging more than 75%. Over the past two decades, the price of...