Gold price today: Profit booking at higher levels dragged gold rates lower in the domestic futures market Wednesday (July 2) morning, with MCX Gold August 5 contracts dropping to levels near ₹97,160 per 10 grams. Around 9:10 AM, the August contract of MCX Gold traded 0.07 per cent lower at ₹97,185 per 10 grams.

In the previous session, gold’s August futures contract rose more than 1 per cent, closing at ₹97,251 per 10 grams after the dollar index hit an over three-year low of 96.38. 

(This is a developing story. Please check back for fresh updates.)