Gold price today: Gold rates rose in the domestic futures market on Friday (August 29) morning, supported by expectations of a 25 bps Fed rate cut in September. However, the dollar’s rise against its peers capped the gains for the yellow metal. MCX Gold October 3 contracts were 0.10 per cent up at ₹1,02,199 per 10 grams around 9:15 AM. MCX Silver September 5 contracts, however, were down 0.10 per cent at ₹1,17,062 per kg at that time.

Domestic gold prices have risen about 3 per cent in August amid Trump’s tariff-related uncertainties and expectations of Fed rate cuts.

US Fed Chair Jerome Powell signalled in his Jackson Hole speech on August 22 that the central bank may cut rates in its next policy meeting in September.

According to Reuters, “Fed Governor Christopher Waller on Thursday said he would support an interest-rate cut next month and further reductions over the next three to six months.”

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