Gold rate drops on MCX due to profit booking; weak dollar, global uncertainties limit losses

Gold rate dropped on the MCX due to profit booking. MCX gold April futures dropped by over ₹600, or 0.40%, to ₹1,60,516 per 10 grams, while MCX silver March contracts declined by over ₹5,400, or 2%, to ₹2,62,892 per kg.