New Delhi, Oct 30 (IANS): Gold and silver traded up to 2 per cent lower on Friday amid rising expectations of a further rate hike by the US Federal Reserve.
On the Multi Commodity Exchange (MCX), precious metals fell sharply with the white metal losing over Rs 4,000 per kg during the session. Gold futures (December) fell as much as 0.63 per cent or Rs 911 to hit an intraday low of Rs 1,41,685 per 10 grams. At around 12:20 pm, the yellow metal was trading at Rs 1,41,800, down Rs 796 or 0.56 per cent from its previous close.
