Gold rate today: Gold, silver bleed as renewed hopes of trade deal dent safe-haven appeal

Mumbai-India (Nov 15) Rekindled hopes of a trade deal between US and China made a dent in gold futures as the commodity dipped on Friday on domestic bourses.

US and China are getting close to a trade agreement, White House economic adviser Larry Kudlow said on Thursday, citing what he called very constructive talks with Beijing about ending a 16-month trade war.

MCX Gold (Dec) futures fell 0.79 per cent to Rs 37,963 while MCX Silver (Dec) futures followed with a 1.23 per cent cut to Rs 44,173 .

FTmarkets