Gold and silver retreated in the domestic futures trade on Friday tracking a subdued demand in global markets and reduced expectations of a near-term rate cut by the US Federal Reserve. On the Multi Commodity Exchange (MCX), gold futures for December delivery declined Rs 345, or 0.27%, to Rs 1,26,406 per 10 grams.

Similarly, the February 2026 contract decreased by Rs 434, or 0.34%, to Rs 1,27,973 per 10 grams. Silver futures turned negative after a five-day rally, with the December contract plunging Rs 1,190, or 0.73% to Rs 1,61,280 per kilogram. The March 2026 contract also tumbled by Rs 1,164, or 0.7% to Rs 1,64,200 per kg.

In the international markets, Comex gold futures for December delivery was trading flat at $4,195 per ounce.

'Gold prices rose above $4,190 per ounce on Friday, he

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