Gold and silver prices retreated on Monday as traders pared positions following hawkish remarks from US Federal Reserve officials, which weakened hopes of a rate cut in the upcoming policy meeting. The shift in sentiment pulled bullion prices lower after last week’s strong rally. On the Multi Commodity Exchange (MCX), gold futures for December delivery slipped by Rs 1,229, or 0.99 per cent, to Rs 1,22,332 per 10 grams. The February 2026 contract also declined by Rs 1,207, or 0.96 per cent, to Rs 1,24,101 per 10 grams. This comes after gold futures had gained Rs 2,494, or 2.06 per cent, over the previous week. Silver futures also extended their losses for a second consecutive session. The December contract dropped by Rs 1,944, or 1.25 per cent, to Rs 1,54,074 per kilogram, while t

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