Gold and silver prices fell on Friday following strong US employment data, which reduced expectations for a Federal Reserve interest rate cut. On the Multi Commodity Exchange, gold futures for December delivery decreased by Rs 355 to Rs 1,22,372 per 10 grams, while silver futures dropped Rs 2,111 to Rs 1,52,040 per kg. City-wise, 24K gold prices varied, with Delhi at Rs 12,463 per gram and Chennai at Rs 12,502 per gram. Analysts noted a resilient labor market and a firm dollar index contributing to the metal’s decline.
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