Gold, silver rates today: Comex gold and silver fall for second day as US Fed rate hike bets boost dollar

Gold and silver extended their decline for a second consecutive session on Friday as expectations of a US Federal Reserve rate hike boosted the dollar. COMEX gold fell about $107 per troy ounce to an intraday low of $4,138, while COMEX silver declined roughly $3 to $63.35, heading for a sixth straight weekly loss. Tracking weakness in international markets, MCX gold futures dropped about Rs 3,600 per 10 grams to Rs 1,45,710 and silver fell Rs 9,410, with nine of the Fed's 19 policymakers now expecting at least one rate hike later this year.