New Delhi, Nov. 6 -- Gold and silver prices were trading lower in Friday's session, as stronger-than-expected US jobs data reinforced expectations that the Federal Reserve could raise interest rates at its policy meeting next month.

On the Multi Commodity Exchange (MCX), the December gold futures contract was down Rs.1,700 per 10 grams to Rs.1,42,930 at the time of writing. The decline came after the yellow metal extended its gains for a second consecutive session, putting it on track to snap a three-week losing streak. Gold has gained nearly Rs.4,000 so far this week.

Similarly, silver futures were down 1.26% at Rs.1,84,800 per kilogram. Despite the decline, the white metal remained on track for its first weekly gain in five weeks. Sil...