New Delhi, Oct. 27 -- Gold prices continued to grind lower during Monday's trading session, October 27, extending losses after halting a nine-week winning streak amid progress in trade talks between the U.S. and China.

The December futures contract on the MCX opened lower at Rs.1,22,500 per 10 grams, and the sell-off deepened during the evening session, dragging prices to the day's low of Rs.120,330, a fall of Rs.3,121, or 2.51%, from Friday's close.

Today's decline also marked the second consecutive drop in the yellow metal after last week's sharp 2.8% plunge, its steepest weekly fall since June 2025.

A trade deal between the U.S. and China appears to be drawing closer, with officials from both sides saying on Sunday that they had rea...