New Delhi, Oct. 3 -- Gold and silver prices in your city on October 3: Gold remained stable on Friday and was on track for its seventh consecutive weekly advance, supported by expectations of additional U.S. interest rate cuts this year and concerns about a potential U.S. government shutdown.

MCX gold rate fell over 0.52 per cent to Rs.1,16,960 in Friday's trading session.

Spot gold held steady at $3,851.99 per ounce as of 0247 GMT, after reaching a record high of $3,896.49 on Thursday. The metal is up 2.4% so far this week.

Overall, experts feel that gold and silver are safe haven bets that investors can make to safeguard their portfolios in these volatile markets and with increased risk aversion.

Over the past 20 years, gold prices ...