New Delhi, Oct. 24 -- Precious metals gold and silver resumed their losing streak in Friday's trading session on October 24, as bullion traders remained cautious ahead of the release of US inflation data that could influence how many more times the Federal Reserve cuts rates this year.

Gold futures on the MCX slipped Rs.2,704 per 10 grams, or 2.2%, to hit the day's low of Rs.121,400. The yellow metal has been in the red in four of the last six trading sessions amid profit booking, losing 4.42% of its value, and is on track to post its first weekly decline in nine weeks.

Mirroring the same trend, MCX silver futures dropped Rs.3,432 per kilogram, or 2.3%, to the day's low of Rs.145,080 per kilogram. The metal has also come under heavy sel...