New Delhi, Oct. 24 -- Precious metals, gold and silver, resumed their losing streak in Friday's trade on October 24, following a brief rally in the previous session, as easing trade tensions prompted bullion traders to trim their exposure.

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 closed lower in four of the last six sessions amid profit booking, shedding 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 selling pressure in recent sessions, closing lower in four ...