Mumbai : Gold prices fell on Friday morning on the Multi Commodity Exchange (MCX), as investors awaited key US inflation data due later in the day. The MCX Gold December futures were down 0.44 per cent at Rs 1,23,552 per 10 grams, while MCX Silver December contracts declined 0.98 per cent to Rs 1,47,052 per kilogram.

Experts said that gold prices were on track to end their nine-week winning streak, as heavy selling pressure pulled the yellow metal down from record highs. "The drop comes as investors book profits amid stretched valuations, renewed optimism over a potential US-China trade deal, and a stronger US dollar," they added. "Looking ahead, markets will focus on the release of US CPI data later today, updates on the US government shutdown, and next week’s meeting between US Preside

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