New Delhi: Gold and silver fell sharply in the futures market on Monday, tracking weakness in global bullion markets as growing optimism over a potential US-China trade deal and a strong dollar weighed on the safe-haven asset.

On the Multi Commodity Exchange (MCX), gold futures for December delivery dropped by Rs 1,546, or 1.25 per cent to Rs 1,21,905 per 10 grams in a business turnover of 12,428 lots.

The yellow metal lost Rs 3,557, or 2.80 per cent, during the holiday-shortened week.

"Gold prices continue to decline as safe-haven demand weakens amid optimism over a potential US-China trade deal and a stronger US dollar," Darshan Desai, CEO of Aspect Bullion & Refinery, said. The dollar index, which measures the greenback's strength against a basket of six currencies, was marginally hi

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