Gold and silver prices saw a steep fall on Friday, with both metals declining sharply in domestic trade on the Multi Commodity Exchange (MCX).  The decline came amid a stronger US dollar index and weak global sentiment.

Gold falls by around 2 per cent

Gold futures for June 5 fell as much as 1.52 per cent or Rs 2,478, touching an intraday low of Rs 1,59,500. Later in the session, gold was trading around Rs 1,59,792, down 1.34 per cent or Rs 2,186 from the previous close, reported IANS.