New Delhi, Nov. 18 -- Rates of gold and silver crashed up to 2 per cent in the domestic futures market on Tuesday morning as fading hopes of a US Fed rate cut in December and easing concerns over US tariffs weighed on demand for safe-haven bullion. MCX Gold December futures were 1.19 per cent down at Rs.1,21,466 per 10 grams, while MCX Silver December contracts were 1.65 per cent down at Rs.1,52,750 per kg at 9:05 am.

International gold prices fell for a fourth consecutive session on Tuesday, amid a rise in the dollar and weakening prospects for a rate cut next month. The dollar index rose to 99.59, weighing on gold's demand.

Since gold is backed in the US dollar, a stronger greenback makes the yellow metal more expensive in other curre...