New Delhi, Oct. 19 -- Gold prices suffered deep losses on the MCX on Saturday as investors booked profit in the yellow metal at record highs on a stronger US dollar and signs of easing trade tensions between the US and China after President Donald Trump said a 100 per cent tariff on China would be unsustainable.

On the MCX, gold's December futures contracts dropped by 2 per cent to settle at Rs.1,27,320 per 10 grams, while US gold futures crashed over 2 per cent to end at $4,213.30 per troy ounce in the previous session.

Meanwhile, gold has delivered stellar returns this year so far, surging by over 70 per cent in the domestic spot market, on increased global political and economic uncertainties, strong central bank buying, US Fed rate ...