New Delhi, Jan. 16 -- Both gold and silver were trading with losses during Friday's session, amid a stronger US dollar and a fading geopolitical risk premium following reduced tensions in the Middle East.

Tensions in Iran have temporarily eased after President Donald Trump indicated he may delay any military action, following Iran's pledge not to execute protesters.

The February gold futures contract on MCX dropped by Rs.721 to reach the day's low of Rs.1,42,400 per 10 grams.

Meanwhile, the March silver futures contract on MCX also fell nearly Rs.7,000 per kilogram to reach the day's low of Rs.2,84,628, yet prices remain on track to post a 14% weekly gain.

Earlier this week, both gold and silver rose to fresh historic highs after prot...