Gold vs silver, Oct. 30 -- Gold prices, on Thursday, opened sharply lower on Thursday following the US Federal Reserve's policy announcement, while silver prices also slipped over one percent.

On the MCX, gold futures began 1.27 per cent down at Rs.1,19,125 per 10 grams, compared to the previous close of Rs.1,20,666. Silver futures opened 0.4 per cent lower at Rs.1,45,498 per kg against the previous close of Rs.1,46,081.

By 9:20 AM, gold was trading down Rs.1,827, or 1.51 per cent, at Rs.1,18,839 per 10 grams, while silver had fallen Rs.1,411, or 0.97 per cent, to Rs.1,44,670 per kg.

In the international market, gold prices edged higher, supported by a mild decline in the US dollar, as investors awaited potential progress in trade nego...