Gold prices dipped in futures trade today as trade tensions between the US and China were allayed.
After hitting record highs during the week, prices softened as the US and China agreed to hold high-level trade talks in early October.
The rupee also rebounded on Friday.
MCX Gold October futures fell 0.8% to Rs38,588/10g.
Globally, spot gold prices fell to $1,514.90/ounce on Friday, as per ET, as the developments surrounding the trade equation between the two largest economies lifted the risk-on sentiment