Gold falls to Rs 1.36 lakh, silver down 5% on MCX this week; what’s the outlook?

Gold price outlook: Market participants will watch inflation data from India, the US, the UK, the Eurozone and Japan. The minutes of the Federal Open Market Committee meeting, remarks by Federal Reserve officials and US employment figures will also be closely monitored. Gold and silver both recorded sharp losses on the Multi Commodity Exchange (MCX) over the past week.